{"id":26292,"date":"2020-08-05T14:04:16","date_gmt":"2020-08-05T14:04:16","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=26292"},"modified":"2020-08-05T14:04:16","modified_gmt":"2020-08-05T14:04:16","slug":"if-chinese-loan-was-toxic-why-did-you-approve-it-amaechi-hits-at-lawmakers","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=26292","title":{"rendered":"If Chinese loan was toxic, why did you approve it? Amaechi hits at lawmakers"},"content":{"rendered":"\n
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ar Malami.<\/p>\n\n\n\n

The House of Representatives had said last week it discovered contentious clauses in the commercial loan agreement between Nigeria and Export-Import Bank of China.<\/p>\n\n\n\n

The Chairman of the House Committee on Treaties and Agreements, Ossai Nicholas, who disclosed this at the plenary, said the clauses conceded Nigeria\u2019s sovereignty to China in the $400 million loan for the Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project, signed in 2018.<\/p>\n\n\n\n

In its response to the controversy generated by the matter, the Chinese government on Tuesday denied claims that it is taking over Nigeria\u2019s sovereignty in respect of the clause in the $500 million loan agreement with the country.<\/p>\n\n\n\n

The Chinese foreign ministry said the government had no such plan even if there was a default in the repayment of the loans.<\/p>\n\n\n\n

And\u00a0Amaechi<\/a>\u00a0and Malami insisted that Nigeria\u2019s sovereignty was not traded-off in the federal government\u2019s agreement with China as claimed by the lawmakers.<\/p>\n\n\n\n

They added that what Nigeria provided in the agreement was a commercial guarantee which was an international best practice.<\/p>\n\n\n\n

Amaechi said t Nigeria must learn how to pay her debts.<\/p>\n\n\n\n

He said: \u201cA sovereign nation is a sovereign nation, nobody can re-colonise us. We must learn to pay our debts and we are paying, and once you are paying, nobody will come and take any of your assets.\u201d<\/p>\n\n\n\n

\u201cIf the National Assembly<\/a> said we have signed out the sovereignty of our country, so why did they approve the loan? Didn\u2019t they see it before approving?\u201d<\/p>\n\n\n\n

In his contributions, the AGF said there is a difference between international diplomatic immunity, independent existence, and commercial immunity.<\/p>\n\n\n\n

He said: \u201cThere is a difference between international diplomatic immunity which has to do with a nation\u2019s sovereignty, independent existence and commercial immunity which has to do with a commitment to ensure repayment of loans.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

ar Malami. The House of Representatives had said last week it discovered contentious clauses in the commercial loan agreement between Nigeria and Export-Import Bank of China. The Chairman of the House Committee on Treaties and Agreements, Ossai Nicholas, who disclosed this at the plenary, said the clauses conceded Nigeria\u2019s sovereignty to China in the $400 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_mi_skip_tracking":false},"categories":[36],"tags":[],"yoast_head":"\nIf Chinese loan was toxic, why did you approve it? Amaechi hits at lawmakers » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=26292\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=26292#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Legislature\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=36\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"If Chinese loan was toxic, why did you approve it? Amaechi hits at lawmakers\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"If Chinese loan was toxic, why did you approve it? Amaechi hits at lawmakers » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=26292","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=26292#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Legislature","item":"https:\/\/watchdogplusmedia.com\/?cat=36"},{"@type":"ListItem","position":3,"name":"If Chinese loan was toxic, why did you approve it? Amaechi hits at lawmakers"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=36\" rel=\"category\">Legislature<\/a>","rttpg_excerpt":"ar Malami. The House of Representatives had said last week it discovered contentious clauses in the commercial loan agreement between Nigeria and Export-Import Bank of China. The Chairman of the House Committee on Treaties and Agreements, Ossai Nicholas, who disclosed this at the plenary, said the clauses conceded Nigeria\u2019s sovereignty to China in the $400…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/26292"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26292"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/26292\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}