The House of Representatives has initiated an investigation into the $460 million Chinese loan taken to finance the Abuja Closed-Circuit Television (CCTV) project. This decision came after a motion of urgent national importance was presented by Hon. Amobi Ogah during Tuesday’s plenary session.
The CCTV project was established during former President Goodluck Jonathan’s administration to enhance surveillance and law enforcement in the Federal Capital Territory (FCT). The project was financed through a loan from the China-EXIM Bank, which was part of a larger $600 million credit facility offered to Nigeria.
Despite the significant investment, Hon. Ogah expressed concerns that the CCTV project has not yielded the expected improvements in security within Abuja, as incidents of insecurity continue to rise.
Following discussions, the House has tasked its Committees on National Security and Intelligence, Finance, and Public Accounts with investigating the loan’s circumstances, the implementation of the contract, and the current status of the CCTV project. They are expected to report back to the House for further legislative action.
