Nigerian Officials Signed Loan Documents Written In Chinese Language – Reps Member, Ben Ibakpa Alleges (Video)

May 16, 2020
44 Views
Ben Ibakpa

Reps member, Ben Ibakpa

A member of the House of Representatives representing Ethiope Federal Constituency, Ben Ibakpa has alleged that some Nigerian officials signed loan documents from China written in the Chinese language.

The lawmaker disclosed this while appearing on Channels Television’s Sunrise Daily programme.

Ibakpa who stated that the National Assembly is not carried along when the executive takes loans from China, further pointed out that the loan documents are not critically evaluated before being signed. He also averred most of the contracts executed by the Chinese firms in the country are overpriced. 

The Delta-born lawmaker maintained that the Buhari-led administration which campaigned with an anti-corruption mantra, should do better in checking these loans as corruption is fueled by awarding of contracts.

He said:

“The national assembly was 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.

“From what we have seen from other countries, the Chinese loans are overpriced and these people are very corrupt. 

“Some of these agreements that are signed, they come in Chinese language.”

Here is the video below:

You may be interested

AY, Mabel Makun celebrate 12th wedding anniversary
News
2 views
News
2 views

AY, Mabel Makun celebrate 12th wedding anniversary

Webby - November 29, 2020

<!-- --> AY and his wife, Mabel By Nimot Adetola Sulaimon Nigerian comedian, actor and movie producer Ayodeji Richard Makun…

#EndSars: Lagos judicial panel receives 210 petitions
News
1 views
News
1 views

#EndSars: Lagos judicial panel receives 210 petitions

Webby - November 29, 2020

<!-- Lagos Judicial Panel: --> Lagos Judicial Panel: By Muhaimin Olowoporoku The Lagos State judicial panel on restitution for victims…

Rema, Seun Fakorede, Sam Adeyemi, others win The Future Awards Africa
News
2 views
News
2 views

Rema, Seun Fakorede, Sam Adeyemi, others win The Future Awards Africa

Webby - November 29, 2020

<!-- The Future Awards Africa PHOTO: Guardian.ng --> The Future Awards Africa 2020 winners By Taiwo Okanlawon The Future Awards…

Leave a Comment

Your email address will not be published.