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In a startling incident, participants of a key investors’ call organised by Nigeria’s Debt Management Office (DMO) were shocked when a pornographic video clip abruptly interrupted the proceedings on Thursday.
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The call was part of a hybrid roadshow aimed at attracting dollar investments for the federal government’s upcoming dollar-denominated domestic bond.
The disruption occurred during an online session attended by investors, analysts, bank officials, and government stakeholders. The group had convened to discuss the federal government’s $500 million domestic bond, which is set to be issued on August 19.
The explicit video played for about 10 seconds before the session was abruptly disconnected, leaving attendees stunned by the unexpected intrusion. The DMO has not yet issued a statement regarding the incident, which is believed to be the work of hackers.
Roadshow to showcase Nigeria’s economic reform efforts
The roadshow was intended to showcase Nigeria’s economic reform efforts and attract investment, with Finance Minister and Coordinating Minister of the Economy, Wale Edun, underscoring the government’s preparedness to launch the bond.
This initiative is part of Nigeria’s broader strategy to raise at least $500 million from both domestic and international investors, a crucial element of the country’s ongoing economic reforms.
Minister Edun highlighted that the bond issuance is designed to leverage Nigeria’s financial infrastructure, including the Securities and Exchange Commission (SEC), banking systems, and investment bankers.
The government is particularly keen on drawing foreign currency held by Nigerians abroad, as well as securing support from international investors for President Bola Ahmed Tinubu’s macroeconomic reform initiatives.
