The African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, on Saturday, charged the Debt Management Office (DMO) to disclose Nigeria’s external debt-service schedule for the second quarter of 2026.
Atiku issued the charge in a statement by the ADC Presidential Campaign Council’s Director of Strategic Communications, Phrank Shaibu.
According to Shaibu, the DMO recorded $39.25 million in “other charges” between April and June 2026.
He said: “This included $22.5 million against a First Abu Dhabi Bank Total Return Swap and about $8.97 million against Deutsche Bank AG.
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“The table recorded no principal or interest payment against the First Abu Dhabi Bank Total Return Swap during the quarter, only the $22.5 million classified as ‘other charges’.
“What exactly was the $22.5 million charge for? Which agreement authorised it? What was the original facility? How much was drawn? What obligations remain outstanding? Nigerians are entitled to the terms and supporting documentation.”
He also demanded a reconciliation of Treasury Bill borrowing.
Atiku added: “The DMO reported ₦19.48 trillion in outstanding Nigerian Treasury Bills as of June 30, 2026.
“The government should publish what subsequently matured, what was redeemed, what was rolled over and what constituted genuinely new borrowing. Auction allotments do not automatically equal an increase in outstanding debt because some issuances replace maturing bills.
“Nigerians need the current outstanding balance and a transparent reconciliation of the transactions behind it. A June snapshot cannot answer a September question.”
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