Benbellamor:
Zambia has been re colonised now. Their Airports. Telecoms. Power Electricity taken over. As they defaulted
Now they have stable electricity
Only that some workers work for months without seeing their families
Signpost written in Chinese
Some supermarkets don't allow Zambias because Zambians are classified as "foreigners in their own country"

RichBoy247:
That will be good news.


It's better China takes over Nigeria. That Clause is a good one.

China has been executing corrupt officials publicly in their country, if they take over Nigeria, then, they(China) may just be our God sent Angel to clean Nigeria of evil corrupt politicians.

acenazt:
this looks like lies to you??

MduZA:


your link doesn't attest to your assertion of saying SA has religuish her sovereignty to china...besides China and SA are equal partners in BRICS,in terms of agreements signed on brics economic agreements China will aways be the helper as a power house hence using SA as the gateway to many african countries..

acenazt:
and your statement failed to elaborate on how it is that Nigeria's sovereignty has been relinquished to China after taking loans bellow 10billion USD. S.A took much more plus it is clearly stated that 4% of its Annual Budget has been sourced from China,not even putting the Escom Monies into account.

It'll be a very terrible thing to loose one's Sovereignty. But Nigeria isn't a he or she. Nigeria is an Entity that's just functioning on sleep mode. The Chinese will only reposes those infrastructures they constructed as in a lease i.e the Sri Lankan Port matters. There's more than one way to pay up that Loan. pay with natural resources or let em lease it and take certain percentage of the proceeds for a stipulated time. Either way the construction will be done and Maintained by the Chinese. I.m.o, this is way better than taking loans from the IMF which has a 55% interest and will end up as pocket money for Our political elites. Btw China's interest is 17%

Benbellamor:
Zambia has been re colonised now. Their Airports. Telecoms. Power Electricity taken over. As they defaulted
Now they have stable electricity
Only that some workers work for months without seeing their families
Signpost written in Chinese
Some supermarkets don't allow Zambias because Zambians are classified as "foreigners in their own country"

OneMillionBoys:
how true is this?

legionISproteus:
Source please

Stalwert:
[s][/s]

This one will have become Finance minister in nnammdi Cownu beerfraud Republic if Cownu had succeeded, imagine how PMB saved millions of hard working Igbos from such a disaster! If till this moment you cannot figure what waving sovereign immunity is then you truly should donate your school certificate to iya Akara who will definitely put it to better use.

BlackfireX:




Oponu what is your opinion?

Benbellamor:
Zambia has been re colonised now. Their Airports. Telecoms. Power Electricity taken over. As they defaulted
..
Signpost written in Chinese
Some supermarkets don't allow Zambias because Zambians are classified as "foreigners in their own country"

Benbellamor:



Very True

watch it here


https://www.youtube.com/watch?v=TWhATAmoWgA

Antell95:
Nigeria’s House of Representatives members have reportedly just unearthed clauses in a loan collected by the Nigerian Regime from China that concedes the country’s sovereignty to the Asian country.

Chairman of the House Committee on Treaties, Protocol and Accedences, Ossai Nicholas Ossai, raised the alarm while probing loans received by the regime.

The committee noted that the clauses in Article 8(1) of the commercial loan accedence signed between Nigeria and Export-Import Bank of China allegedly concedes sovereignty of Nigeria to China in the $400m loan for the Nigeria National Information and Communication Technology Infrastructure Backbone Phase II Project signed in 2018.

According to a report by ThisDay, the clause in the agreement signed by the Federal Ministry of Finance (borrower) on behalf of Nigeria and the Export-Import Bank of China (lender) on September 5, 2018, provides that, “The borrower hereby irrevocably waives any immunity on the grounds of sovereign or otherwise for itself or its property in connection with any arbitration proceeding pursuant to Article 8(5), thereof with the enforcement of any arbitral award pursuant thereto, except for the military assets and diplomatic assets.”

Mr Rotimi Amaechi, the Minister of Transportation, urged the House not to investigate the loan being received by the regime, integrating that the probe will jeopardise the chances of the country in getting further loans. He integrated that China was monitoring happenings in Nigeria and the probe will send a negative message to the Asian country about Nigeria.

“But in asking questions on these loans now, it may jeopardise these loans. The Lagos-Ibadan is not completed; the Ibadan-Kano is not completed.

“Let the Government of China not say there is a dissension in the government on this loan and so we will not give this loan.

“So, I appeal to the chairman to give us from now till December when we are likely to secure the loans. Then, from January, February, you can resume this investigation.”

The House of Reps withal evoked the Minister of Communication, Ali Isa Pantani; Minister of Finance, Budget and National planning, Mrs Zainab Ahmed; and Director General of the Debt Management Office, Ms Patience Oniha. These ministers are expected to provide answers on the $500m loan to be sourced from the Export-Import Bank of China for railway lines in the country. They are withal to provide details on the acquiescent signed between the Federal Ministry of Transport and the China Civil Engineering Construction Corporation in respect of some railway projects in the country. The projects involved are the Abuja-Kaduna, Lagos-Ibadan, Ibadan-Kaduna and Kaduna-Kano railways lines.


Source: https://www.gistaroma.com/revealed-the-chinese-government-will-take-over-some-part-of-nigeria-if-loan-cannot-be-repayed/

Rossikki:


So a 24 year old Youtube vlogger is your source?

And you will say you went to school and are educated.

Useless.

baby124:

Chinese are very stupid to think they can attempt that with Nigeria by giving thieves loans. E go shock them. They have obviously not done their research. Nigeria is the last place on earth they can annex. They better go and annex the families of the thieves they loaned money to. Those ones will steal their money and they won’t get kobo back.

seunmsg:
So to you guys, sovereignty waiver in a loan agreement means a foreign creditor can take over the country? Too many illiterates in this country I swear. People who don’t understand something are always the first to offer uninformed opinion. Smh!

Samfloxin:
They have finally sold Nigeria, everybody go in peace,the mass has ended

seunmsg:
So to you guys, sovereignty waiver in a loan agreement means a foreign creditor can take over the country? Too many illiterates in this country I swear. People who don’t understand something are always the first to offer uninformed opinion. Smh!

Rossikki:

Mumu. It is YOU they sold. No one else.

Benbellamor:


Na so you hate Nigeria reach
Can't stop laughing since

RealEzee:
I just read some stuff about the Zambia case with China, similar pattern and mehnnn it doesn't seem like a good thing our leaders are doing especially when we are not sure we can even pay back this huge loans we receive from China


https://www.theguardian.com/global-development/2019/dec/11/china-steps-in-as-zambia-runs-out-of-loan-options

seunmsg:


Unfortunately, you don’t understand what you posted.

Waiving sovereign immunity doesn’t mean a foreign creditor can take over another country. It simply means in case of breach of contract resulting in legal dispute, they can enforce the judgement of the arbitration. Without waiving the immunity, a creditor can hardly enforce judgment against a sovereign country in case of breach of contract. With the waiver, the creditor can take over the collateral that was presented to obtain the loan or seize the country’s assets outside the country to offset the arbitration award. It doesn’t mean they will take over the government of the country.

And in case some of you don’t know, no international investor or lender will invest or give loan to a high risk country like Nigeria for serious infrastructural development without asking for a sovereignty waiver. It is simply suicidal. Again, the sovereignty waiver can only be activated in case of breach of contract and eventual arbitration. If we don’t breach the contract, they cannot seize our assets. It’s thst simple.

achierosion:
Chai
Your own bad gan
But on a serious note I want them to recolonise us again... With horsewhip


Eliminate anything that moves in the northern desert.

Parisian:
Special emphasis on the bolded.

MduZA:


I don't want to engage in a fruitless debate...China and SA are partners ...many african countries are benefiting through this partnership.I am only here to tell you that SA has not reliquished her sovereignty commenting on someone "s assertion if not yours...if your country is bowing to the mighty China(our Brics partner) there is nothing wrong...you are on your own!