A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC) Comrade Timi Frank, has cautioned the International Monetary Fund (IMF) and other international organisations to be cautious of the plan to grant another loan to the current General Muhammadu Buhari-led administration in the name of Covid-19.


The Nigerian government is asking for $3.4billion loan to fight COVID-19.


But Timi Frank said IMF must ask the current regime how previous loans taken from China and several other sources were used.


The former APC spokesman said if the loan is approved, it would be the largest in the continent, however, warned that the international organisations should not mortgage the future of unborn Nigerians.


The political activist in a statement made available to newsmen on Monday said all the previous loans taken in the last five years of General Buhari administration, "Nigeria is still referred to as the poverty capital of the world."


Frank said: "The APC government has negatively given another name to governance in Nigeria and it is now government of loan. The IMF must demand to see the roads, the healthcare facilities and all the infrastructures ,previous loans were used for."


The Bayelsa-born activist said if such huge amount of money is given to the current regime it will be mismanaged.


"I hereby advise the IMF and other organisations to be cautious not to facilitate corruption in Nigeria. The proposed $3.4billion loan for Nigeria to fight COVID-19 is questionable. General Buhari's government has collected several loans from China & World Bank, but it is yet to be felt by Nigerians.


"The proposed loan will go the same way others have gone in the past under this administration .The loan will not be used to tackle COVID-19. They will build no hospitals, or buy any medical equipment," Frank warned.


The activist said virus such as corruption, hunger, poverty, nepotism, and wickedness kills Nigerians more than COVID-19 daily.


Frank called on wealthy Nigerians to donate directly to the citizens instead of donating to the federal government.


"I hereby appeal to the private sectors and businessmen to quit donating relief funds to the Nigerian government, instead they should donate directly to Nigerians through their BVN; so this money can get to Nigerians directly, instead of giving the money to this corrupt government."


Signed:

Comrade Timi Frank
Political Activist
27/04/2020


Source: https://ngg.ng/2020/04/28/covid-19-dont-give-apc-govt-another-3-4bn-loan-timi-frank-cautions-imf-others/

Good morning �
I am in minna stuck in minna to be precise , I am running out of cash , please I need to get home .
Anyone here that can help me get to Lagos

Borrow Borrow Make Us The Giant Of Africa. Yet More Plans To Borrow More Money To Fixe The Giants Might.

That money should be stopped from being released to this clueless government.

Bros, both IMF o!, za A-FEE-C gworvament o!, and all azem, know what they are doing and what each other stand to gain at the end. All azem are all bunch of kwarupt feefle. Are you telling me that the body dishing out these huge funds don't know the money is not used judiciously but still want to give anyway?

This comedian is here again.

He has never been part of solution but problem.

Remain jobless since APC sacked him. Always looking for crumbs to feed on lazy ass

Can someone tell this empty brain that the whole world is already in recession as a result of this Pandemic. Even the mighty America now have about 10mill jobless and still remains the highest indebted nation min world

IMF is fueling corruption in Africa.

IMF why?

Apc government and looting.. garnished with sweet propaganda

SocialFinance:
This comedian is here again.

He has never been part of solution but problem.

Remain jobless since APC sacked him. Always looking for crumbs to feed on lazy ass

Can someone tell this empty brain that the whole world is already in recession as a result of this Pandemic. Even the mighty America now have about 10mill jobless and still remains the highest indebted nation min world

Are you not happy for the exposure?Or you are part of the looting politicians

SocialFinance:
This comedian is here again.

He has never been part of solution but problem.

Remain jobless since APC sacked him. Always looking for crumbs to feed on lazy ass

Can someone tell this empty brain that the whole world is already in recession as a result of this Pandemic. Even the mighty America now have about 10mill jobless and still remains the highest indebted nation min world

The US is the wealthiest nation in the World.
They have cash, you clown.

How can you compare them to Nigeria?

Your govt can't even get enough dollars.

The IMF is not interested in Nigerian well being.

They are more interested in the nice interests they generate from Africa.

I read a report where more than half of African revenues goes into debt servicing(not even payment), leaving very little for real project work at home.

Despite nonsense talks by PDP and some other political prostitutes over the years, international organizations have continued to borrow Nigerian government under the leadership of Buhari loans and more loans. Why? Everyone with a little sense trusts Buhari.