The Presidency has responded to former Vice President Atiku Abubakar’s call for an explanation regarding the NNPC $3.3bn emergency loan, also known as Project Gazelle.
O’tega Ogra, Senior Special Adviser on Digital Communications, asserted that the administration of President Bola Tinubu has consistently educated Nigerians about the loan, with the latest communication shared just four days ago.
Atiku, in his statement, said: “Tinubu’s administration owes Nigerians an explanation for the NNPC $3.3bn emergency loan. The Federal Government continues to keep mum about it, and the only information available to the public on the mega deal is coming only through unofficial sources from the NNPC. The deal is supposed to be a crude-for-cash loan arranged by the African Export-Import Bank. According to information available, a Special Purpose Vehicle called Project Gazelle Funding Limited is driving the deal, and it was incorporated in the Bahamas.”
Responding to these concerns, Ogra reiterated that President Tinubu’s administration has been proactive in providing information about the loan.
He said: “Dear VP @atiku (1999 – 2007),
“President Bola Tinubu’s administration has taken the time to educate all Nigerians further on the loan at various times – the latest being four days ago.
“Here is a tweet from the Presidency’s Official Handle – https://x.com/ngrpresident/status/1749129543778972082
“We also enjoin you, sir, to please share your thoughts on the medium post, which is more comprehensive, here: https://theasovilla.medium.com/you-asked-we-explain-what-you-need-to-know-about-nnpcs-us-3-3bn-loan-project-gazelle-a0187c42afe4 -“
