Nigeria

Nigeria Signing Loan Documents Written In Chinese, Reps. Member Says

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A member of the House of Representatives, , says some loan documents signed by Nigerian Officials are written in Chinese language.

Nigeria Signing Loan Documents Written In Chinese, Reps. Members Says
Nigeria Signing Loan Documents Written In Chinese, Reps. Members Says

He made the claim while speaking on Channels Television ‘Sunrise Daily’ on Thursday.

Ibakpa said that some Nigerian officials do not critically look into the loan documents before signing, adding that, “Some of these documents come in the Chinese language”

According to the member representing Ethiope Federal Constituency, the National Assembly has been kept in the dark before now concerning the Chinese loans.

“The national assembly is kept in the dark in all these loans. The National Assembly is not part of it. Even the Bureau for Public Procurement is not aware of these loans.

“These loans are collected via the China Civil Engineering Construction Corporation (CCECC). They bring a bill, the Federal executive approves the bill,” the lawmaker said.

He said the present administration having campaigned with an anti-corruption mantra should do better in checking these loans as corruption is fueled by awarding of contracts.

While admitting that the National Assembly may not have done the right thing over the years, he added that whatever has been done in the past that it is not correct, needs to be corrected.

Speaking concerning the 2020 budget, Ibakpa said little is known about how the money is being spent.

“We are taking about over N2 trillion appropriated for debt servicing. We appropriate and we don’t know how this money is being spent. That is we need to look into what has been happening since 2002.”

Adelowo Adegboyega
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