masterflowx:

It's now advisable for all the Nigerians to starts looking for a good Chinese name because this country have already been sold by Bubu and APC.

Starting from today my name is "Chun Kun Lee".

and my own is wei shinhao

BREAKING NEWS.

It is finished.


Name of Country (Nigeria): NAGARUN
Capital of (Nigeria)- WAHUM. President- BUHA MOHAN CHONG. Minister of works- AMA CHONG.

teadrake:
By the time Chinese official storm Nigeria to obtain their loan, Nigeria will be sold off to the highest bidder. Bunch of very useless people

how so? there is nothing they can do other than to cut off diplomatic ties. to come here and claim land, them go talk where them dey when their mates dey claim land in the 1600s.

I wish all Nigerians can storm the streets and short down this country. This politicians are taken us for fools.

Celepope:
I don’t understand this whole charade by the NASS. I thought someone in the front page will intelligently ask this question but no it is the usual Buhari and politician insults as if that will solve the issue. My question is this: My little knowledge of congressional working tells me that whenever an international loan is to be taken, the Congress is supposed to be furnished with the details and the reasons of taking such a loan which will be deliberated upon and then put into a simple voice vote. How come they missed all the specifics and voted for in favor of its approval and then turn back to still question what they wasted hours in deliberating and even forwarded to a subcommittee for further deliberation before final discussion in the house and approval. Something isn’t right somewhere. It’s either these men and women in NASS hurriedly pass the approval of the loan request made by the Executive without reading the specifics or in their usual fashion they collected money for it to scale through without bothering about the specifics and now some members who didn’t partake in the “lobbied funds” are now asking questions. In a saner clime this can cause the initiation of impeachment proceedings against the President but it seems the latter seems to be the case that’s why NASS hasn’t even called for an emergency section and public inquiry on the issue as serious as this. This shouldn’t be an APC or PDP or even Buhari regime thing but something in which the masses should be asking questions but instead it has resulted into the usual General Buhari regime bashing thereby giving these guys an escape route on the matter on ground while we are all overtaken by new events soon.

In case you didn't read the entire article, this was clearly stated there:

“From our experience, the MDAs sign these commercial agreements in billions of dollars, then go the President and Federal Executive Council for approval to execute including securing loan facilities through Ministry of Finance and Debt Management Office (DMO) and then proceed to negotiate the terms of these loans before coming back to Mr. President who then writes the National Assembly asking for approval for billions of dollars to do projects without attaching the negotiated loan and commercial contracts agreements details.

People just can't be running this country as if they own it. Before any loan can be approved all the necessary parties concerned must have gone through it and then consented.

If anything contrary is the case that is fraud and so all the loan repayment must be passed onto the person who single handedly signed. The youths are not ready to bear any meaningless loan repayment entered into by one man. Haba, why do we have government.

Abaribe disagrees with Lawan over $22.7bn Buhari’s loan request


Minority leader of the Senate,Senator Enyinnaya Abaribe on Thursday engaged the President of the Senate, Ahmad Lawan, in a serious altercation over the $22.7 billion foreign loan request by President Muhammadu Buhari.

However,despite the sharp disagreement that created a rowdy session in the apex legislative chamber, the lawmakers went ahead and approved the loan, promising to ensure that the fund was judiciously applied to the various projects, for which it was being borrowed.

Meanwhile, disagreement broke between the two principal officers following the Presentation of the report on the loan request by the Chairman of the Senate Committee on Local and Foreign Loans, Senator Clifford Ordia.

The bone of contention was that Ordia submitted the report without the details of the projects to be funded with the money requested for by President Buhari.

However, the Leader of the Peoples Democratic Party (PDP), the major opposition party in the Chamber, decided not to look away from the lacuna, as he drew the attention of his colleagues to the matter, and sought for a thorough scrutiny of the document.

Buhari had earlier requested the sum of $29.96bn for his administration for approval from the 8th National Assembly but the Senate, under the leadership of Bukola Saraki as President of the Senate, turned down the request because the President did not attach details of the projects and financial allocations to his letter of request.

President Buhari, however, represented the request to the 9th Senate last December but was reduced to $22.7 billion, clarifying that the Eighth National Assembly actually approved about $6 billion out of the total amount requested.

During the consideration of the report yesterday, however, Abaribe, had raised a point of order to draw the attention of the Senate to the lack of attachment of details of projects and fund allocations in the report, thereby urging the President of the Senate to allow for item by item consideration of the loan request.

Not comfortable with Abaribe’s request, Lawan turned down his suggestion, saying that the report of the Committee should not be subjected to debate, according to the rules of the Senate.

The position of Lawan, did not however, go down well with the Minority Leader, who cautioned that it would be injurious to the country’s economy, for the Senate to approve the loan without proper scrutiny.

Below is the altercation between Lawan and Abaribe:

Abaribe: “my point of order is based on loan approval of $22.7 billion and we who are going to pay back that are making effort to make sure that this is clarified and Mr President, you are not giving us the privilege to make our points known. I don’t see what is difficult for us ….

Lawan: “where is your privilege? You cited Order 43, which privilege was not given to you?

Abaribe: “my privilege Mr President, I was calling for point of Order to point out this thing to you…

Lawan: “haven’t I given you that privilege. You raised a point of order 43, you didn’t tell me what you are going to raise and I said I denied you because that is what the standing order says.

“You are supposed to tell me what the point of order is in details; you didn’t even tell me the synopsis of that order. I didn’t even know what that order is. So, I denied you that but before then you…..Minority leader, you know all the process here more than anybody else.

“You have not been denied your privileges. In fact, the Minority leader has had more than a fair share in this respect….

Abaribe: “all I wanted to say which is the feelings on this floor is that you don’t want us to say our minds on this issue. The general feeling is that there are some aspects of this loan that we must have to vote on to decide whether they are in our interest or not, and the Senate leader has even confirmed it by saying that all he wants….
“All I am saying is that we are the ones that will raise our economy; we have some issues with certain things inside here. The reason why committees come to the general house is so that we can make our inputs into it.

“Now we want to make our inputs and we are being shut out. We are been pushed to pass the report or not pass it but what we are saying is that for economy of this country..

Lawan interjected again saying: “Minority leader, I don’t want this debate to generate controversy please. We shouldn’t allow it to generate into partisanship. This is for our country and I want to say that you raised your hand on a number of occasions and the only one I denied you was when you came under 43; and order 25 says that I interpret the rules and you supposed to have discussed this with me, and there wasn’t any effort to muzzle you.

“Nobody is stopping you from voting what you want and if you have any explanation to guide us to process this report, we don’t have any reason to degenerate into partisanship”.

When Lawan and Abaribe maintained their different dispositions towards the report, it provoked serious tension, as senators resorted to partisanship in their interventions.

At this point, Senator Gabriel Suswan (PDP, Benue State), asked the President of the Senate to quickly call for an executive session, to enable the senators resolve the matter in-house, without washing their dirty leanings in public.

The Majority Leader of the Senate, Yahaya Abdullahi (APC, Kebbi), immediately bought Suswan’s suggestion, and moved the motion for the Chamber to go into executive session, where the lawmakers resolved their differences.

In his remarks after the passage of the loan request, Lawan said that the Senate would ensure strict monitoring of how the fund was utilised.

His words: “we must follow very strictly how this money is expended by the Executive arm of government in funding the projects.

“We must ensure that no single dollar or cent is spent on any other thing outside of what has been indicated here and we pray that this loan will turn around the economy of Nigeria.

“It is our belief that this loan by itself will definitely have some positive influence on the GDP of this country and therefore, we want to assure Nigerians that as a chamber of the National Assembly, we will be responsible, we will ensure to be always available to ensure that no funds approved here are utilized for something else or used in very uneconomic and un prudent manner. This our responsibility and we must ensure that we do that.”

AFONJAPIG:
I must go to the bank by tomorrow and withdraw every Penny in there before Buhari might wake up tomorrow and Say we must forfeit our savings just to service uncountable loans be borrowed from everywhere... Which kind people be this self ..... AFONJA ABI UNAH DON SEE AS PEOPLE UNAH CONSIDERED AS UNAH BEST COME DEY ENSLAVE UNAH WITH SENSELESS BORROWING



Wiseness of Afonja is Foolishness of omo onye igbo

You are mad and very stupid. So Amaechi and Buhari now Afonja? Or is Afonja that send the bitch clueless tall for nothing bollocks and the Chief bastard of Niged Delta to go and signed dead end contract?

You idiot shouting Afonja but in Bayelsa today they troop out to celebrate Duoye sack and want apc as their governor or is Bayelsa now the capital of Osun?

Otti that want to liberate Abia is from.Ondo state nah? Ngige, Onu, hopeless Nzodinma, prisoner Kalu are from Ibadan nah?

I repeat you are mad better get lost here.

Aksnoopy:
Bro can we talk business? I need a naija used Camry 2004-2006.

I only have two tokunbo Camrys and matrix..

Why not buy tokunbo?.

masterflowx:

It's now advisable for all the Nigerians to starts looking for a good Chinese name because this country have already been sold by Bubu and APC.

Starting from today my name is "Chun Kun Lee".

Hian , wetin person no go read for Nairaland.com

Things dey for this country.

#ThankYouBuhari

Okuda:


how so? there is nothing they can do other than to cut off diplomatic ties. to come here and claim land, them go talk where them dey when their mates dey claim land in the 1600s.

Lol... Guy did you see the threat Chinese government gave Zimbabwean president? Military action!!! If our government fail to meet up with the terms and conditions of the loan, Nigeria will automatically belongs to China. And if we try to play smart they will use military actions and force to claim Nigeria.

Okuda:


how so? there is nothing they can do other than to cut off diplomatic ties. to come here and claim land, them go talk where them dey when their mates dey claim land in the 1600s.

Sir, did you go through the terms and agreement of the loan as stated by Hon. Minister of transportation himself?? The clause attached to the loan agreement established that if we fail to pay back the loan at the stipulated time, Chinese authority has every right to seize everything. This is no joke

Jehovah!!!
So some group of pple signed a document without terms and conditions..
What kind of desperacy is that?...

Every time these fools (Automated People's Criminal) are quizzed about how monies or contracts are been spent or signed under their watch, they quickly refer to the Jonathan government in comparison in order to shift the blame from them. Criminals in power!

Scammer. That was how u aderticed and blocked me after payment.

We just sitdown they look them like mumu

dre11:

° uncovers $33 billion contract without clear cut terms

° We have no such contract, say Amaechi




SOURCE

Femi Gbajabiamila is doing the work of his master Tinubu to dampen Amaechis quest for Presidency in 2023!

I can not blame my man Amaechi, he happens to take after Okotie Eboh dem. No be today our leaders don dey sell us out for personal profit.

The biggest joke is on all those fools coming here to praise some of these projects without asking the actual cost.

Well if you can read, you are seeing the real cost for a locomotive railroad project. Technology that has been mastered as far back as the early 20th century and has since been confined to museums in first world countries.

This is how far we have fallen.

teadrake:

Sir, did you go through the terms and agreement of the loan as stated by Hon. Minister of transportation himself?? The clause attached to the loan agreement established that if we fail to pay back the loan at the stipulated time, Chinese authority has every right to seize everything. This is no joke

Oga them no dey sieze anything! anyway na the time wey youths suppose storm aso rock force Buhari to resign but una dey here dey analyze the loan package
kwantinue oo. me i no kuku dey suffer una suffer.

shadelek:
This is the worst administration Nigeria had ever produced.
Corruption under Buhari is more than 10 times that of Jonathan. With Buhari in power, looting has been made very easy

Wailer.... what about the 16 years of PDP rule

Abeg BUBU is the best thing that ever happened to Nigeria

Next level!!!

Sha keep on lying you hear.

all liar shall go to hell.

APC don spoil Nigeria oooo.

God help us

No Ata what they discovers "zombies" would still vote APC

Reference:


Why pretend as if you were not in the country when the Senate President brow beat all his colleagues into saying aye when it was clear quite a number disapproved.

Were you not here when the Senate President 'vowed' to approve any paper that came to the Upper House from the Executive tagged 'Economic Development' then asking questions later. Were you not here when he threw shades at his predecessor SP Bukoka Saraki as being the architect of Mr. President's lack of impetus his first term.

Where you not in Nigeria when the APC media onslaught threatened anyone who opposed wanton approvals and ridiculous rubber stamping as an 'economic saboteur'.

What I and other well meaning citizens find absolutely irritating in all these insinuations by folks like you is that we were damned in stating our reservations and are now damned for not doing anything to oppose these treacherous folks in goverment hell bent in ruining this country. It is not fair and we do not deserve to suffer for what we warned about day in day out.

Like it or not, hindsight or not. In just two years Bukola Saraki has proven to be a far, far better Senate President than the absolute failure we have there right now who cannot discern between his duties to Nigeria and the institution he heads and his loyalty to one single individual in the Presidency.

He has forgotten that he is called a President. A very weighty title the failure of which aptly describes the mess we are in. A Senate President who doesn't recognise his status of and the responsibility to the people it connotes is useless to democracy.

Stop making baseless insinuation because you don’t know me. What warranted such statement? “Where you not in Nigeria” and “ What I and other well meaning citizens find absolutely irritating in all these insinuations by folks like you is that we were damned in stating our reservations“ I have been away from the country for almost a decade during this period in question so direct your frustrations to someone else buddy.

masterflowx:

It's now advisable for all the Nigerians to starts looking for a good Chinese name because this country have already been sold by Bubu and APC.

Starting from today my name is "Chun Kun Lee".

Lol.hahahahahaha

Mumu Nigerians, instead of u to join and revolt. You are here talking trash.

U think say na to comment on nairaland be the solution

Daft people

Mumu

Bobbyfreshh:

That means you know nothing about China.
Same China that are already taking over Zambia assets

Nigeria is not Zambia.

Some of these stupid PDP national Assembly members always talk as if those listening to them are as empty as they were for 16 years they wasted our resources in the name of ruling this country. You can imaging saying that the federal government signed an empty paper. Must everything be reduced to playing dirty politics? What sort of nonsense talk is that? They should go and sit down.

Again, some bloggers should stop lending themselves to ridicule. How can you say the house of Reps said? Whereas it was some members of the opposition that said.

This is very disturbing

And people are going n.aked in Bayelsa for failed ATTEMPT to steal the state. APC is a DEMONIC CULT THAT BE KILLED. Nigerians WILL DO it soo SOON. THE WORLD IS ABOUT TO CHANGE FOR GOOD