Nigeria: Obasanjo's Loan to Sao Tome, Ghana Unconstitutional - Senate

The Nigerian Senate this week declared the $45million loan granted to Ghana and Sao Tome by President Obasanjo as illegal, noting that the money was taken out of public funds without satisfying the requirements of the 1999 constitution. Obasanjo was also found to be in breach of the due process necessary in such transactions.