{"id":58762,"date":"2024-05-22T15:19:28","date_gmt":"2024-05-22T15:19:28","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/lomuro-oyet-clash-over-alleged-opaque-loan-deal-with-uaes-ruling-family"},"modified":"2024-05-22T15:45:26","modified_gmt":"2024-05-22T15:45:26","slug":"lomuro-oyet-clash-over-alleged-opaque-loan-deal-with-uaes-ruling-family","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/lomuro-oyet-clash-over-alleged-opaque-loan-deal-with-uaes-ruling-family","title":{"rendered":"Lomuro, Oyet clash over alleged opaque loan deal with UAE\u2019s ruling family"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Sudan. <\/strong><\/span>A fiery exchange erupted in South Sudan\u2019s parliament on Tuesday as lawmakers debated a reported multi-billion-dollar loan agreement with a UAE company.<\/p>\n<p>Oyet Nathaniel Peiriano, the first deputy speaker and deputy chair of the main opposition Sudan People\u2019s Liberation Movement-in-Opposition (SPLM-IO), pressed cabinet affairs minister, Martin Elia Lomuro, for clarification on the alleged deal.<\/p>\n<p>Earlier this month, a UN Panel of Experts report claimed a company linked to the UAE ruling family agreed to lend South Sudan $12.9 billion in exchange for oil.<\/p>\n<p>The deal, allegedly reached on the sidelines of the COP28 climate summit in Dubai, would see South Sudan repay the loan with oil priced below market value over twenty years.<\/p>\n<p>Oyet demanded transparency, arguing parliamentary approval is necessary for such loans to ensure accountability.<\/p>\n<p>\u201cWe are not against the government bailing itself out,\u201d Peiriano said. \u201cBut we need the right procedures. If you want to contract loans, come to the parliament to approve it.\u201d<\/p>\n<p>Lomuro dismissed the reports as \u201csocial media allegations\u201d and warned that discussing them could lead to legal repercussions.<\/p>\n<p>\u201cThis is a house of the people,\u201d Lomuro stated. \u201cYou cannot bring information on social media and reveal it here. Social media information is unverifiable, illegal, and can cost somebody a court case.\u201d<\/p>\n<p>Oyet countered by citing former finance minister Bak Barnaba\u2019s public statements about the deal.<\/p>\n<p>Lomuro then denied any cabinet knowledge of the loan agreement, suggesting it may have been an individual action by the former minister.<\/p>\n<p>\u201cA loan is processed through a cabinet,\u201d Lomuro said. \u201cI have no memo; I have no resolution talking about a loan. If the former minister talked about a loan, that is individual basis. Otherwise, there is no loan, there is no resolution, and there is no memo about the loan.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-sudan\">South-Sudan<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Sudan. A fiery exchange erupted in South Sudan\u2019s parliament on Tuesday as lawmakers debated a reported multi-billion-dollar loan agreement with a UAE company. Oyet Nathaniel Peiriano, the first deputy speaker and deputy chair of the main opposition Sudan People\u2019s Liberation Movement-in-Opposition (SPLM-IO), pressed cabinet affairs minister, Martin Elia Lomuro, for clarification on the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":58761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,265,233],"class_list":["post-58762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lomuro, Oyet clash over alleged opaque loan deal with UAE\u2019s ruling family - South Sudan<\/title>\n<meta name=\"description\" content=\"A 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