Amaechi is such a fool, see as he is signing away the country's future and has the mind to tell us a probe should not happen.

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

As matter of fact, we need chase the horrible Chinese, Indians and Lebanese out of our homeland.

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

Add better value to your cocoa and bitumen. There is much money when values are added. That is civilisation.
No be Chinese and Indians be una oyibo

Where are those people defending this government?

PMB should be impeached immediately if true

For the first time, I thought they were just rubber stamp NASS . well done that is why some African countries are crying foul. I am disappointed with the minister why will the Chinese not hear they don't want it in public because of their nefarious behaviour. Why would Nigeria not deal with Japan, Russia West Germany ,Britain because they are not as fraudulent

#blacklivesmatter never finish to fight against racism born from the transatlantic slave trade where human beings were exchanged for gunpowder and pieces of glass mirrors, and these useless administration is already trying to resell us to the chinks for 21st century baubles?

Nor vote dis man! Nor vote dis man!! Una no hear, see am na? After BH and terrorists, Covid19 and poverty, we’ll still have d Chinese to contend with. What a useless contraption this country has become.

so Dem don the sale it on auction self ,we don't learn from Zimbabwe

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

You mean sufferiscated

Hmmmmmnnn, truly undercover,,,,...Nigeria summition to China, wow! Our leaders are just confusing Dem self... Thank God for Buhari undercovering our corrupted citizen calling Dem self leaders...

Please I pray d green huz shuld implement a law that miss management of funds and looting is punishable by hanging or ceasing of all asset, belonging to such individual (cars,huz, enterprises,,e.t.c) & frozen of account..

It shall never be well for anyone that stood in that sun in 2019 to vote for APC...

Accident and untimely death shall erase there family line..

Straight bullet will kill all their family members

“We are not saying because the money is not paid directly to people in this country. We have seen the agreement. We have also seen a clause where sovereignty is waived if we default. We have seen it in the document. It is here in the document where the sovereignty of our country is waived and we believe that the particular clause is not part of what they brought to the National Assembly to approve.


Is the Honourable minister insinuating that Nigeria will default on agreement?

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

Peter Obi's people can't do anything without China

Golan007:
Islamization agenda.

this is not islamization but chinazation

The redundant coupist has done it again!
The self serving scum is all shades of fiasco.
The shithole urgently needs a leader.

holywind:
this is not islamization but chinazation

Oh wow.

I thought that was always the accusation against the government.

The day Nigeria will introduce chinese language into its curriculum, its the day I'll know that it is FINISH.

Fvck Ameachi and China

Probe all the dirty deals

The reason they choose China is because they're the only nearly industrialized nation that will knowingly sign hyper inflated contracts, loans and concessions

Crooks

idrismodel:
What else do you expect when we have a lifeless zombie as our president

Hope you are not talking about our "darling daddy"?

very stupid agreements

The counterpart funding alone will execute the contract on the international market. Not minding that Nigerian labour costs are sometimes less than 1/20 the international going rates.

They use your money to build your infrastructure, give their citizens jobs, and you still owe them for till the next generation. Very greedy leaders that will sell the country if it fills their pockets

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

yes oh my brother there is a reason why it's called south WEST

Well, we are just waiting for the receipt to confirm that Nigeria has indeed been sold.

It's finally getting close to the end.

Chinese Republic Of Nigeria!!!

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

So true.....

Osagyefo98:
Not suprised.


It is even better Chinese re-colonise Nigeria again but before that those that wants out should be allowed honourably to bow out....... before the Chinese start the full colonisation.


There is always of engagement to countries who are always begging and borrowing to loot..

The Chinese themselves are an amazing people.

Reason why Tanzania president tore agreements China signed into pieces saying only a drunken man could have signed it. The Chinese are offering some kind of kickbacks in some forms to African government officials so that they keep closed eyes to their tricks.

Tanzania president cancel a $10 chinese loan. Now the country funds its project itself. All the money being stolen left, right, and center in the trillion is more than enough to fund the infrastructure we need in Nigeria. Imagine that N15 trillion ($39 billion) was lost in the Niger Delta over a 20 year period with nothing concrete to show for it. Obasanjo blew another $16 billion on power with no result. I believe all these funds are sitting in the personal accounts of some people. If we start calculating what has been stolen last 30 years alone, it could run into $1 trillion dollar. Just those two example is $55 billion.

Ohamadike 1 of Biafraland
Prophet Mazi Nnamdi Kanu said this during one of his broadcasts.
The zoo is a goner no Arsenal

Imagine a minister telling us China who are giving to loan in order to come make money off us and possibly hope that we won't be able to pay so they can seize the asset, now telling us China will cancel the loan or agreement because we want to investigate details of the agreement. What is he hiding? Please people should investigate to find out if the Chinese are not currently building a mansion for Amaechi somewhere within Nigeria or in Dubai. That’s the strategy Chinese often use. Though they execute corrupt public officials in their country but will go around Africa to offer kickbacks.

DeLaRue:
The clause is fairly standard in cross border agreements where a government is a party.

All the clause is saying is, bro, as e dey sweet you to borrow money from me so, if you no pay back when time reach, and I come go court go get judgement against you for my money, no turn around to claim say as you be government so, nobody fit sue you because your country's constitution say so o.

It's a fair clause.

Even big contracts between local companies & State governments in Nigeria often contain this type of clause.

Not sure many later commentators saw this. So we think all our legal guys are fools? Immediately I saw this, I knew there must be some reasons

jabolo:


Ok, you ask (hopefully for education) before jumping to conclusion...

First of all, Sovereign immunity clauses are normal and widely used. Many countries incuding Nigeria have signed of hundreds if not thousands of them so I believe these lawmakers are either grandstanding, or unaware of how international finance works.

Let's go:

- Nigeria (represented by a parastatal) wanted to take a loan from a Chinese entity (or have a Chinese entity perform a job on 'credit') and negotiates a contract;
- As part of the negotiations, they agreed what to do when a dispute arises (this is called 'arbitration', the adopted rules are generally 'clear and fair');
- Assume the arbitration goes against Nigeria, let's say the panel awards an amount to be paid to the Chinese entity;
- If Nigeria does not pay, the Chinese entity would not want to go to Abuja High court (lol!) to enforce the award;
- It would want to head to another jurisdiction and the 'waiver of sovereign immunity' is the Nigerian Government effectively conceding that saying - "if after we have gone to arbitration and we are at fault, you can sue us in a court in another jurisdiction to recover your payment"
- In these jurisdictions, the only assets the court can assess for seizure in case of continuous non-payment by Nigeria are usually commercial assets and not diplomatic and military assets;
- For commercial assets, think NNPC/NPA London office building, Nigeria Airways airplanes (Ha!) etc;
- For excluded assets ,think Embassy buildings, airforce jets, Presidential jets , Arms and ammunition paid for etc.

Replace 'Nigeria' and 'Chinese Entity' above with any other country and any other entity in a contractual relationship and the same applies.

Investors deem these necessary as a direct function of the lack of confidence in our Judiciary. Any country with a weak and non-independent judiciary would find it difficult to attract foreign investments without these clauses. If we fix our judiciary and it establishes precedence in enforcing against Government entities in test cases with arbitration awards paid when due, these sort of clauses would begin to be phased out in new agreements.

So, the danger with this legislative 'over-reach' is that foreign investors would not invest, simple. The tap will be turned off.

Now I'm not necessarily defending it but I hope you now understand better.

Many will still overlook this clarification. Just watch

ikorodureporta:


https://tribuneonlineng.com/galaxy-backbone-reps-uncover-clauses-conceding-nigerias-sovereignty-to-china/

How lovely it will be to wake up to the breaking news that China has taken over Nigeria. I am sure many Nigerians will not mind because we are sure that in 2 years time, Power, Water, Roads, Education and health sectors will be transformed. China cannot do worse than our politicians I tell you.

DenreleDave:
If they will be selling us to China..

They shud not start from yoruba land ooo.. We don't fancy Chinese..


They can start from people that loves China so much and do everything in common with them..


Yorubas are going with America, Canada and Europe...we are civilized

These countries you mentioned are Christian countries
The afonjas are moslems with few fake Christians.
So sorry those countries will rather go with ppl who are majority Christians n we all know which tribe that will be. I think the afonjas should flow with Pakistan,Indonesia n Afghanistan.

"Haaa, mogbe temi bami", and I was trying to abuse one Chinese in town yesterday, only to realize that they are our new colonial master now