Reps Move To Review Chinese Loan Agreements
The House of Representatives has 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 newsmen.
He said the House generally is concerned about the loan agreement and they are reviewing all the terms and conditions to know what they are like . He added that the reviewing about all loans and agreements .
Recall that 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 .
However, 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 .
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 .