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?”
Third Mainland Bridge: FRSC Thanks Motorists, Warns Against Reckless Driving
The Federal Road Safety Corps (FRSC) has appreciated the Lagos public for the maturity and patience exhibited while the closure of the Lagos Third Mainland Bridge for repairs, lasted.
In a statement signed by the Command’s Public Education Officer, Route Commander Olabisi Sonusi, and made available to PointBlank.ng, the Lagos Sector Commander, Olusegun Ogungbemide advised motorists to steer clear of reckless driving and other sundry recklessness associated with road safety.
The Bridge finally opened for use Saturday February 27, 2021 at 12noon.
The statement reads in part:
“You may recall that the repair work which commenced from 24th July, 2020 expected to be completed by January 2021 was delayed because of COVID-19 pandemic and the #EndSars unrest.
“We must say that the motoring public were so cooperative during the entire period the rehabilitation work lasted and this is commendable.
“It has become very imperative for us to enjoin motorists to avoid excessive speed, dangerous overtaking, disregard to lane discipline now that the most important bridge has been opened for use.
Ogungbemide urged motorists to drive defensively at all time on the bridge and other corridors within the state.
He thanked the Federal Government for the rehabilitation, and Governor Babajide Sanwo-Olu for his immense support for the Command during the period.
He also expressed delight in the final opening of the bridge and also appeal that motorists should always drive safe and stay safe at all times.
Ogungbemide aldo promised that the command would not relent in its determination and commitment to reduce road traffic crashes and fatalities in the state.
He also appreciated all the FRSC officers and men as well as other sister agencies who worked assiduously during the period of the rehabilitation on the bridge.
Mailafia Accuses Those Who Wanted Jonathan Out of Sponsoring Bandits
A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, says many of the bandits terrorising the country were sponsored by persons who wanted to push former President Goodluck Jonathan out of power at all cost.
Mailafia said this during an interview with The PUNCH on Thursday.
He said, “During the 2015 elections they brought in thousands of foreigners into this country, armed them because it was a case of if Goodluck Jonathan doesn’t surrender, there will be war. They were ready for civil war; they were not ready for peace.
“Of course, Jonathan handed over to them and then they turned their backs on the hoodlums and the hoodlums said ‘look, you brought us here and we are still here’.”
Mailafia, who was the Presidential candidate of the African Democratic Congress in the last election, said he was also convinced that some foreign powers were behind the bandits.
“There are certain world powers that want to destroy our country. That is what I believe. There was a container load of weapons that were brought in from Turkey. Another time some were brought in from Iran. But nobody probed further and everything was swept under the carpet and that was the end of it,” he said.
The former CBN deputy governor, who was last year invited by the Department of State Services and the police for saying that an unnamed northern governor was a Boko Haram commander, said the fact that other people have come out to say far worse but have not been invited, shows that he was unfairly targeted.
The former CBN deputy governor also disagreed with the approach of Sheikh Ahmad Gumi on the issue of amnesty for bandits.
Mailafia said it was wrong to offer such hoodlums amnesty and then make no provision for the victims, adding that they have no agenda other than to destroy.
He argued that appeasing the bandits would never work even as he said the Niger Delta militancy and the banditry ravaging the country are two different things.
“I do not believe that the Niger Delta militancy can be compared to the terrorists. These people (terrorists) are not even bandits. A bandit is a common thief or a brigand. The ‘agbero’ are bandits. These people carrying sophisticated weapons and rockets are not bandits. They are terrorists.
“They have killed, they have maimed, they have raped and they have wreaked havoc,” Mailafia said.
Zamfara Confirms Abduction, Says Security Operatives, Vigilantes in Pursuit of Abductors
The Zamfara State Government has confirmed the abduction of female students of Government Girls Secondary School, Jangebe in the Talata-Mafara Local Government Area of the state.
The confirmation was made by the Commissioner of Security and Home Affairs, Alhaji Abubakar Dauran in a brief interview with the News Agency of Nigeria in Gusau on Friday.
The abductors in their hundreds invaded the town and took away the students about 2 am.
“I can confirm to you now that we have sadly received the report on the abduction of the students of GGSS Jangebe and right now, I am on my way to the school.
“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.
A staff of the school who spoke to NAN on condition of anonymity said, “The gunmen in their hundreds invaded the town around 2 am on Friday, shot sporadically in the air to scare the residents before coming into the school.
“After taking away most of the students, we rounded up those that escaped or hid from the bandits and conducted a census where we counted 54 students and we are still searching to see if we can get more.”
Also, a resident who gave his name as Haliru Jangebe said the local vigilantes had tried to repel the invaders but were overpowered.
“The bandits were too many and they all seemed to be carrying heavy arms as we heard gunshots from all parts of the town and when the shots stopped, we heard that the students had been taken away.”