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There Are Clauses In Loan Deal Conceding Nigeria’s Sovereignty To China: Reps

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National Assembly

National Assembly

A house of representatives panel says there are clauses conceding Nigeria’s sovereignty to China in a loan agreement.

The panel described the clause contained in article 8(1) of the commercial loan agreement between Nigeria and Export-Import Bank of China as ‘lethal’.

The Muhammadu Buhari had obtained a  $400 million loan for Galaxy Backbone, federal government’s information and communication technology (ICT) agency, in 2018.

The agreement of the loan was revealed when an investigative hearing was conducted by the house committee on treaties and agreements chaired by Nicholas Ossai, a lawmaker from Delta state, and Rotimi Amaechi, minister of transportation, appeared before the panel.

“The borrower (Nigeria) hereby irrevocably waives any immunity on the grounds of sovereign or otherwise for itself or its property in connection with any arbitration proceeding pursuant to Article 8(5), thereof with the enforcement of any arbitral award pursuant thereto, except for the military assets and diplomatic assets,” the clause as reported by Tribune read.

According to the chairman of the committee, there are agreements signed by the ministry of communications and digital economy where the country’s sovereignty will be breached if it defaults in the agreements.

“When the national assembly reacts in this manner, to question some level of agreements being entered into by any ministry of this country with any other nation, we have every right to question that because anything that is going to happen will happen to our generations unborn. Whether we get it from China or not is immaterial,” Ossai said.

Read Also: Acting NDDC MD Faints While Being Probed By House Of Reps Committee (Video)

“The most important thing is that we must save and protect our people as regards agreements, because most of the agreements that have been signed, the national assembly has no knowledge.

“Even the details embedded in those agreements are not forwarded to you when demanding counterpart funding.

“You don’t have the details, clause by clause, in line with the Act that established DMO. We need to know those details even before going to sign such agreements. But those details are not provided to the parliament.

“So, we have the right to question them.”

The house treaties committee summoned Isa Pantami, communications minister; Zainab Ahmed, finance minister, and Patience Oniha, director-general of the Debt Management Office (DMO), to appear before it on August 17.

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Court Revokes Faisal Maina’s Bail For Failure To Attend Trial

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Court Revokes Faisal Maina’s Bail For Failure To Attend Trial

Abdulrasheed Maina son, Faisal

The Federal High Court sitting in Abuja on Tuesday ordered the arrested of Faisal Maina, the son of Abdulrasheed Maina, for jumping bail in his trial on money laundering charges.

Justice Okon Abang who revoked Faisal’s bail ordered that his trial would continue in absentia pending when the security agencies would be able to arrest and produce him in court.

The judge also asked his surety, a member of the House of Representatives, Sani Umar Dangaladima, representing the Kaura-Namoda Federal Constituency of Zamfara State, to appear before the court to show cause why he should not forfeit the N60m bail bond which he signed for Faisal.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

At Failsal’s money-laundering trial resumption on Tuesday, the Economic and Financial Crimes Commission’s prosecution counsel, Mohammed Abubakar, told the court that Maina’s son and Hon. Dangaladima both failed to appear in court since June 24, 2020.

Abubakar, therefore, applied the revocation of his bail and his arrest citing section 184 of the Administration of Criminal Justice Act.

The prosecution also applied for the court to order his trial in absentia as provided by 352(4) of ACJA.

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Insecurity: I Don’t See Things Returning To Normal In Northern Nigeria – Omokri

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Insecurity: I Don't See Things Returning To Normal In Northern Nigeria - Omokri

Reno Omokri

Former presidential aide, Reno Omokri has expressed that he is pessimistic about life returning to normal in Northern Nigeria after the Coronavirus pandemic with the increasing insecurity in the nation.

In the past few days, there have been various reports of kidnapping, killing, and attacks by bandits on citizens in the Northern region of the country.

Also Read: Nigerian Army’s account of their involvement in the Lekki Massacre is as straight as Bobrisky’: Omokri

Reacting to the situation, Omokri pointed out that due to the insecurity in the region, he foresees marriages, burials, ceremonies, and even trade being conducted virtually.

He wrote:

“Even after #COVID19, I don’t see things returning to normal in Northern Nigeria. Insecurity is overwhelming. I foresee marriages, burials, ceremonies, and even trade being conducted over zoom. Nobody in Northern Nigeria can safely travel. Absolutely NOBODY.”

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Former Lawmaker, Shehu Sani Defends Gowon Over Allegations Of Looting CBN

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Former Lawmaker, Shehu Sani Defends Gowon Over Allegations Of Looting CBN

Shehu Sani

Former lawmaker, Senator Shehu Sani has come out to defend former Head of State, General Yakubu Gowon (Rtd) who was recently accused of looting half of the Central Bank of Nigeria (CBN) during his reign.

Sani in a statement via his Twitter account on Tuesday where he defended the former leader, pointed out that Gowon left office without any evidence of wealth.

Also Read: Shehu Sani Hails FG’s Exclusion Of ASUU From IPPIS

He added that the claim against Gowon by a member of the UK Parliament is totally false.

He wrote:

“General Yakubu Gowon; The claim of ‘looting the CBN’ made by the British Minister for Africa as represented by Mr James Duddridge against Gen Gowon is nothing but outright falsehood. Gowon exited power without any evidence of wealth & that remains, for over four decades after power.”

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