The lenders, Presidency, and the National Assembly are also named in the suit seeking to stop Buhari from accessing the loan.
CUPP acting through one of the registered political parties/coalition members said it has just commenced a legal offensive to stop the proposed borrowing of the sum of $22.7b by the Buhari government and also written to all the lenders to halt the loan request in view of the pending legal action. “The Senate leadership has clearly and unambiguously shown it is not on the side of the people and it is not representing the Nigerian people but their selfish interest. There unpatriotic stand on national issues and lack of vision has become all the more apparent and have turned the Senate into a chamber filled by Political Allelluya boys.
“We have a government that is more interested in its uninhibited quest for power and holding unto power than knowing what to do with the power for the benefit of the people. After hijacking the Parliament, emasculating the judiciary and crushing the electoral process Nigerians are now faced with the consequences of a regime that is hustling like traders in the Alaba market for Chinese and other foreign loans. Nigeria has now been thrown into a state of economic hiatus and quagmire.
“Nigerians must rise and stop Gen Buhari and his APC political alleluia boys from plunging Nigeria into her worst economic crisis and bankruptcy. “We have sued the Federal Government and the National Assembly in a separate suit and also sued the lenders to stop them and their agents from mortgaging our economic future by consummating a faulty loan deal which will put their depositors money in danger and also fund an owambe urge and shopping extravaganza of a government weakened by corruption and lack of competence and now hustling for loans on the street of China and Japan to cover their financial recklessness that has put Nigerian...
$22.7 loan ? Who so ever posted this headline is mad , $ 22.7 what? , billion or million or cens?
what a silly govment this man is running? A loan, SS is to pay 69% igbo 20% SW 8% and North 3% but igbos are not beneficiary
This is the move I would have expected OfficialPDPNig-the MAJOR opposition party- to have taken dayssssss ago. PatheticParty 👎👎👎
The whole loan structure does not really add up.$300m on economic governance is technically insipid and could only truly fit into a loan jamboree of some sort.The CBA of the the entire loan architecture cannot readily pass a loan appraisal from a commercial bank.
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