Prominent Nigerians Warn World Bank, IMF, EU And Other Countries To Lend Nigeria | The Guardian Nigeria News

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World Bank building

Say the nation is now a controversial project with dubious sovereignty
Eminent statesmen and thought leaders yesterday warned the international community against lending to the Nigerian government, saying Nigeria is now a country of dubious sovereignty.

129 Nigerians have signed the Constitutional Force Majeure (CFM), promulgated on December 16, 2020 in the 1999 Nigerian Constitution.

Among the leaders are the former military vice president of Nigeria, Commodore Ebitu Ukive (retired), the former governor of the Plateau state John Jang, renowned historian and Senate member of the Second Republic Bungee Akintoye; former general president Ohanaese Ndigbo, chieftain Nniya Nwodo; respected university don, professor Yusuf Turaki and 124 others.

In a four-paragraph statement, prominent Nigerians warned the World Bank, International Monetary Fund (IMF), United Nations (UN), African Union (AU), European Union (EU), United States (US), France, China and the UK government to cease providing loans to the government of Nigeria, emphasizing that borrowing a “controversial project” can only be considered negligent.

Otunba Folashade Olukoya, Chairman of the NINAS Steering Committee, on behalf of the NINAS Secretariat, said in a statement to reporters: “News reaching the Nigerian Indigenous Peoples Alliance for Self-Determination (NINAS) says the Nigerian government has taken on further loans.

“We remind the international community again that Nigeria is now a controversial project. This was stated at our press conference on December 16, 2020, when we announced constitutional force majeure.

“Follow-up events, outlined at press conferences on March 17, 2021 and April 17, 2021, highlight that Nigeria remains a controversial project. Knowing this and providing credit for a controversial project can only be viewed as negligence.

For the avoidance of doubt, indigenous peoples will not and cannot expect them to repay such loans or allow their assets to be used as collateral to repay loans.



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