The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin Emefiele should be probed for his role in allowing the DMO’s borrowings to balloon to more than $48.8 billion. DMO Accused of Contravening the Fiscal Responsibility Act According to Adetilewa Adebajo, an international financial markets expert, Nigeria’s Debt Management Office (DMO) violated the ...
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