Atiku Abubakar Urges Transparency Over Q2 External Debt-Service Schedule and Unexplained Fees
African Democratic Congress presidential candidate Atiku Abubakar called on Nigeria's Debt Management Office to publish the country's full external debt-service schedule for Q2 2026.
In Brief
- •African Democratic Congress presidential candidate Atiku Abubakar called on Nigeria's Debt Management Office to publish the country's full external debt-service schedule for Q2 2026.
- •Campaign spokesperson Phrank Shaibu highlighted $39.25 million recorded under 'other charges' between April and June 2026, demanding public clarification of the underlying terms.
- •The questioned expenses include $22.5 million linked to a First Abu Dhabi Bank Total Return Swap and $8.97 million associated with Deutsche Bank AG.
- •Atiku also requested a comprehensive reconciliation of Treasury Bill obligations following DMO reports showing ₦19.48 trillion outstanding as of June 30, 2026.
Why It Matters
The opposition's demand highlights ongoing political scrutiny of Nigeria's sovereign debt administration and financial transparency. Public clarity regarding external bank swaps and treasury bill roll-overs is crucial for maintaining public trust and international investor confidence in the country's fiscal management.
Key Details
- Total 'Other Charges' (Q2 2026)
- $39.25 million
- First Abu Dhabi Bank Swap Charge
- $22.5 million
- Deutsche Bank AG Charge
- $8.97 million
- Outstanding Treasury Bills (June 30, 2026)
- ₦19.48 trillion
Context & Background
Nigeria's national debt strategy and service schedules are managed by the Debt Management Office, which regularly issues reports on outstanding domestic treasury bills and international credit facilities.
Original Reporting & Sources
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