ALLEGED DIVERSION OF CHINESE RAIL LOAN UNTRUE

- Kano-Lagos rail project not funded by China-EximBank

- China-EximBank keeps and disburses funds for approved projects to contractors based on milestones; funds are not domiciled with Finance Ministry

Since this story was first reported, we have continued to receive media inquiries regarding an allegation reportedly made by the Permanent Secretary, Ministry of Transport, Alhaji Mohammed Bashar, that a substantial part of a $1bn loan obtained from the China-EximBank by the Jonathan administration for a Kano-Lagos rail project was diverted to other projects.

I want to state categorically that there is no truth in the reported allegation. Anyone who is interested can cross-check with the China-EximBank or the Chinese Embassy.

It is noteworthy that even though President Buhari, in his reported comments on the allegation, made no reference to Dr. Okonjo-Iweala but rightly stressed the need for due process and transparency in the execution of public projects, a sponsored media campaign has once again been launched by political elements to make the former Minister the culprit in a non-existent scandal.

The alleged diversion has no substance for the simple reason that the Kano-Lagos project was not even among the projects presented for funding by the China Exim Bank for several strategic infrastructural projects across the country.

In fact, it was the Lagos–Ibadan rail project, not Lagos-Kano rail project that was proposed in the original application to the China-EximBank. But in the end, no funds were assigned for the Lagos-Ibadan rail project by the China-EximBank.

The fact which can be confirmed is that the following projects which are at various stages of progress are being funded from facilities obtained from the China-EximBank:

- $500m for the expansion of four International Airport Terminals in Lagos, Kano, Abuja and Port Harcourt.

- $500m for the Abuja Light Rail project

- $984m for the Zungeru Hydro-electric power project

- $100m for the Galaxy Backbone project

It is also important to note that even if the alleged project was on the list of China-EximBank funded projects, diversion of any Chinese funds would have been extremely difficult because the terms of the contract and the processes would simply not have permitted such action.

The procedure is that funds for approved loans remain in the China-EximBank and are released directly to the Chinese firm executing the contract only after the presentation of duly certified proof of work by the responsible Ministry, in this case it would have been the Federal Ministry of Transport, based on the agreed milestones.

For the sake of emphasis, the China-EximBank does not disburse money directly to government and therefore the issue of diversion does not arise.

This is yet another example of the kind of whispering campaign of calumny, innuendo, misinformation, and outright distortions being perpetrated by certain political elements against Dr. Okonjo-Iweala in a bid to try to damage her reputation.

We are confident that those behind this campaign will continue to fail.

We respectfully request the media to refrain from attaching Dr. Okonjo-Iweala's name and photographs to spurious and unfounded allegations. Dr. Okonjo-Iweala as a Nigerian citizen in a democracy, a citizen who has served her country with honesty and integrity, also has some fundamental rights to justice and fair play.

Thank you.


Paul C Nwabuikwu
Media Adviser to Dr. Ngozi Okonjo-Iweala

Ok

Yoruba media and propaganda!

Ok

badnature:
Yoruba media and propaganda!

Go get some brain biko.

When the screaming headlines that followed the earlier "revelations" by the untutored permanent secretary were unleashed here, I knew that the perm-sec was either economical with the truth, too daft to understand how these loans work or outrightly performing a political hatchet job. Alas, it is starting to look like a combination of the three. It is also very instructive that mallam buhari, the so called experienced hand at Aso, gleefully gobbled the whole trashy 'revelation' line, hook and sinker, as if he has finally found that reason to nail Mrs Okonjo. So excited was he that he started admonishing Iweala publicly, when all he needed to do was to make a call to madam to get the necessary eduation he desperately needs. .

You need nobody to tell you that this APC government is on a whirlwind project to find Iweala guilty of something. . The fact that all accussations levelled against this amazon from the east have all been proved false speaks volume about the impeccable character and administrative acumen of this uncommon talent. . It should worry though, that a whole perm-sec in a very sensitive minisstry as the finance ministy can be so empty and so vulnerable to partisan manipulations. These are the quota system super administrators that have been holding fort at the different ministries. The types our daurra emperroh is very comfortable working with.

The APC children of hate and bloody anger are capable of any misdemeanor so I'm not surprised especially when you have a clown like Oshiomole acting like the defacto minister of loud mouth and finance. Anything can happen according to Wyclef

JESUS!!!!!

NOIConnect:
ALLEGED DIVERSION OF CHINESE RAIL LOAN UNTRUE

- Kano-Lagos rail project not funded by China-EximBank

- China-EximBank keeps and disburses funds for approved projects to contractors based on milestones; funds are not domiciled with Finance Ministry

Since this story was first reported, we have continued to receive media inquiries regarding an allegation reportedly made by the Permanent Secretary, Ministry of Transport, Alhaji Mohammed Bashar, that a substantial part of a $1bn loan obtained from the China-EximBank by the Jonathan administration for a Kano-Lagos rail project was diverted to other projects.

I want to state categorically that there is no truth in the reported allegation. Anyone who is interested can cross-check with the China-EximBank or the Chinese Embassy.

It is noteworthy that even though President Buhari, in his reported comments on the allegation, made no reference to Dr. Okonjo-Iweala but rightly stressed the need for due process and transparency in the execution of public projects, a sponsored media campaign has once again been launched by political elements to make the former Minister the culprit in a non-existent scandal.

The alleged diversion has no substance for the simple reason that the Kano-Lagos project was not even among the projects presented for funding by the China Exim Bank for several strategic infrastructural projects across the country.

In fact, it was the Lagos–Ibadan rail project, not Lagos-Kano rail project that was proposed in the original application to the China-EximBank. But in the end, no funds were assigned for the Lagos-Ibadan rail project by the China-EximBank.

The fact which can be confirmed is that the following projects which are at various stages of progress are being funded from facilities obtained from the China-EximBank:

- $500m for the expansion of four International Airport Terminals in Lagos, Kano, Abuja and Port Harcourt.

- $500m for the Abuja Light Rail project

- $984m for the Zungeru Hydro-electric power project

- $100m for the Galaxy Backbone project

It is also important to note that even if the alleged project was on the list of China-EximBank funded projects, diversion of any Chinese funds would have been extremely difficult because the terms of the contract and the processes would simply not have permitted such action.

The procedure is that funds for approved loans remain in the China-EximBank and are released directly to the Chinese firm executing the contract only after the presentation of duly certified proof of work by the responsible Ministry, in this case it would have been the Federal Ministry of Transport, based on the agreed milestones.

For the sake of emphasis, the China-EximBank does not disburse money directly to government and therefore the issue of diversion does not arise.

This is yet another example of the kind of whispering campaign of calumny, innuendo, misinformation, and outright distortions being perpetrated by certain political elements against Dr. Okonjo-Iweala in a bid to try to damage her reputation.

We are confident that those behind this campaign will continue to fail.

We respectfully request the media to refrain from attaching Dr. Okonjo-Iweala's name and photographs to spurious and unfounded allegations. Dr. Okonjo-Iweala as a Nigerian citizen in a democracy, a citizen who has served her country with honesty and integrity, also has some fundamental rights to justice and fair play.

Thank you.


Paul C Nwabuikwu
Media Adviser to Dr. Ngozi Okonjo-Iweala

from the fore going!it is very,very,very clear that the PMB lead administration is only interested in telling lies,misrepresentation of facts and pursuing illegal routes of so called "probes" with the sole aim of public image laundry.



Cc:lalasticlala,ishilove

talktimi:
The APC children of hate and bloody anger are capable of any misdemeanor so I'm not surprised especially when you have a clown like Oshiomole acting like the defacto minister of loud mouth and finance. Anything can happen according to Wyclef

pls read

https://9javoice./2013/01/18/fg-owes-china-678-9m-dmo/

owobokiri:
When the screaming headlines that followed the earlier "revelations" by the untutored permanent secretary were unleashed here, I knew that the perm-sec was either economical with the truth, too daft to understand how these loans work or outrightly performing a political hatchet job. Alas, it is starting to look like a combination of the three. It is also very instructive that mallam buhari, the so called experienced hand at Aso, gleefully gobbled the whole trashy 'revelation' line, hook and sinker, as if he has finally found that reason to nail Mrs Okonjo. So excited was he that he started admonishing Iweala publicly, when all he needed to do was to make a call to madam to get the necessary eduation he desperately needs. .

You need nobody to tell you that this APC government is on a whirlwind project to find Iweala guilty of something. . The fact that all accussations levelled against this amazon from the east have all been proved false speaks volume about the impeccable character and administrative acumen of this uncommon talent. . It should worry though, that a whole perm-sec in a very sensitive minisstry as the finance ministy can be so empty and so vulnerable to partisan manipulations. These are the quota system super administrators that have been holding fort at the different ministries. The types our daurra emperroh is very comfortable working with.

that is ehn!
it is just plain and outright ............I don't know the word to use.
"perm secs misinforming Mr. president or Mr. president misinforming the perm sec"

Lies, character assassination, outright falsehood and media manipulation all in the name of governance.

Nairaland is getting hot, i wont be surprised see Tinubu on Nairaland

owobokiri:
When the screaming headlines that followed the earlier "revelations" by the untutored permanent secretary were unleashed here, I knew that the perm-sec was either economical with the truth, too daft to understand how these loans work or outrightly performing a political hatchet job. Alas, it is starting to look like a combination of the three. It is also very instructive that mallam buhari, the so called experienced hand at Aso, gleefully gobbled the whole trashy 'revelation' line, hook and sinker, as if he has finally found that reason to nail Mrs Okonjo. So excited was he that he started admonishing Iweala publicly, when all he needed to do was to make a call to madam to get the necessary eduation he desperately needs. .

You need nobody to tell you that this APC government is on a whirlwind project to find Iweala guilty of something. . The fact that all accussations levelled against this amazon from the east have all been proved false speaks volume about the impeccable character and administrative acumen of this uncommon talent. . It should worry though, that a whole perm-sec in a very sensitive minisstry as the finance ministy can be so empty and so vulnerable to partisan manipulations. These are the quota system super administrators that have been holding fort at the different ministries. The types our daurra emperroh is very comfortable working with.

Did you read the message at all? Ngozi herself acknowledged the fact that PMB never mentioned her name.

NOIConnect:
ALLEGED DIVERSION OF CHINESE RAIL LOAN UNTRUE

- Kano-Lagos rail project not funded by China-EximBank

- China-EximBank keeps and disburses funds for approved projects to contractors based on milestones; funds are not domiciled with Finance Ministry

Since this story was first reported, we have continued to receive media inquiries regarding an allegation reportedly made by the Permanent Secretary, Ministry of Transport, Alhaji Mohammed Bashar, that a substantial part of a $1bn loan obtained from the China-EximBank by the Jonathan administration for a Kano-Lagos rail project was diverted to other projects.

I want to state categorically that there is no truth in the reported allegation. Anyone who is interested can cross-check with the China-EximBank or the Chinese Embassy.

It is noteworthy that even though President Buhari, in his reported comments on the allegation, made no reference to Dr. Okonjo-Iweala but rightly stressed the need for due process and transparency in the execution of public projects, a sponsored media campaign has once again been launched by political elements to make the former Minister the culprit in a non-existent scandal.

The alleged diversion has no substance for the simple reason that the Kano-Lagos project was not even among the projects presented for funding by the China Exim Bank for several strategic infrastructural projects across the country.

In fact, it was the Lagos–Ibadan rail project, not Lagos-Kano rail project that was proposed in the original application to the China-EximBank. But in the end, no funds were assigned for the Lagos-Ibadan rail project by the China-EximBank.

The fact which can be confirmed is that the following projects which are at various stages of progress are being funded from facilities obtained from the China-EximBank:

- $500m for the expansion of four International Airport Terminals in Lagos, Kano, Abuja and Port Harcourt.

- $500m for the Abuja Light Rail project

- $984m for the Zungeru Hydro-electric power project

- $100m for the Galaxy Backbone project

It is also important to note that even if the alleged project was on the list of China-EximBank funded projects, diversion of any Chinese funds would have been extremely difficult because the terms of the contract and the processes would simply not have permitted such action.

The procedure is that funds for approved loans remain in the China-EximBank and are released directly to the Chinese firm executing the contract only after the presentation of duly certified proof of work by the responsible Ministry, in this case it would have been the Federal Ministry of Transport, based on the agreed milestones.

For the sake of emphasis, the China-EximBank does not disburse money directly to government and therefore the issue of diversion does not arise.

This is yet another example of the kind of whispering campaign of calumny, innuendo, misinformation, and outright distortions being perpetrated by certain political elements against Dr. Okonjo-Iweala in a bid to try to damage her reputation.

We are confident that those behind this campaign will continue to fail.

We respectfully request the media to refrain from attaching Dr. Okonjo-Iweala's name and photographs to spurious and unfounded allegations. Dr. Okonjo-Iweala as a Nigerian citizen in a democracy, a citizen who has served her country with honesty and integrity, also has some fundamental rights to justice and fair play.

Thank you.


Paul C Nwabuikwu
Media Adviser to Dr. Ngozi Okonjo-Iweala

Lying liars over to you.....

Gaskia kerien APC yaye yewa, su rege sora ma sheitan mana.

APC are now competing with the devil, in fact the devil is now a learner when it comes to lies

Chinese government loans in Africa, are NEVER given as cash to any country or government, also 99.9% of the contractors are Chinese with all raw materials imported from China. In a country like Nigeria where illiterates reign supreme, stories like Chinese loans diversion are repeated by the very ones, that know its not true.

It's time we start visiting the competence of some of these so called perm sec. Just the other day the aviation perm sec was the one that briefed the president about the international airspace being reported to be managed by the Ghanians. Now with this clarification by NOI, is it that the perm sec of the finance ministry does not know what he/she is talking about?

Meanwhile PMB should start double checking any information gotten from these perm sec to avoid unnecessary embarrassments.

[size=14pt]Buhari is a shame of a president.
The man talks before he investigate


See the embarrassments he faces now[/size]