Nigeria signing loan documents written in Chinese language

now browsing by tag


Nigerian Officials Putting their Signature on Loan Documents Written In Chinese Language, Lawmaker Claims

A member of the House of Representatives, Mr Ben Ibakpa has made insincere some Nigerian officials signed loan documents from China written in the Chinese language.

Mr Ibakpa said this on Thursday when he briefed on Channels Television’s breakfast show, Sunrise Daily, stating that the National Assembly is not beared along when the country takes loans from China.

He said that some Nigerian officials do not logically look into the loan documents before putting their signature, adding that, “Some of these documents come in the Chinese language”

According to the member representing Ethiope Federal Constituency, the National Assembly has been kept in dullness before now concerning the Chinese loans.

“The National Assembly is kept in the dark in all these loans. The National Assembly is not part of it. Even the Bureau for Public Procurement is not aware of these loans.

“These loans are collected via the China Civil Engineering Construction Corporation (CCECC). They bring a bill, the Federal executive approves the bill,” the lawmaker said.

While disclosing that the National Assembly may have made so serious mistakes in the past the years, he added that things need to be and can be corrected now.

Speaking regarding the 2020 budget, Ibakpa said little is known about how the money is been used.

“We are talking about over N2 trillion appropriated for debt servicing. We appropriate and we don’t know how this money is being spent. That is why we need to look into what has been happening since 2002.”

Source___Channels TV

Copyright © 2014-2024 Afrinity Productions.

Powered By SML Media
| KABBO Theme by: D5 Creation | Powered by: WordPress