Headlines
Reps Insist on Reviewing Chinese, Other Loan Agreements
The House of Representatives on Sunday said it would review all loan agreements and conditions signed by the Federal Government.
The Vice-Chairman of the House Committee on Aid, Loans and Debt Management, Mr Chris Azubogu, stated this in an interview with one of our correspondents in Abuja, just as the Lagos Chamber of Commerce and Industry as well as the Manufacturers Association of Nigeria supported the investigation by the lawmakers into Chinese loans.
The House Committee on Treaties, Protocols and Agreements had on Tuesday last week begun an investigation into the loans taken by the country.
The committee raised the alarm over loan agreements Nigeria signed with China. The lawmakers said the agreement might force Nigeria to concede its sovereignty to the Asian country if the loans were not paid back.
But the Minister of Transportation, Rotimi Amaechi, who appeared before the committee, asked the lawmakers to stop the investigation into the Chinese loans.
He said the probe would send a wrong signal to China, which could stop the loans, thereby thwarting the nation’s rail projects.
The Vice-Chairman of the Committee on Aid, Loans and Debt Management, Mr Chris Azubogu, in the interview with The PUNCH, said, “The House generally is concerned. We are reviewing all the terms and conditions to know what they are like. The House is reviewing all loans and agreements.”
Also, a member of the Treaties, Protocols and Agreements, who spoke on condition of anonymity, stated that the lawmakers would not back down on the probe.
The lawmaker asked, “Do you agree that more money (loans) should be taken when the former (previous) ones that had been taken have not been accounted for? You want transparency and you are taking loans, and we are saying ‘give us transparency.’
“If you are taking a loan for a particular project, can the project pay back the loan? We are in a capitalist economy and in that economy, we should be able to know that if we invest the money, the project should be able to pay back the loan invested. That is what informed the loans we are looking at.
“Then, what are the stringent conditions attached to the loans? If we are not able to pay back the loans, what will be the consequences? These are key legal issues. We are looking at the entire template holistically. If you are taking loans, did you abide by the Nigerian content laws which say that our instruments should be considered first before considering importation?”
The Punch
US President, Donald Trump, has ordered the Pentagon – headquarters of the United States Department of Defense – to prioritize the protection of Christians targeted by ISIS terrorists in Nigeria.
U.S. Secretary of War, Pete Hegseth, disclosed this on Wednesday while stressing that the mission has quietly led to the killing of ISIS’ second-in-command in Nigeria.
Speaking during a cabinet meeting chaired by President Trump at the White House, Hegseth said:
“To give you a sense of how committed this president is (referring to President Trump), maybe, a year ago, he heard the call of Nigerian Christians who are being targeted and killed by ISIS in Nigeria.
“He said, Pete, I want the war department to focus on ensuring that we do whatever we can to protect those Christians”.
He further said: “Partnerships like that can take some time behind the scenes, but he never wavered on it. We got the assets there over the last month. There has not been much coverage of this”.
He added that U.S. intelligence gathered during the operation helped lead to the deaths of “hundreds” of ISIS fighters tied to attacks on Christians and threats against the U.S. homeland.
“We killed ISIS’ number two in Nigeria, who is most responsible for killing Christians and trying to target U.S. homeland.
“There’s a lot of things we do that the media pays attention to, and a lot of things that the president empowers the Department to do on behalf of the American people, that he deserves great credit for,” Hegseth concluded.
Controversial social media activist, Martins Vincent Otse aka VeryDarkMan (VDM), has reacted strongly to allegations surrounding the circulation of an alleged audio involving President Bola Ahmed Tinubu.
VDM spoke in a lengthy video posted on social media after comments credited to presidential spokesperson, Bayo Onanuga, accused him of disseminating a fake audio related to the President.
In the video, VDM claimed he began receiving several calls warning him not to return to Nigeria following the controversy surrounding the audio clip.
According to him, some associates advised him to remain abroad over fears that he could be arrested upon his return to the country.
Reacting to the development, VDM denied any wrongdoing and insisted that he had the constitutional right to criticise the government and comment on national issues.
He accused government officials of paying more attention to critics on social media instead of addressing pressing security challenges confronting the country.
The activist also criticised the Federal government over insecurity, kidnappings and economic hardship, arguing that Nigerians were facing difficult living conditions across the country.
VDM further alleged that some individuals were attempting to create a narrative to justify possible actions against him because of his criticism of the administration.
He maintained that he would continue speaking on issues affecting Nigerians, particularly insecurity and governance.
During the emotional video, the social commentator repeatedly questioned why government officials were allegedly more vocal about online controversies than incidents of bandit attacks and kidnappings.
He also urged Nigerians to participate actively in the 2027 general elections, insisting that citizens must make decisions based on the performance of political leaders.
The controversy followed comments attributed to Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy, who reportedly stated that VDM should “face the weight of the law” over the alleged circulation of fake audio involving the President.
As of the time of filing this report, there was no official confirmation from security agencies regarding any planned action against the activist.
By Eric Elezuo
Former Vice President Atiku Abubakar has been declared winner of the presidential primary of the African Democratic Congress (ADC).
The declaration was made at the Trascorp Hilton Hotel, where the final collation of results was made.
The former Vice President polled a total of 1, 846, 370 votes to defeat his closest rival, former Governor of Rivers State, Hon Rotimi Amaechi, who scored just over 500 thousand votes. Alhaji Muhammed Hayatu-Deen came third.
