The Debt Management Office, DMO, has refuted reports by some media houses that Nigeria has defaulted in debt repayment to China, hence facing penalties of N41.31bn.
The DMO in a statement released today, Wednesday April 19, on its twitter handle, advised members of the public to ignore the reports, saying: “A closer look at the media publication shows that the body of the publication is completely detached from the headline which 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 statement emphasized.
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