Nigerian Lawmakers Uncover Clause In Loan Deal Conceding Nigeria’s Sovereignty To China | Sahara Reporters The committee noted that the clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and... NigeriaGov HouseNGR READ MORE:
Members of Nigeria’s House of Representatives have uncovered clauses in a loan collected by the Nigerian Government from China that concedes the country’s sovereignty to the Asian country.
However, Minister of Transportation, Mr Rotimi Amaechi; urged the House not to investigate the loans being received by the government, adding that the probe will jeopardise the chances of the country in getting further loans. "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.
However, Amaechi’s plea was not taken as the Committee Chairman said that the minister should return to the committee on August 17 with other ministers to give details of the contract agreements.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German firms in China do not expect business to recover until 2021Respondents cited international travel restrictions and cash flow shortages as the biggest challenges they are currently facing.
Read more »
PDP Kicks As Kano Govt Seeks €684m Loan From ChinaMost Influential Newspaper in Nigeria
Read more »
CBN Advised To Stop Forcing Banks To Give Out Loans | Sahara Reporters.cenbank Advised To Stop Forcing Banks To Give Out Loans | Sahara Reporters The indigenous rating firm said a further slowdown in economic activities or a total lockdown would be crippling for the banking industry. READ MORE:
Read more »
Anti-corruption War Alive, Nigerian Government Says | Sahara ReportersAnti-corruption War Alive, NigeriaGov Says | Sahara Reporters It asked those who feel otherwise especially leaders of the opposition Peoples Democratic Party to dare the law and bear the consequence. OfficialPDPNig READ MORE:
Read more »
UPDATED: Buhari Names Railway Stations After Deserving Nigerians | Sahara ReportersUPDATED: Buhari Names Railway Stations After Deserving Nigerians | Sahara Reporters Full list of those who were honoured. READ MORE:
Read more »
Nigerian Government Meets With Resident Doctors Over Fresh Strike Notice | Sahara Reporters.NigeriaGov Meets With Resident Doctors Over Fresh Strike Notice | Sahara Reporters The doctors gave the Nigerian Government three weeks to either meet their demands or face total strike action. READ MORE:
Read more »