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Nairaland Forum / Nairaland / General / Politics / Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered (42163 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: 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.....
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Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by GboyegaD(m): 12:49pm On Jul 29, 2020 |
anonimi: 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: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 thing weak me o bros. 2 Likes |
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by anonimi: 12:59pm On Jul 29, 2020 |
ospido: 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: 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: 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 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: 3 Likes 1 Share
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Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by 6digitscomrade: 1:15pm On Jul 29, 2020 |
Ayt27: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 . I would have preferred if they sold Nigeria to Japan Sha . 1 Like |
Re: Galaxy Backbone: Clauses Conceding Nigeria's Sovereignty To China Uncovered by adelaja70(m): 1:21pm On Jul 29, 2020 |
Wiseandtrue: 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: 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: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: 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: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: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: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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