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| Patience Oniha, Director-General of the Debt Management Office (DMO). |
A statement by the DMO in Abuja on Wednesday, advised the
public to ignore the report as it is false.
A recent news report quoted the DMO as saying that Nigeria
failed to fully service its debt to China, which had accumulated to N110.31
billion in the last two years.
“The attention of the DMO has been drawn to a publication by
some media houses claiming that Nigeria has defaulted in debt repayment to
China, for which it claimed the penalty stands at N4.31 billion.
“A closer look at the media publication shows that the body
of the publication is completely detached from the headline.
“It gives the impression that the publishers of the report
may have set out to mislead the public.
“The public is assured that Nigeria is fully committed to
honouring its debt obligations and has not defaulted on any of its debt service
obligations,’’ the DMO said.
It emphasized that the media report should be disregarded. -NAN
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