The House of Representatives has begun an investigation into the $460 million Chinese loan secured to fund the Abuja CCTV project, amid concerns over its poor implementation and persistent insecurity in the capital.
The House of Representatives has launched an investigation into the $460 million Chinese loan obtained to fund the Abuja Closed-Circuit Television (CCTV) project meant to improve security across the Federal Capital Territory.
This followed a motion of urgent national importance raised by Hon. Amobi Ogah (LP, Abia) during plenary on Wednesday.
Ogah recalled that the project, initiated under former President Goodluck Jonathan, was financed through a $460 million loan from China-EXIM Bank after a Memorandum of Understanding was signed with ZTE Communications in 2010.
He expressed concern that despite continued loan repayment, the project has failed to improve surveillance or curb crime in the city.
The House subsequently mandated its Committees on National Security and Intelligence, Finance, and Public Accounts to probe the loan, contract execution, and current state of the CCTV project, and to report back with recommendations for further legislative action.