Thursday, September 24, 2020

Chinese Loan: Fani-Kayode rubbishes takeover talks by China, state how that can only happen

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Femi Fani-Kayode, the former Minister of Aviation says the purported rumor of Chinese taking over Nigeria sovereignty is a nonsense talk that is impossible. Fani-Kayode revealed that the Chinese can only take over Nigeria’s sovereignty through war which is unlikely to happen.

Femi Fani-Kayode comment on Chinese loans 5ominds 5ominds

The former Minister says the Chinese can takeover some of Nigeria’s assets if the country failed to repay the loans taking from the Chinese when it’s due.

“You cannot take over another country’s sovereignty without a war. They would have to kill us all first before they can take over our nation’s sovereignty &independence.

They would have to come here, conquer us by force of arms, remove our flag & raise theirs over our territory” according to Femi Fani-Kayode.

The Peoples Democratic Party, PDP chieftain also condemned the Federal Government for its penchant for taking loans, especially from the Chinese on countless times.

Fani-Kayode disagrees with Federal Government taking loans from China 5ominds 5ominds

” I am not a supporter of the taking of loans from China and I have always opposed it. I have consistently called on the buhari administration to stop taking such loans and the fact that they went ahead and did so on several occasions is disturbing and unacceptable” Fani-Kayode posits.

Nigerian has taken more than $30B loan from the Chinese Government since buhari got elected in 2015 and the latest one is the $22.7B Chinese loan that the country is awaiting its approval from China.

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The Federal Government says the $22.7B loan will be used to execute some key projects across the country when it is ready.

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Rotimi Amaechi during one of his loan seeking tour to China 5ominds 5ominds

Some ongoing infrastructural projects across Nigeria being financed by the Chinese project is the construction of Railway network across the country.

Last week, The National Assembly uncovered a clause that allows the Chinese to takeover Nigeria’s sovereignty if we failed to repay the loan at the agreed time.

Nigeria’s Minister of Transport, Rotimi Amaechi cautioned the lawmakers from probing the Chinese loans further as they might stop borrowing us.

Meanwhile, The Chinese Government has denied having any plan to takeover Nigeria’s sovereignty.

The Chinese are notorious for taking over nation’s asset if they failed to repay their loans and countries like Sri Lanka has lost some national asset to that agreement.

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