FACT CHECK: Keyamo lied

Caught the last few minutes of the altercation between the spokesmen of Atiku Abubakar and Muhammadu Buhari’s campaign organizations, Segun Sowumi and Festus Keyamo on ChannelsTV this morning.

In dismissing the debt cancellation feat of the OBJ govt on Ngozi Okonjo -Iweala’s watch as Finance Minister, Keyamo said there was “no wizardry” about it as it was a mere decision of G8 countries to grant debt forgiveness to some African countries in 2005 and Nigeria simply benefitted. He said it was by no effort of the OBj govt etc etc. He went on to challenge Nigerians watching to google the info and find out. He kept emphasizing that there was nothing to it.

I followed the news at that time 2005) and could remember how things went but I googled all the same. Information is power.

And so I found that the G8 debt cancellation for the 18 countries was a VERY different matter from the Nigeria debt write-off negotiation by OBJ’s govt with the London and Paris Clubs of creditor nations. Two entirely different cases.

An article from 2005 from Stanford Graduate School of Business said, “Under the G8 proposal 18 nations (Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, Senegal, Tanzania, Uganda, and Zambia) as a group will be spared $1 billion to $2 billion per year in debt service for loans from lenders like the World Bank and the International Monetary Fund.”

I didn’t see Nigeria there.

And then I searched further. The internet is man’s greatest resource. If you know how to search and separate fact from nonsense, no-one can ever deceive you. So I saw this from Proshare:

“In a statement conveying the cheering news to the Federal Government, the Paris Club said that in arriving at the debt forgiveness option for Nigeria, it took special cognisance of the economic reform programmes of President Olusegun Obasanjo\'s administration.

“Only recently, the Group of Eight (G- richest nations wrote off $40 billion debt of the world\'s poorest countries, 14 of which are in Africa.”

“Nigeria was completely excluded from the G-8 largesse, but officials of the Federal Government and some foreign financial agencies like the World Bank had assured that the nation was being considered for debt pardon under a special package.”

The last two paragraphs here show Keyamo to be either such a blatant liar (in his attempt to deceive) or one so ignorant as not to be trusted with even the most basic of information. Which is a pity.

Again and again I tell Nigerians: Verify, Verify, Verify! Don’t swallow anything they give you. Verify! And if you find they’ve lied to you on any matter, re-evaluate your support. You should give yourself some self-worth, I think.

Have a great week.
https://m.facebook.com/story.php?story_fbid=10155624436711246&id=527441245

Keyamo is a confuse person right now, he's fighting to keep his salary at all cost

We all know the military under Buhari and Abacha swept our country to death. But Obasanjo and Okonjo were going around begging for forgiveness of all our debt.

Keyamo?
He has to prove himself as this new job is a lifeline from his almost dead law practice. Guy will sell his family members to keep that job.


Name any notable landmark case you point to that Keyamo won in his career?
Even the EFCC had to sack him as their lead counsel due to the string of bungled cases under his care.

He's a shameless know pathological liar

Keyamo is a throw talker. He just throws words and terms and names around. That is all.

That's how they roll..... With lies

Lalasticlala,plse front page. We need to fact check all political parties narratives.The lies and truth need to be known to us.

As you Aticulated you will OBI-tuari- lated politically

keyamo is a disgrace to the SAN profile

That PDP guy gave Keyamo so much facts that Keyamo just had to succumb to the Lai-ing spirit in him. APC and lies be like two pairs of the same shoe.

Another version of the fact check

FACT CHECK: Keyamo’s claim that Nigeria’s debt cancellation came on a platter is false

iNewsFeatured News
By Kingsley OBIEJESI On Oct 15, 2018

Segun Sowunmi, Atiku's campaign spokesman, and Festus Keyamo, Buhari's campaign spokesman.
The spokesman of President Muhammadu Buhari’s re-election campaign, Festus Keyamo, and that of the Abubakar Atiku campaign, Segun Sowunmi, went head-to-head on Channels Television’s Sunrise Daily on Monday, to try explain to Nigerians why their respective principal is more qualified to lead the country come 2019.

Among the many claims made by Keyamo in trying to demarket Atiku, was that the Olusegun Obasanjo administration, in which Atiku served as the second in command, did not do anything special to merit Nigeria’s debt cancellation in 2006.

Keyamo implied that Nigeria could have had its debt cancelled anyway whether it took any stop or not.

“Let Nigerians not go away with the impression that there’s some kind of wizardry in negotiating debt forgiveness. It’s a lie. The G8 at that time took a policy to forgive debt in Africa. There was no wizardry on the part of Nigeria. 18 countries benefitted (from that policy),” Keyamo said.



And to buttress his ‘facts’, Keyamo invited Nigerians to google “G8 debt forgiveness 2004/2005” and see evidence that the debt forgiveness was an unmerited gift to Nigeria.

CLAIM 1: Countries that benefitted from the G8 debt cancellation

Contrary to Keyamo’s claims, Nigeria was NOT one of the countries that benefitted from the G8 debt cancellation initiative of June 2005 to which Keyamo alluded.

According to an International Monetary Fund factsheet, the idea, which was tagged the Initiative for Heavily Indebted Poor Countries (HIPC Initiative), was a collaboration between the IMF, the International Development Association (IDA) of the World Bank, and the African Development Fund (AfDF), to cancel 100 percent of the debt claims of “countries that had reached, or would eventually reach, the completion point—the stage at which a country becomes eligible for full and irrevocable debt relief”.

The countries that benefitted were 38 in all, and they were as follows: Afghanistan, Burkina Faso, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Ethiopia, The Gambia, Ghana, Guinea-Bissau, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Tanzania, Togo , Uganda, Benin, Bolivia, Cameroon, Comoros, Republic of Congo, Côte d’Ivoire, Guinea, Guyana, Haiti, Honduras, Mauritania, Nicaragua, Senegal, Zambia.

Also, Cambodia, Tajikistan, benefitted from the initiative even though they were non-HIPC countries, but they had a per capita income below $380 and outstanding debt to the IMF.

Keyamo was right that the G8 reached a decision to forgive indebted countries, but he was wrong that they were all African countries and that Nigeria was one of them. Only 14 of the countries are in Africa, and Nigeria was clearly not one of them.

CLAIM 2: Debt forgiveness came on a platter

The G8 debt cancellation did require some efforts or ‘wizardry’ as Keyamo put it on the part of benefitting countries. The IMF stated that there were requirements to be met before countries could have their debts forgiven them.

According to the IMF factsheet, “to qualify for debt relief, the IMF Executive Board also required that these countries be current on their obligations to the IMF and demonstrate satisfactory performance in macroeconomic policies, implementation of a poverty reduction strategy, and public expenditure management.

So Keyamo was also wrong on this claim. The countries that had their debts forgiven had to meet a set standard which only a handful of countries could meet.


https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://www.icirnigeria.org/fact-check-did-nigerias-debt-cancellation-come-on-a-platter-as-keyamo-claimed/&ved=2ahUKEwiiz4KNuIreAhUsp4sKHXXkC5cQqUMwAnoECAkQDA&usg=AOvVaw068JSYpSlwRayPoA2A45g6

New story every day....

This fryo crooner......I don't listen to anything he says...
Someone coming from the Human Rights background,and spill so much untruths for a Government whose human rights records is getting low by the day.......He makes too much noise,and 99% of what he says are confirmed lies,he has always been like that(even the Otobo case).
I don't take him serious....he tells a lot of lies...it didn't start today...

Lies government

Keyamo thinks people can be swayed by who can make the most noise

Government filled with chronic pathologic liars with no iota of shame.Let the APC government ask our debtors to write off our current $13B external debt.

And buhari have started piling up more debts. like his role model did in the 70s.
It would require another NOI to get that debt cancelled, that is if the creditor are even in a forgiving mood.

And someone like NOI comes once a generation. So you guys are screwed.

this guy fit win lai mohammed for lying ooo

Just like their 100$ per barrel oil price for 16 years myth.

Who doesn't know the ranks of APC is littered with liars scumbags , thieves , ritualists , Satan worshippers , sadist,terrorist murderers and bigots all pretending to be democrats !!!!!!

Keyanmo is a big mistake to Warri and Urhobo land. Bloody Ju

Why are you dissipating energy bto tell us? Everyone knows that KEYAMO IS A LIAR!

Who dey take APC serious?
If APC greet me good morning, i need to first check my wrist watch before i agree say na morning i dey. mtchew!

Shameless idiot. That's the only thing he and other Buhari zombies thrive on.... Lies.