Loan Agreements: Reps Uncover Clauses Conceding Nigeria’s Sovereignty To China

House of Representatives have raised an alarm over clauses conceding Nigeria’s sovereignty to China in a 2018 loan agreement. The clause described as “lethal” by the panel is in article 8(1) of the commercial loan agreement between Nigeria and Export-Import Bank of China. The $400 million loan was obtained for Galaxy Backbone, federal government’s information […]

The post Loan Agreements: Reps Uncover Clauses Conceding Nigeria’s Sovereignty To China appeared first on MojiDelano.Com.

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