Monday, May 11, 2026 - A public commentator, Mahdi Shehu, has called on the World Bank to apologize to Nigerians over alleged delays in loan approvals and disbursements, warning that legal action may follow if this is not done.
Shehu made the statement on Sunday in a post on X while
reacting to reports that the administration of Bola Ahmed Tinubu had raised
concerns about delays in accessing approved loans.
According to him, Nigeria has consistently shown willingness
to borrow, while the World Bank has also remained ready to lend, making the
situation troubling.
“Nigeria is a serial willing borrower and the World Bank a
serial loan giver,” he said.
He described the delay in releasing approved funds as
suspicious, suggesting it could be a deliberate attempt to frustrate the
country’s economic progress.
“Delay in disbursing approved loans appears to be a
deliberate sabotage against a stabilized and fully recovered economy and
polity,” Shehu said.
He also mocked the situation, saying it was unusual for a
country eager to borrow to be warning a lender.
“A situation where an ever willing loan seeker is warning an
ever willing loan giver must be recorded by the Guinness Book of Records,” he
added.
Shehu further demanded an apology from the World Bank,
warning that failure to do so could lead to a lawsuit at the International
Court of Justice.
“The World Bank must apologize to all Nigerians for the
delay which will affect our comfort level, otherwise we will file a class
action at the World Court of Justice,” he said.
He also insisted that there would be no room for settlement
once the legal process begins.
“And the moment we file against them, there will be no room
for out-of-court settlement,” he added.
“Take note that our defence team will be led by the ever
competent and patriotic Chief Lateef Olasunkanmi Fagbemi, SAN the attorney
general of APC/NIGERIANS.”
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