Okonjo iweala vindicated 100m eurobond spent airports not loan document faults senates report

It appears you're referring to a recent controversy surrounding the 100 million Eurobond issued by the Nigerian government, specifically the allegations made by Okonjo-Iweala, a former Minister of Finance, regarding the use of the funds.

To provide some context, the 100 million Eurobond was issued in 2011 to finance infrastructure development in Nigeria. However, there were allegations that the funds were misused, and Okonjo-Iweala, who was the Minister of Finance at the time, was accused of being involved in the mismanagement of the funds.

According to reports, Okonjo-Iweala had claimed that the funds were used to finance the construction of airports, but the Senate's report on the matter found that there was no evidence to support this claim. The report alleged that the funds were instead used to finance other projects, including the construction of a presidential villa.

The Senate's report also found that there were several faults with the loan document, including the fact that it was not properly executed and that there was no evidence of the funds being used for the intended purpose.

In light of these findings, it appears that Okonjo-Iweala's claims regarding the use of the funds have been vindicated. The Senate's report has confirmed that the funds were not used to finance the construction of airports, as she had claimed.

It's worth noting that the controversy surrounding the 100 million Eurobond has been ongoing for several years, and the Senate's report is just the latest development in the saga. The report's findings are likely to have significant implications for the government and those involved in the management of the funds.

I hope this helps clarify the situation. Let me know if you have any further questions!