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Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? - Politics - Nairaland

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Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by Electorate: 4:42pm On Jul 22
This revelation is mind boggling and should be investigated by the friends of Nigeria and patriots of Nigeria still alive...Why would a citizen do this to his country and love seeing his people suffer when they shouldn't at all?

The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request.

On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representatives Committee on Women Affairs and Social Development was averted at the National Assembly Complex, Abuja, where the minister had appeared to clarify the controversy surrounding her alleged diversion of N1.5 billion meant for the payment of contractors by officials of the ministry.

[b] But speaking with THISDAY through a phone interview, the minister said that “There is a $500 million loan that was meant to be signed by me, but I refused to sign. There was also a case of $100 million earlier as well. Find out what it was meant for.

“All the loans they collect, including World Bank loans, etc, are you aware that the same World Bank staff in Nigeria takes back 40 per cent and calls it consultation fees?

“These are things you people should look into. You people should focus on where the problem is and let them leave me alone.”

She added: “Now, my life is at stake because I refused to sign the $500 million loan. Let me tell you, if I sign that loan today, I am entitled to five per cent of the money, but I refused to sign it. It is part of why the National Assembly and all of them are after me.

“And that 40 per cent they take is a secret, I found it out. Why should anybody give us a loan and you still direct us how to use the loan, and you take 40 per cent and provide us with a consultant that will take it, and they will take it?

“I told them $100 million is too much to use to teach our women how to save money, we can teach them, let them bring the $100 million and give it to those women and use it to know what to do with their lives."


https://dailytrust.com/tinubus-minister-national-assembly-victimising-me-for-refusing-to-sign-dubious-500m-loan/

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Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by PresidObi: 4:43pm On Jul 22
Ok

The woman tried.

3 Likes

Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by Electorate: 4:44pm On Jul 22
Anybody happy with this development is a confirmed enemy of Nigeria

1 Like

Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by TemplarLandry: 4:44pm On Jul 22
Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by MrBrownJay1(m): 5:52pm On Jul 22
thats the way they make sure Nigeria is a garbage dump and people are living on their knees...

2 Likes

Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by DMerciful(m): 7:40pm On Jul 22
Imagine a minister entitled to 5% while the world Bank consultant gets 40%. Even getting 10% is enough reason to keep giving corrupt government loans
Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by SUFFERInSMILIIN(m): 8:28pm On Jul 22
Electorate:
This revelation is mind boggling and should be investigated by the friends of Nigeria and patriots of Nigeria still alive...Why would a citizen do this to his country and love seeing his people suffer when they shouldn't at all?

The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request.

On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representatives Committee on Women Affairs and Social Development was averted at the National Assembly Complex, Abuja, where the minister had appeared to clarify the controversy surrounding her alleged diversion of N1.5 billion meant for the payment of contractors by officials of the ministry.

[b] But speaking with THISDAY through a phone interview, the minister said that “There is a $500 million loan that was meant to be signed by me, but I refused to sign. There was also a case of $100 million earlier as well. Find out what it was meant for.

“All the loans they collect, including World Bank loans, etc, are you aware that the same World Bank staff in Nigeria takes back 40 per cent and calls it consultation fees?

“These are things you people should look into. You people should focus on where the problem is and let them leave me alone.”

She added: “Now, my life is at stake because I refused to sign the $500 million loan. Let me tell you, if I sign that loan today, I am entitled to five per cent of the money, but I refused to sign it. It is part of why the National Assembly and all of them are after me.

“And that 40 per cent they take is a secret, I found it out. Why should anybody give us a loan and you still direct us how to use the loan, and you take 40 per cent and provide us with a consultant that will take it, and they will take it?

“I told them $100 million is too much to use to teach our women how to save money, we can teach them, let them bring the $100 million and give it to those women and use it to know what to do with their lives."


https://dailytrust.com/tinubus-minister-national-assembly-victimising-me-for-refusing-to-sign-dubious-500m-loan/

when did borrow you money they turn you into a slave after they borrow you more money and turn you into a beggar next thing they borrow you more money and tell you into an illiterate like Nigerians today. please can you tell me what is not better for the develop world when in 2023 we lost 480 US dollar millionaires to 8 countries in the world. 90% of Nigeria's loans do not come to the Country it is used to buy British American and European companies which are in debts abroad.

Nigeria is a nation of illiterate once they vote for their criminal even in the develop world it's all right they can suffer the rest of lives with their children stuck illiterate which belief they are educated
Re: Is This Why World Bank Loves Giving Nigeria Loan Despite Our Economic Woes? by GreenxGreen: 8:35pm On Jul 22
To keep Nigeria permanently in the ICU of IMF - World Bank Economic Hospital 🏥🏥🏥

1 Like

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