Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,217,799 members, 8,035,482 topics. Date: Monday, 23 December 2024 at 12:38 PM

$500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps (15042 Views)

How Pramod Mittal Got A $500 Million Bailout In Nigeria / Federal High Court Orders Buhari To Account For $460 Million Chinese Loan / Ganduje’s N300bn Chinese Loan Slavery, Kano Elders Tell Buhari (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

$500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by naijapage(f): 5:02am On Aug 25, 2020
The House of Representatives on Monday defended its decision to suspend activities of its standing and ad hoc committees, saying there was no hidden agenda.

It also faulted its Committee on Treaties, Protocols and Agreements for investigating the $500m loan facility Nigeria recently secured from China, saying it had already been approved by the National Assembly and captured in the 2020 Appropriation Act.

But before activities of the committees were suspended on Thursday, the Committee on Treaties, Protocols and Agreements had written the Ministry of Transportation, demanding documents containing loan agreements with China from 2000 to date.

Among the facilities the committee is probing is the $500m loan secured from China-EXIM Bank to finance railway projects under the Ministry of Transportation.

The Peoples Democratic Party had, on Saturday, asked the Speaker of the House of Representatives, Femi Gbajabiamila, to step aside for allegedly frustrating investigations into executive corruption.

The party stated this in a statement titled, ‘PDP Berates Gbajabiamila For Frustrating Corruption Investigation in the House of Representatives … Asks Speaker to Step Aside,’ signed by its National Publicity Secretary, Kola Ologbondiyan.

But the Majority Leader, Alhassan Ado-Doguwa, who is also the leader of the ruling All Progressives Congress caucus in the House, in a statement on Monday, berated the PDP for faulting the decision of the House to stop committees from investigative hearings.

The statement was titled, ‘’You’re suffering from horrific political hallucinations – Doguwa replies the PDP.’

Ado-Doguwa said, “It is at first repulsive for an opposition party, the PDP, that has seemingly lost the actual meaning and essence of opposition, to have brought in undue politics into a matter of national interest, especially at the time of prevailing health and economic challenges.

“Although one should not have glorified them with a response by wasting precious time required for fixing the economic woes which they recklessly plunged the country into, it has become imperative, for the sake of educating their sympathizers, to set the record unambiguously straight.

“It is ridiculous to discover that the PDP, a supposedly major opposition party in the country, does not know the workings of the National Assembly, let alone know where the constitution and the House procedures have been breached.”

According to the lawmaker, it has never been the practice of the House to continue with committee engagements while on annual recess, especially with the current COVID-19 pandemic.

Ado-Doguwa added, “It will be of interest to the PDP, the investigations the House is currently undertaking, including the Chinese loans, cover the 16 years the PDP was in power and when most of the loans were obtained. So, maybe they should be thanking the House leadership for covering up their misdeeds.

We have approved $500m Chinese loan, probe not necessary – Reps

“Hence, making reference to the recent $500m China loan by the PDP spokesman which has already been approved by the National Assembly through a transparent and formal request was either a deliberate misrepresentation of facts or an utter ignorance of history.

“Therefore, it is pertinent to know that the government has already captured the recent loan in the 2020 appropriation law and it should not be a subject of any controversy or query in the committee’s investigation process, at least for now. And as a matter of norm and procedure, the House can only wait until disbursements and utilisation commence before embarking on oversight implementation.”

We haven’t discontinued probes – Majority leader

The Majority Leader stated that the House had not discontinued other investigations, including those concerning the Niger Delta Development Commission, the Nigerian Social Insurance Trust Fund, power sector as well as all other allegations of corruption in ministries, departments and agencies of the Federal Government.

“All the pending investigations will continue as the House reconvenes,” he stated.

According to the lawmaker, the House under the leadership of Gbajabiamila will remain focused, committed and well-guided in safeguarding its institutional integrity, “without necessarily jeopardising our good working relationship with the Buhari-led popular government.”

Ado-Doguwa further said, “In fact, the PDP lacks the moral standing to accuse the leadership of the House of abetting corruption or protecting questionable officials from the ongoing investigation. For us in the APC, fighting the menace of corruption by prosecuting corrupt individuals has been the cardinal objective of the President Muhammadu Buhari administration.”

The Majority Leader stressed that the leadership of the House had observed “the deteriorating working relationship with the executive arm of government, which was mostly due to misconducts and sometimes deliberate and calculated attempt by some disgruntled government officials to drag the institution of the legislature into needless controversies for political gains.”

According to the lawmaker, the fact that the lawmakers are empowered by the constitution to oversight government agencies “does not in any way mean we should do that with injurious intentions.”

He argued that the wisdom of the oversight duties in the Constitution was “not to engage in a bickering with the executive.”

We have no plan to cover up corruption – House

The statement further read partly, “At this point, I must also make it clear that the House of Representatives has no clandestine plans or motives to cover up any corrupt engagement or business of the government. But as rational and progressive members, we are indeed committed to our partnership with Buhari administration to fight corruption in all ramifications, and provide good governance.

“Consequently, it must be borne in mind that gone are those seasons when the legislative arm of government would be stampeded or used by the so-called opposition forces to discredit, undermine or malign our own government.

“The steps we have taken recently are with the best of intentions and in the best interest of the House. It is our hope that you would continue to help to sustain the tempo so that together, we can bring sanity and grace to the Legislature and to further salvage its institutions. “

Panel replies Amaechi, transport ministry, demands more documents

Meanwhile, before the leadership of the House suspended activities of the panels, the Committee on Treaties, Protocols and Agreements had written to the Ministry of Transportation, demanding details of Nigeria’s loan agreements with China from 2000 to 2020.

The committee’s chairman, Nicholas Ossai, had last week accused the Minister of Transportation, Rotimi Amaechi, of failing to provide most of the documents requested from the ministry.

The ministry replied Ossai in a letter dated August 18, 2020 and titled, ‘Re: Request for the Federal Ministry of Transportation to transmit to the National Assembly all signed bilateral loan agreements, financial investment agreements and Other Contractual Documents between Nigeria and China Since 2000 to Date. ‘

The letter by the Director of Legal Services for the Ministry of Transportation, partly read, “I am directed to refer to the proceedings at the public hearing of the committee held on Monday, August 17, 2020, and to your consequent directives to the Federal Ministry of Transportation to produce certain additional documents to assist the deliberations of the committee.

“Pursuant to the above, please find enclosed herein, the following documents for your consideration: 3 no Volumes of list of Nigerian employees engaged on the Lagos-Ibadan Rail Project (total 14,273).

“Expenses incurred on procuring major construction materials in the local market. Local procurement contracts (equipment and materials). Expenses incurred on purchasing vehicles and generators in the local market. Expenses on project insurance.,Works sub-contracted to local companies with list of the companies.

“Copy of Addendum No. 2 in respect of the Nigerian railway modernisation project dated 28th August 2012. Properly witnessed copy of Addendum No. 2C (extra works to Lagos-Ibadan segment) dated 23rd December, 2019.

“Copy of Circular No. SGF/OP/1/S.3/X/737 dated 11th August, 2014, from the Office of the Secretary to the Government of the Federation, titled ‘Protection of the Federal Government and Its Corporation from Foreign Enforcement Proceedings Arising from Contract or Arbitration in Foreign Jurisdictions.

“Schedule showing payments made thus far on the commercial agreements being implemented by the FMOT; a soft copy (flash drive) of China-linked project agreements being handled by the FMOT.”

Ossai had faulted the response by the ministry.

In a letter sighted by our correspondent, the committee wrote back to the ministry to demand more documents, which were expected to have been submitted on Friday last week.

The letter partly read, “Specific documents request from Federal Ministry of Transportation:

“Official documents of the power of attorney for the appointment of the borrower’s process agent on all loan agreements as prescribed in Appendix 7.

“Official confirmation letter by the appointed borrower’s process agents as prescribed in Appendix 8 of the loan agreements.

“Official copies of Attorney General of the Federation(’s) authorisation of the loan agreements. Copies of certificate of completion for completed projects.

“A copy of Federal Government circular with Reference Number SGF /OP/1/S.3/X/1737 dated 11th August, 2018, as sited in your contractual document of Addendum 3.1, Page 16, under the waiver of sovereign immunity clause and Addendum 3.2, Article 23, Page 16, etc.

“Copies of the bill of quantity of the commercial contracts. A list details of Nigerian employees engaged in other rail projects of the ministry. List details of Nigerian sub-contractors engaged in new rail projects of the ministry. Any other documents that may assist in the committee’s work.

“Please note that you are requested to submit 30 copies of each of these documents on each of the loan agreements to the secretariat of the committee by Friday the 21st day of August, 2020.”

…More Reps clash over probes’ suspension

In a related development, more members of the House on Monday disagreed over the probe by the House committee.

Two of them, Mark Gbillah (PDP) and Akin Alabi (APC), opposed themselves on Sunrise Daily, a breakfast current affairs programme by Channels Television.

The PUNCH had reported exclusively on Wednesday that crisis had hit the committee, with some members aggrieved with how the panel was handling the probe.

Gbillah said, “The main issue is the propriety or otherwise of that instruction. The House of Representatives is a constitutionally instituted body and it is not under the directive of any specific individual.

“So, when you look at that specific instruction that purportedly came from the leadership of the House, because it was sent via a letter from the Majority Leader, who, according to our Standing Orders, when it comes to committees, only liaises with chairmen and deputy chairmen of committees.”

While noting that Section 60 of the Constitution empowers the parliament to regulate its procedures, Gbillah said, “For the Speaker and the leadership to sit and by fiat issue a proclamation stopping committees from acting, in my opinion, and I think in legal parlance, the propriety of that decision is questionable because there is no provision in our laws that allows or gives the Speaker that power.”

Alabi, however, dismissed Gbillah’s claim as false. According to him, it is the tradition of the House not to have committee meetings and oversight visits during the recess.

He said, “The leadership thought that the wisest thing was to pause for a few weeks. We will soon get back into the House in a couple of weeks. So, there is no point having these scattered, not-put-together committee meetings and oversight engagements. Let us take a break, come back in September, and we will continue from there.”

https://punchng.com/500m-chinese-loan-already-approved-probe-unnecessary-reps/

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by helinues: 5:03am On Aug 25, 2020
Our reps just arrived from Pluto..

They missed when the loan was initiated and approved... grin wink

40 Likes 4 Shares

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Temitopemo6e6(m): 5:06am On Aug 25, 2020
last last na china go buy this country
na to japa comot for this country remain

27 Likes 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Nobody: 5:21am On Aug 25, 2020
Lol
Can we sell the corntree already?

3 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by uBuNiT: 5:25am On Aug 25, 2020
Collect loan jare, we need moni for post corona life

1 Like 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by AFvckingAlpha(m): 5:34am On Aug 25, 2020
The fvck

Niggarr!!

Reps don gock am! Too late!

Buhari and Amaechi have succeeded in selling Nigeria to the Chinese all in the name of development.

The Chinese have two oil blocks in the Niger-Delta in return for Mambila HEP project and the Lagos-Ibadan railway line. That one never do, yet, we are still borrowing more. E be things o!

Buhari wants to strangulate the future of our beloved country with the backing of the useless APC stalwarts. Bunch of nitwits.

China get sense o. Nigeria be like small pikin sha, and nah wetin small pikin like they kill am. No be only Nigeria sha, other african nations sef don sell their life to China. Sudan, Angola, Mozambique etc. To the Zimbabweans lusting after the modern railway In Nigeria, the good news is you still have your country, bad news is your country is still backwards. But don't fret, we are still in the same bracket " The Zero thinking countries crap countries" We just better una small.

Since Independence, Nigeria elites have stolen over $596b. Do the maths, if that money have been given back to the society in meaningful developments over the years, I bet over 50 million current poverty stricken folks would be lifted out of that mess and our youths would be engaged and nobody will be crying about fraud and one Nigerias' reputation in diaspora.

It is what it is. All our past leaders and current leaders have failed us. The bitter truth, the future ones will fail us, wise up!

Nothing is left again, this country is dead. Africas' giant my foot. The only giant I know is Burna.

I'd listen to Burna's Twice as tall album over and over again and smoke plenty of weed and drink lots of water than worrying myself over Nigeria matter anyday anytime everyday twice on weekdays.

Last last na to japa comot for this country. Survival of the fittest my people, our politicians are trying to survive by stealing our money.

All I'm doing is trying to survive as well. Abi na

40 Likes 2 Shares

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by frankputer: 5:34am On Aug 25, 2020
This is serious oo.
Loan everyday.

2 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by bewacharlie(m): 5:35am On Aug 25, 2020
grin grin
Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by ForeThinker: 5:36am On Aug 25, 2020
Doing the minister bidding abi..
Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by ossaisly(m): 5:37am On Aug 25, 2020
this govt is evil. Loan upon loan.

6 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by LawLab247: 5:37am On Aug 25, 2020
Wow
Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Ilerioluwa02: 5:37am On Aug 25, 2020
By the time these daddies are through with us ehn, nothing go remain.

3 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Orubebe01: 5:37am On Aug 25, 2020
grin grin grin

29 Likes 3 Shares

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Drakkernoir: 5:39am On Aug 25, 2020
That train service will be a very welcome development...Lagos is getting crazier by the day...if u no bash motor...them go bash u...

Life rate expectancy......55yrs

7 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by DatGirlasia(f): 5:40am On Aug 25, 2020
Ok
Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Risingblue008(m): 5:40am On Aug 25, 2020
They r secretly selling the country

7 Likes 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Yus2020: 5:40am On Aug 25, 2020
I told Nigerians they shouldn't expect anything good from Apc and Buhari government how on earth loans will be taken without the knowledge of the Rep.
Apc next level of looting,insecurity and poor economy upon the loans

3 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Cryptofxt10: 5:43am On Aug 25, 2020
money has changed hands

This long epistle just to prove a useless point.

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Bitwilky(m): 5:45am On Aug 25, 2020
...Nigeria is overwhelmed, Nigerians are overwhelmed, and I pray our next generation and that of our children will not be OUTRIGHTLY OVERWHELMED by the time they are told the story of Nigeria debt....

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Lifediary: 5:46am On Aug 25, 2020
“The steps we have taken recently are with the best of intentions and in the best interest of the House.

Herein lies the answer. The steps are not in the best interest of Nigerians.

3 Likes 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by tiger28: 5:47am On Aug 25, 2020
Awon Ole!!!!!
Does EVERYONE know that these LOANS are CARGOED IN CASH via plane into Nigeria FACT!!! These Loans don't go thru international banking system so there is ZERO accountability as to who is getting what as Egunje. Chinese loans are CARGOED via Aircraft...........Awon OLOSHI OLORIBURUKU!!!!

5 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by KenModi(m): 5:47am On Aug 25, 2020
Unserious country with foolish citizens.

4 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by MANNABBQGRILLS: 5:47am On Aug 25, 2020
The children of hate, frustration and perdition will never ever see this in their entire lives, cos they have been blinded by hate for our darling country.
And if they get to see this comment, that Jona borrowed most part of this loan from China.
They will go blind and mute without quoting as usual.

Number one characteristics of wailers : HYPOCRISY,
Number two is LYING!

SANE, HONEST AND HARDWORKING NIGERIANS, here you have the truth in details..........


THE LOAN HE’S TALKING ABOUT — THE KADUNA-ABUJA RAILWAY — WAS SIGNED BY THE PRESIDENT GOODLUCK JONATHAN GOVERNMENT.

“DON’T FORGET THAT WE TOLD THE WHOLE WORLD WHEN COMMISSIONING THAT PROJECT, THAT SOME PERCENT OF THAT PROJECT WAS EXECUTED BY PRESIDENT GOODLUCK JONATHAN’S GOVERNMENT.

THE LOAN WAS TAKEN BY PRESIDENT GOODLUCK JONATHAN’S GOVERNMENT, AND FOR THAT REASON WE HAD TO NAME THE TRAIN STATION AND INFRASTRUCTURE IN AGBOR AFTER PRESIDENT GOODLUCK JONATHAN’S GOVERNMENT FOR THAT LAUDABLE ACHIEVEMENT.”........... Minister of Transportation..... Amaechi

4 Likes 3 Shares

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by teamsynergy: 5:49am On Aug 25, 2020
Unfortunately the money will be looted and the poor masses will bear the brunt...

China is not father Xmas.

Sri lanka's Mahinda Rajapaksa. Hambantota Port comes to mind ..

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by money121(m): 5:54am On Aug 25, 2020
Ok
Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by oluwaSavage: 5:56am On Aug 25, 2020
Ahhhh Padi Padi Government people at it again
Were they asleep before it was rubber stamped sorry, Approved.
Money must have exchanged hands, most definitely.
You will only hear the rogues fight and rant if they are yet to benefit from the National chokoMilo


House of Rep kor, House of Dirt ni, I don't even know who they are representing exactly.

2 Likes

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by explosiveskull(m): 5:57am On Aug 25, 2020
Bye bye shocked la funds
This is the first news that is shocking both apc and pdp. Nobody is allotting blames to anyone, just flabbergasted and awkward. grin

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by stanisbaratheon: 5:58am On Aug 25, 2020
So the loan was not approved by the Reps and some scumbags in the house are still defending maladministration. I've always known that some of these lawmakers know nothing about the law they make.

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by Clean2016: 6:00am On Aug 25, 2020
AFvckingAlpha:
The fvck

Niggarr!!

Reps don gock am! Too late!

Buhari and Amaechi have succeeded in selling Nigeria to the Chinese all in the name of development.

The Chinese have two oil blocks in the Niger-Delta in return for Mambila HEP project and the Lagos-Ibadan railway line. Yet, we are still borrowing more.

Buhari wants to strangulate the future of our beloved country with the backing of the useless APC stalwarts.

China get sense o. Nigeria be like small pikin sha, and nah wetin small pikin like they kill am.

Since Independence, Nigeria elites have stolen over $596b. Do the maths, if that money have been given back to the society in meaningful developments over the years, I bet over 50 million current poverty stricken folks would be lifted out of that mess and our youths would be engaged and nobody will be crying about fraud and one Nigerias' reputation in diaspora.

It is what it is. All our past leaders and current leaders have failed us. The bitter truth, the future ones will fail us, wise up!

Nothing is left again, this country is dead. Africas' giant my foot. The only giant I know is Burna.

I'd listen to Burna's Twice as tall album over and over again and smoke plenty of weed and drink lots of water than worrying myself over Nigeria matter anyday anytime everyday twice on weekdays.

Last last na to japa comot for this country. Survival of the fittest my people, our politicians are trying to survive by stealing our money.

All I'm doing is trying to survive as well. Abi na



If they ask you for the oil block. Hope you will tell us

1 Like 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by AFvckingAlpha(m): 6:04am On Aug 25, 2020
Clean2016:



If they ask you for the oil block. Hope you will tell us

It is no secret, Mister!

Your not just informed. Go and sit down somewhere boy.

1 Like 1 Share

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by PAGAN9JA(m): 6:06am On Aug 25, 2020
We are officialy sold to the Chinese.

1 Like

Re: $500 Million Chinese Loan Already Approved, Probe Unnecessary - Reps by unclemaths(m): 6:21am On Aug 25, 2020
Crying over spilt milk..

1 Like

(1) (2) (3) (Reply)

Salami Panel Recommends Magu's Sack, Submits Report / Shaibu Suffers Blow As PDP Leaders From Edo North Endorse Ighodalo / Minimum Wage, Maximum Deceit And Moral Cowardice- Kperoogi

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 58
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.