Skip to content

Amaechi Appeals to NASS to halts Probe of $500m Chinese Loans

Minister of Transportation, Rotimi Amaechi

Minister of Transportation Rotimi Amechi has said that the ongoing investigations of loans taken by the Federal Government could send the wrong signal to the lenders.

Amaechi made the observation at an investigative hearing organised by the House of Representatives Committee on Treaties, Protocols and Agreements in Abuja.

He said the investigation could cause foreign partners to withdraw such loan facilities which would have a negative effect on Nigeria’s infrastructural development.

The minister said that he has raised the concerns over the ongoing investigation with the Speaker of the House, Femi Gbajabimila.

Mr Amaechi explained that the hearing could stop the loan facility the Federal Government ”is seeking for the completion of the Lagos-Ibadan and Kano rail projects”.

He, however, recommended that the hearing should be shifted to December when the loan facility would have been acquired.

The Chairman of the committee, Nicholas Ossai (PDP-Delta) said the committee is empowered to conduct overnight before, during or after loan facilities are acquired.

He said the committee seeks to review all Nigeria’s bilateral loan agreement to ensure the country is not shortchanged.

SOLAKUTI

Categories

Uncategorized

Tags

Akewusolaf View All

Akewusolaf is an online Publication. I blog about News| Sports| Politics| Entertainment| Celebrity Gist| Health Tips| Gossip| Personality| Current Affairs| Quotes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: