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Respected human rights lawyer, Femi Falana (SAN), has advised President Muhammadu Buhari led Federal Government to shelve its plan to obtain $2billion loan from China.

He said instead of “plunging the nation into more indebtedness” the Federal Government should intensify efforts to recover some looted funds totalling about $200bn which were either not remitted to the Federation Account or stolen from the nation’s treasury.

Falana gave this advice in a letter addressed to the Minister of Finance, Mrs. Kemi Adeosun, threatening to sue the Federal Government if his request was not taken seriously.

He said, “In the light of the foregoing, we are compelled to call on the Federal Government to muster the political will and courage to recover the aforesaid withheld or stolen wealth of not less than $200bn belonging to the Nigerian people.

“However, if you refuse to accede to our request we shall have no alternative than to initiate legal proceedings at the Federal High Court with a view to restraining the Federal Government from further plunging the nation into external indebtedness.”