IMF’s warning on 9 June to President Tinubu’s govt of financial risks of US$5 billion loan package via series of derivative contracts with First Abu Dhabi Bank follows mounting unease about Gulf State’s high interest loans to Ethiopia & Kenya & the political concessions it exacts from those govt
After the Tinubu government sold forward 14% of national oil production last year, it is borrowing US$5 billion from the UAE
