It's risky - IMF warns Tinubu's govt against $5bn Abu Dhabi Bank loan

Author: Ogaga AriemuPublished on: June 9, 2026Country: Nigeria

Business & Economy

It's risky - IMF warns Tinubu's govt against $5bn Abu Dhabi Bank loan

The IMF warned Nigeria's government against a $5 billion loan from First Abu Dhabi Bank, citing opacity and financial risks. IMF Resident Representative Christian Ebeke highlighted margin call risks if asset values drop or currency depreciates. Nigeria's Senate approved the Total Return Swap agreement in April 2026. Ebeke added that the Fund has limited information on the transaction but maintains its concerns.

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