NewsNigeriaPoliticsSoutheast Development Commission Refutes Allegations of Borrowing N25 Billion
The Southeast Development Commission, SEDC, has refuted allegations that it borrowed twenty-five billion Naira from a commercial bank without due process and statutory approvals. The loan, which was reported to have been borrowed in secret, was said to have an outrageous interest rate. Reacting to this report, SEDC dismissed it as false in entirety. In a statement signed by the Commission’s management, the allegations were dismissed as false and misleading. “This claim is entirely false,...









