EXCLUSIVE | Crisis Brews in APC Over Tinubu’s Refusal to Repay Atiku’s N1 Billion Campaign Loan
Crisis is said to be brewing between APC National Leader, Asiwaju Bola Ahmed Tinubu and former Vice President Atiku Abubakar over the refusal of the former to repay a loan of N1 billion reportedly collected from the latter during the 2015 presidential campaign, SIGNAL can report.
A source familiar with the details told SIGNAL on Monday that both political heavyweights may be heading for a showdown over the development.
According to the source who did not want to be named, Atiku loaned Tinubu the sum of N1 billion in 2015 for the financing of deficits incurred during the APC presidential campaign with a promise to repay immediately after the elections. Crisis between the two titans began when months after the election, Tinubu refused to repay the debt, rebuffing Atiku’s attempts to broach the subject.
“Both men have managed to keep the issue out of the media space because of the sensitive nature, but there is a strong bone of contention between them. The issue is that Tinubu obtained a loan of N1 billion from Atiku during the 2015 presidential campaign and promised to repay the loan after the elections, but he’s not even ready to talk about it now and Atiku is sore pissed”, the source said.
Attempts by SIGNAL to contact Sunday Dare and Paul Ibe, spokespersons to Tinubu and Atiku respectively proved abortive at the time of filing this report.
However, further checks by SIGNAL through other relevant top level sources on Monday confirmed a brewing rift between the Jagaban of Borgu and the Turaki Adamawa over the said N1 billion loan.
Follow us on Twitter at @thesignalng
Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.