Featured
Probe of foreign loans could send wrong signal to lenders ― Amaechi
Amaechi made the observation at an investigative hearing organised by the House of Representatives Committee on Treaties, Protocols and Agreements in Abuja.
He said that the investigation could cause foreign partners to withdraw such loan facilities which have negative effect on Nigeria’s infrastructural development.
The minister said that he has raised the concerns over the ongoing investigation with the Speaker of the house, Rep. Femi Gbajabimila.
Amaechi explained that the hearing could stop the loan facility the Federal Government ”is seeking for the completion of the Lagos-Ibadan and Kano rail projects”.
He, however, recommended that the hearing should be shifted to December when the loan facility would have been acquired.
The Chairman of the committee, Rep. Nicholas Ossai (PDP-Delta) said that the committee is empowered to conduct overnight before, during or after loan facilities are acquired.
He said that the committee seeks to review all Nigeria’s bilateral loan agreement to ensure the country is not shortchanged.
NAN
-
Business3 days agoAn Open Appeal To The Gov. Of Bayelsa State, Sen. Diri Douye Regarding The Removal Of My Prominent Billboard On Azikoro Road, Near Ekeki Park.
-
Politics1 day agoBREAKING: Wike Faces Another Setback as PDP Rejects Controversial Calabar Congress Report
-
News4 days agoPolice have arrested three suspects who offered a pregnant woman N30 million to terminate her six-month-old fetus for a ritual in Niger State
-
Niger Delta3 days agoProphetic Warning: Primate Ayodele Cautions NDDC DG Ogbuku on Imminent Betrayal
-
Gist3 days agoA housewife in Bauchi has stabbed her husband to death during a dispute over child custody
-
Entertainment1 day ago‘I’ll Drop Your Son at Your Doorstep’ – Kenyan Woman Calls Out Cubana Chief Priest
-
Politics3 days agoTension in Osun: LG Workers Stand Their Ground, Defy APC’s Resumption Order
-
Crime3 days agoClose Call: Baby Kidnapping Attempt Blocked by Vigilant Residents