{"id":28162,"date":"2020-08-02T15:58:25","date_gmt":"2020-08-02T15:58:25","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=28162"},"modified":"2020-08-02T15:58:25","modified_gmt":"2020-08-02T15:58:25","slug":"chinese-loans-amaechi-advised-to-step-aside","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside","title":{"rendered":"Chinese loans: Amaechi advised to step aside"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

The Conference of Nigeria Political Parties (CNPP) has demanded that the Minister of Transportation, Rotimi Amaechi should immediately step aside.<\/p>\n

The body based its call on the probe of the alleged lethal clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China.<\/p>\n

The agreement allegedly \u201cwills the sovereignty of Nigeria\u201d in the $400 million loan for the Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project, signed in 2018.<\/p>\n

The People\u2019s Democratic Party (PDP) has raised the alarm over the loan.<\/p>\n

On Sunday, CNPP Secretary General, Willy Ezugwu, commended the Chairman House Committee on Treaties and Agreements, Nicholas Ossai \u201cfor observing the anomaly and not succumbing to the Minister\u2019s antics aimed at truncating the probe.\u201d<\/p>\n

He frowned at the attempt by the Minister to stop the investigative hearing into some of the agreements signed between Nigeria and China while responding to various questions on the ongoing modernization of railway projects being implemented by his ministry.<\/p>\n

\u201cWe are aware that the Minister is expected to appear again before the House of Representatives on 17th August, 2020, over the ongoing investigation into the commercial loan agreement signed between Nigeria and Export-Import Bank of China to the tune of $5.3 billion.<\/p>\n

\u201cFor us, for Mr. Rotimi Amaechi to urge the House Committee not to investigate the terms of the loans being received by the federal government because he believed that the probe will jeopardize the chances of the country getting further loans is nothing but a cover up attempt that must be strongly resisted.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: The Conference of Nigeria Political Parties (CNPP) has demanded that the Minister of Transportation, Rotimi Amaechi should immediately step aside. The body based its call on the probe of the alleged lethal clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China. The agreement allegedly \u201cwills […]<\/p>\n","protected":false},"author":62,"featured_media":2224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[250,65],"class_list":["post-28162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-amaechi","tag-pdp"],"yoast_head":"\nChinese loans: Amaechi advised to step aside - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:The Conference of Nigeria Political Parties (CNPP) has demanded that the Minister of Transportation, Rotimi Amaechi should immediately\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese loans: Amaechi advised to step aside\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:The Conference of Nigeria Political Parties (CNPP) has demanded that the Minister of Transportation, Rotimi Amaechi should immediately\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-02T15:58:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/Amaechi-Umana-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"322\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Chinese loans: Amaechi advised to step aside\",\"datePublished\":\"2020-08-02T15:58:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\"},\"wordCount\":267,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/upload\/sites\/3\/2019\/01\/Amaechi-Umana-2.jpg\",\"keywords\":[\"Amaechi\",\"PDP\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/chinese-loans-amaechi-advised-to-step-aside\",\"name\":\"Chinese loans: Amaechi advised to step aside - 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