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NIGERIA SECURES 2BN USD 20yr LOAN FROM CHINA [Copy link] 中文

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Post time 2013-7-4 20:03:00 |Display all floors
OOOPPS!

Let's have a look at the details------not so good so far........stements from Nigeria's Minister of Power:


Only last week, the Minister of State for Power, Mr. Darius Ishaku, had queried the competence and integrity of two Chinese firms handling the 3,500-megawatt Mambilla hydropower project and the 700MW Zungeru hydropower project.

The two projects being handled by SINO Hydro and China Gezhouba Group Company Limited are also being financed by loans from China Exim Bank.

In a telephone interview with one of our correspondents, the President, Campaign for Democracy, Mrs. Joe Odumakin, said there was a need to scrutinise the deals with the Chinese firms, otherwise nothing would come out of them.

“We don’t know what kind of deals they are making with them. It is our leaders that are selling us. The Chinese firms have not been delivering in the past. People do all sorts of things and get away with it,” she said.


Whooops! Back door loans--through the Drive-Up window...how more up front and OPEN can this be.{:soso_e133:}

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