The Debt Management Office (DMO) has denied report making the rounds that Nigeria defaulted in loans repayments to China.
According to the organisation in a statement in Abuja, yesterday, the claim that Nigeria was facing penalties amounting to N41.31 billion was also untrue.
The statement reads: “The attention of the DMO has been drawn to a publication by some media houses claiming that Nigeria has defaulted in debt repayment to China for which it claimed penalty stand at N4.31billion.
“A closer look at the media publication shows that the body of the publication is completely detached from the headline.
“It gives the impression that the publishers of the report may have set out to mislead the public.
“The public is assured that Nigeria is fully committed to honouring its debt obligations and has not defaulted on any of its debt service obligations.’’
