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Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered (41878 Views)

President Tinubu Names New Heads For NCC, Galaxy Backbone, NIGCOMSAT / Galaxy Backbone: We Blocked Over 200 Cyberattacks During General Election / Ononuju Asks Amaechi To Resign Over Deal Conceding Nigeria Sovereignty To China (2) (3) (4)

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Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by ContractKiller: 12:47pm On Jul 29, 2020
Honestly there are bushmen in the National Assembly.
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Nobody: 12:48pm On Jul 29, 2020
Please my region should be included . I just need any sovereignty apart from that name called Nigeria.
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Ellie01: 12:48pm On Jul 29, 2020
ikorodureporta:


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



When USA, @Atiku n peter obi were saying it, many thought it was d usual political games in play. Look it it now n d funny minister wants December to sell more sovereignty to China

1 Like 1 Share

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Daygee1978(m): 12:49pm On Jul 29, 2020
God bless Nigeria.... Nigeria will surely be great again.....

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by GboyegaD(m): 12:49pm On Jul 29, 2020
anonimi:


Barawo Bubu and his band of pretentious APC kleptocracy rogues are the ultimate curse that we could have invited over our country.
The ultimate curse.
PDP was child's play.
Unfortunately we have docile citizens who enjoy the continuous, endless squeezing.

The very reason why this will continue come 2023.

4 Likes 1 Share

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by ospido: 12:53pm On Jul 29, 2020
And they promised during their campaign that they won't borrow a dime. That they will use recovered loots to fix this country.
Today what do have?

3 Likes

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Nobody: 12:54pm On Jul 29, 2020
Zane2point4:

So what are u insinuating?
Am sure you're wearing a chinese cloth.
Chinese phone..
Chinese utensils
Chinese hair
Chinese shoe
Chinese leather
Chinese etc....
So my dear, u dont only love them you live in them and reflect them
Chinese TV, Chinese everything, Don't mind the ignoramuse.

1 Like 1 Share

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Nobody: 12:54pm On Jul 29, 2020
I keep saying it that Nigeria is doomed.

What's more painful is the fact that some youths are still supporting these criminals. There's no difference between apc, pdp and the other parties, all of them are filled with clueless, heartless and corrupt individuals.

China took over one national corporation in Zambia last year because Zambia failed to pay back its loan. I foresee such thing happening in Nigeria soon.

3 Likes

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by anonimi: 12:57pm On Jul 29, 2020
GboyegaD:
The very reason why this will continue come 2023.

The thing weak me o bros. embarassed undecided cry

2 Likes

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by anonimi: 12:59pm On Jul 29, 2020
ospido:
And they promised during their campaign that they won't borrow a dime. That they will use recovered loots to fix this country.
Today what do have?

We have changed promise by those who packaged a thief for us as having integrity.


www.nairaland.com/attachments/3130620_312618210455925102083392872603702040434416570868664njpegaeee09ac222946bb55e282b101a666f8_jpeg2ed8a7a281c137a6d72df9058e760f35



www.nairaland.com/attachments/4257139_mumuhamadu_jpeg8f5b75be4e14a3d41f9327e6532cd03c

4 Likes 1 Share

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Alkason: 1:01pm On Jul 29, 2020
143WaZoBia:
Why do this ministers try to blackmail the reps every time they appear before the reps?
Because of the pressure you get from the south east we should waive our sovereignty to China? This Amechi is a crazy man. Even the Ossai de tey calm Amechi because when the money drop, na all of dem go gather flex, bunch of jokers.

Did you read to understand or you already have an agenda?
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by mamaafrik(m): 1:05pm On Jul 29, 2020
The documents should be scrutinized to avoid stiries,but can someone Read the complete statement through the tribune link,he wants to take three loans, ibadan-kano,PH Maiduguri and one .
That one we don't know,he now said PH is th only SS state captureed in the PH -maiduguri route, and also that " the east people are complaining that there is no rail in the east" ,which most likely mean he is
He is trying to sign lagos -Calabar project but he is now being mandated to take loan for ibadan-kano and Ph- Maiduguri at a goal while he jettisons the Coastal rail project,i may be wrong but all should read the tribune story and see the kettle of fish there.
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Perewenkle1: 1:05pm On Jul 29, 2020
We have been crying for long for the federal government to stop borrowing from China having seen what happened to other countries that borrowed from China, when they couldn’t pay those countries lost their sovereignty to China.
My people, this is a serious issue and I did not see plenty write ups from viewers. This should be concern for all, so called leaders selling their country, all of them should be stoned, same way they loot and no complaints from citizens, same way they will mortgage all of us and no one complain from Nigerians. Wake up all.
The minister is insane to ask the committee to allow them take the loan first and call them back in December to answer them and that lender will stop the loan if rep continues their probe into the agreement. It will be too late if the committee did not dig now, cancel the loan if they want, we can get it from the western countries or IMF.

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Alkason: 1:07pm On Jul 29, 2020
Elder0001:
I keep saying it that Nigeria is doomed.

What's more painful is the fact that some youths are still supporting these criminals. There's no difference between apc, pdp and the other parties, all of them are filled with clueless, heartless and corrupt individuals.


Stop saying there is no difference between PDP and APC. Let's be sincere with our ascertion . PDP was bad in government but APC is an aberration.
PDP can't sign such agreement. Never


China took over one national corporation in Zambia last year because Zambia failed to pay back its loan. I foresee such thing happening in Nigeria soon.

China might take over MMIA Lagos, lol
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by RealEzee(m): 1:08pm On Jul 29, 2020
Lol make i go Holla my guy way dey support buhari da year, news like this makes it harder for him to sai buhari grin


We better start taking back our country from this wicked people ooo, one step at a time, na that mumu tax we for start with, why 7.5%? I no go pay oooo lol
2.5% or no deal lasun, no good road, no light, poor education, poor health care and you want 7.5% kwa, mbanu.
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by ospido: 1:13pm On Jul 29, 2020
anonimi:


We have changed promise by those who packaged a thief for us as having integrity.


www.nairaland.com/attachments/3130620_312618210455925102083392872603702040434416570868664njpegaeee09ac222946bb55e282b101a666f8_jpeg2ed8a7a281c137a6d72df9058e760f35



www.nairaland.com/attachments/4257139_mumuhamadu_jpeg8f5b75be4e14a3d41f9327e6532cd03c

3 Likes 1 Share

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by 6digitscomrade: 1:15pm On Jul 29, 2020
Ayt27:
I made a comment yesterday about not trusting the Chinaman or "Chinks" and a know it all labelled me racist and dumb. I guess he doesn't
much know about the Chinese.

From books like 33 strategies of war, 48 laws of power and The art of war. You will understand the craftiness and subtletly of the Chinaman's action and way of thinking, They practice very trojanesque type of warfare.

I still have that reservation that China attacked the US with corona because of Trump's policy, packaged it in such a way that one can't call it warfare, esp when there are casualties on both sides.

Thank God somebody read the agreement and pointed out the sovereignty clause so that our
selfish leaders don't sell us.

I'll always prefer the Japs, with them it's Death before Dishonor.
your last quotes has been my favourite for years..

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by DeLaRue: 1:18pm On Jul 29, 2020
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.

2 Likes

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by t00dugged(f): 1:18pm On Jul 29, 2020
People have been shouting "let's sell this country" , now litterally they have sold us to the Chinese but them nor share money reach Nigerians hand angry angry. I would have preferred if they sold Nigeria to Japan Sha . grin

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by adelaja70(m): 1:21pm On Jul 29, 2020
Wiseandtrue:

E don happen! This is serious shocked shocked shocked

So Buhari has signed away the sovereignty of Nigeria since 2018 with little or nothing to show for it??

Nigeria has borrowed much already which has not been paid back and they kept borrowing

If the rep knows what they are doing, they should eradicate that clause completely, project or no project!!!

Because this government has only paid the interest what if the incoming government default

Galaxy Backbone was OBJ handwork not Buhari....
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by jabolo(m): 1:22pm On Jul 29, 2020
Vosopirin:
Can't fathom

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.

7 Likes

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by surgical: 1:24pm On Jul 29, 2020
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
This your comment is very hilarious
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Jasseyfrd(m): 1:32pm On Jul 29, 2020
Ayt27:
I made a comment yesterday about not trusting the Chinaman or "Chinks" and a know it all labelled me racist and dumb. I guess he doesn't
much know about the Chinese.

From books like 33 strategies of war, 48 laws of power and The art of war. You will understand the craftiness and subtletly of the Chinaman's action and way of thinking, They practice very trojanesque type of warfare.

I still have that reservation that China attacked the US with corona because of Trump's policy, packaged it in such a way that one can't call it warfare, esp when there are casualties on both sides.

Thank God somebody read the agreement and pointed out the sovereignty clause so that our
selfish leaders don't sell us.

I'll always prefer the Japs, with them it's Death before Dishonor.

nothing good come easy in life....
LAW 31
CONTROL THE OPTIONS:
GET OTHERS TO PLAY WITH THE CARD YOUR DEAL

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by MMempire(m): 1:33pm On Jul 29, 2020
Wiseandtrue:

E don happen! This is serious shocked shocked shocked

So Buhari has signed away the sovereignty of Nigeria since 2018 with little or nothing to show for it

Nigeria has borrowed much already which has not been paid back and they kept borrowing

If the rep knows what they are doing, they should eradicate that clause completely, project or no project!!!

Because this government has only paid the interest what if the incoming government default
When you put a man with forged "O" level certificate as the head of a country, thats what you get.

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by kalu61(m): 1:34pm On Jul 29, 2020
Is better to have US than China as world power. Those chinko no get joy
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by kalu61(m): 1:35pm On Jul 29, 2020
Ayt27:
I made a comment yesterday about not trusting the Chinaman or "Chinks" and a know it all labelled me racist and dumb. I guess he doesn't
much know about the Chinese.

From books like 33 strategies of war, 48 laws of power and The art of war. You will understand the craftiness and subtletly of the Chinaman's action and way of thinking, They practice very trojanesque type of warfare.

I still have that reservation that China attacked the US with corona because of Trump's policy, packaged it in such a way that one can't call it warfare, esp when there are casualties on both sides.

Thank God somebody read the agreement and pointed out the sovereignty clause so that our
selfish leaders don't sell us.

I'll always prefer the Japs, with them it's Death before Dishonor.
l concur with you

1 Like

Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by seunayantokun(m): 1:35pm On Jul 29, 2020
And this is the government that Mamman Daura described as competent. Wicked people
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by Fourwinds: 1:36pm On Jul 29, 2020
Just take a look at the idiots Amaechi... That man skull is filled with cotton wool
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by dederocs(m): 1:38pm On Jul 29, 2020
Ameachi, has always been a snake.
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by bigname23: 1:44pm On Jul 29, 2020
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.
Hong Kong is looking for a way out from china, even tiawan is still fighting for complete freedom...na u won go shook ur head put, if china colonize u then get ready to be slaves for the rest of ur lives..

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