Veteran journalist and former presidential spokesperson, Reuben Abati, has dismissed claims by former Kogi West Senator, Dino Melaye, that President Bola Tinubu’s administration may soon resort to borrowing from fintech companies like Opay and Moniepoint.
Reacting on Arise Television’s Morning Show on Tuesday, Abati described Melaye’s comments as “sensational politics,” stressing that such claims lacked substance and were politically motivated.
Abati noted that Melaye, a chieftain of the African Democratic Congress (ADC), is an opposition figure, hence it was unsurprising that he would not commend the Tinubu administration.
“Dino Melaye is a chieftain of the ADC, an opposition party, so you do not expect him to praise the Tinubu administration. He is very articulate and outspoken, so he is accusing the president of borrowing. But let’s examine the facts: President Tinubu said, ‘we have met revenue projections, we are making a lot of money from non-oil, and we are not borrowing from Nigerian banks.’
“I’m surprised Melaye is talking about borrowing from Moniepoint and Opay. I don’t think that is the kind of money the Nigerian government would be considering in terms of capacity,” Abati said.
Melaye had earlier mocked Tinubu’s government, claiming Nigerians would not be surprised if it began borrowing from loan apps amid criticisms over the administration’s debt profile.
Abati, however, dismissed the remarks as baseless and politically charged. He also tackled Melaye over his allegations that Tinubu purchased a luxury yacht with taxpayers’ money and stationed it abroad.
According to Abati, the claim was false. He clarified that the yacht was introduced under former President Muhammadu Buhari’s administration in the 2023 supplementary budget, and the Nigerian Navy had explained that it was an operational vessel, not a luxury purchase for Tinubu.
“The claim that Tinubu has a yacht bought with taxpayers’ money and kept between Monaco and elsewhere is not true. When the controversy came up, it was clarified that the yacht was part of the Navy’s operational requirements, not a personal luxury item for the President. But you know, in politics, anything sensational can be twisted,” Abati added.