China Loans: Why I Told Reps Not To Probe Too Much – Amaechi

China Loans: Why I Told Reps Not To Probe Too Much – Amaechi

The controversial clause in the agreement signed by the Federal Ministry of Finance on behalf of Nigeria and Chinese bank on September 5, 2018 provides:

“The reason why I said that is because we have already applied for $5.3billion to execute the rail from Ibadan to Kano. We are about applying for about $3billion to execute the rail from Port Harcourt to Maiduguri. “If I am the lender, I will be worried. If they get worried, they will say ‘No, we will not approve the remaining loans you have applied for,” he said.

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