Author, Immanuel James Ibe-Anyanwu says in the the past 8 years, most State governors in Nigeria now borrow what to loot—that is looting in the future tense.

The author of “Under Bridge” said this in post on his Facebook page in reaction to the controversy surrounding Nigeria’s loan from China.

Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, had made clarification while answering questions about the loan controversy on a TV programme stating that the clause ‘waiving sovereignty’ in the loan agreement between Nigeria and China was only a contract term, a sovereign guarantee that assures payback according to the terms and conditions of any loan.

He said, “It is a commercial agreement, it’s a trade agreement between Nigeria and China. The first issue is that Ministry of Transport does not take loan. Anything about loan, talk to Ministry of Finance. What I signed is what they call commercial contract, that is contract between the federal government and CCECC as a contractor.

Ibe-Anyanwu in reacting said, “The Chinese are very clever,” says @Uche Ezeh. “They will just wait for the interest on that loan (N8 trillion) to build. Two decades or so from now when we’ve all forgotten; when people like Amaechi and other political actors have all left the scene, they will return with some of their smartest bookkeepers and throw the entire book at us.”

“If we say we can’t pay, then they will demand control of the NNPC and all our oil resources. This is the same thing they’ve been doing to other STUPID African nations. Now, if the Chinese take over the NNPC, what other sovereignty do you have?”

“How much will this (rail project) generate annually? Who will account for what it generates? How will it be maintained? What is the payment plan, etc?”

“Let me further break it down though I’m probably sounding like a broken record now: From 1999 to around 2011, most governors in Nigeria had great looting careers, but they stole mostly what they found in the coffers. Their successors since the past 8 years are smarter: state revenue is hardly enough, so they borrow what to loot—that is looting in the future tense. Okorocha for instance met a N26 billion debt in Imo accumulated over the years; in 8 years he kicked it forward to some N105 billion.”

READ MORE: https://thebelltimesng.com/2020/08/02/nigerian-governors-are-now-smarter-they-now-borrow-what-to-loot-author/

You have to have a strong mind to read certain news coming from Nigeria

Like I always say, Nigeria didn't deserve independence because we have no clue what leadership is.

These days, our politicans are looting ahead into the future of the generations unborn.

To date, I have yet to understand the intents of those youths still fight to keep a country that does not work going

Outright disintegration is the answer to all this bullsh*t.

And dem forget to dey borrow sense

It's really disheartening having these fools as governors. The best we can wish them all is pain, death and sorrow if they insist on impoverishing the Nation and the people of Nigeria.

Somebody tell the wicked Nigerian leaders that it shall not be well with them as far they keep looting the wealth of the masses...

Imagine, borrowing to steal... These devil's won't stop if we don't stop them.

Nigerians! wake Up...