₦airaland Forum

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/

Elomus:
Best Place to start this kind of business is in akwa ibom state....you go make money die

Why do you think so?

https://www.gistaroma.com/


Kindly review

Tankunland:
From then on I was just living a purposely life because there wasn't the will to live again. I was so lonely, there wasn't anyone to talk to or laugh with. No one chatted me up again, I would go some time's 2 days without a meal because there wasn't any food to eat, my soap got finished and I had to start to use Klin detergent to bath, yes I always looked good and smiled when I went outside because I still had lot of good clothes but deep down I was dying slowly and mightily lonely and depressed


I would go make block at Fagba railway and be paid 1500 but that 1500 is spend this way. 200 goes for my transport, 200 to eat morning food, I would buy Tramadol 100 to numb the pain from carrying 700 blocks per day, I would use 300 to eat afternoon meal and another 100 tramadol before you sleep to numb the pain growing on my hip again and another 200 naira food at night again, I was just frustrated and each night i wet my pillow with tears and prayed to die while sleeping anf each morning I woke up with a fake smile when I saw people.


I had to stop making block as I was getting addicted to Tramadol as that could finally mean the end of my life as addiction to tramadol without a job or money would surely lead me to crime and I went to start making bread in a bakery and we would be paid 600 per night after we have worked so hard during the night. All this stuff got me so frustrated and depressed and always angry and just wanting to end it all

You might asked don't I have Uncle's or Aunt yes I did but none came to my aid whenever I swallowed my pride to asked them for help and all they would say is why did I play football and not go to school and I went this way till that hot September 5 of 2019 after trekking so much and knocking on the gate of more than 10 hotels and got home to meet my neighbor needing me to go fix that light.


I just couldn't take it anymore and I was just within seconds of downing that sniper when I shamefully begged here and this where few reasons why I spiraled into deep depression.
(1) My girlfriend left me
(2) a boy that was already sleeping in my arms and chest was taking from me.
(3) used to do giveaway to those that were broke every single Tuesday on my WhatsApp and now my WhatsApp was like a ghost land.
(4) remember eating 2 bags of Rice in the year 2018 alone and now I couldn't even afford a proper meal again.
(5) my soap was 2k that lasted less than 2 weeks and my cream 4k and now I used Klin detergent to bath.
(6) I gave those almajires in my bus stop 200 per day i kid you not and now I didn't even have 1 naira on me again.
(7) how I single handedly buried Mom but now I couldn't even afford 200 to go look for a job unless i trek

Sending u a PM

Ajsimon:
I won't come out broke after quarantine
Amen

Carry me along

THEbaddest007:
i just checked my jamb result and I got 268 without any expo. I hate carrying expo.
I just need suggestions. which federal university would be very easy for me to get a first class.
insult is allowed.

You are a MUMU Man! you think say u wise. what do you mean by "WITHOUT EXPO"? Were u supposed to CHEAT? The Mod that brought this to front page needs FLOGGING!

Missed you Guys!

Mikehot:
Allahu alcrap

Desmondsurebet5:
Read below it.

You must be sick

Please anybody with info about the Obudu mountain race registration?

Hello

Are u on Facebook?

Do one require a special talent to for BBnaija auditions?? I'll love to be at d next edition..

PointZerom:
Red was his colour

means? Cultist?

madridguy:
You are a tribalist.

Kettle calling pot black

Eket is in Akwa Ibom. Unam ikot mkpo

KehnnyCares:
This is getting messier. I don't want to regret my decision for voting for Buhari

It will be really painful and sadden hearted, I lost my two paying jobs cos of this man and I'm still having a positive thoughts about his administration.

SO YOU haven't regretted already?? Balderdash!

smartty68:
Hmmm! Even Atlantic FM Uyo be spreading false news because I heard he was shot dead

That's the press for you

guiddoti:
okay! Advice him to stop forming James Bond, life has no duplicate.
Quick recovery to him

Thanks mate

smartty68:
Unfortunately, even if he wasn't a cultist, but his stupidity led him to an early grave.

Sorry for the lose.

Lol he is not dead.. Go to my facebook wall

smartty68:
Unfortunately, he was aslo a cultist.

#ShunCrime
#SayNoToCultism

Unfortunately, it is wisdom to assume you're daft.

SageTravels:
Only Cowards Join Cult.

There is no single benefit in all those things

This is the problem we'll continually need to deal with in this country. Where in this news is the victim labelled a cultist.

Or you just a negative fellow

guiddoti:
Who is he then? He is one being single out?

He went to buy and was unfortunate and he's very Okay now..

I've taken down the photos i took with him at the hospital..

Lets stop saying what we do not know.. Stanley Mbanefo left my house an hour b4 the incident.. I'm surprised to see the news here, even on punch.. He is not a cultists you BUNCH of glorious IDI.O.TS..