Middle-Belt, Southern Leaders Warn W’ Bank, IMF, Others Against Giving Fresh Loans To Nigeria

Leaders of various ethnic nationalities in the Middle-Belt and southern part of Nigeria  have warned the World Bank, International Monetary Fund, United Nations, China and other nations against granting fresh loans to Nigerian government.

They also warned the United Nations, African Union, European Union, United States, French and British governments to stop giving loans to  Nigeria.

The leaders, who are part of the Nigerian Indigenous Nationalities Alliance for Self-Determination, gave this warning on Sunday in a statement issued by NINAS Chairman Steering Committee, Folashade Olukoya.

Some of the prominent leaders are a former military Vice-President of Nigeria, Commodore Ebitu Ukiwe (retd); former Governor of Plateau State, Jonah Jang, Second Republic 
member of the Senate, Prof. Banji Akintoye; former President-General of
Ohaneze Ndigbo, Chief Nnia Nwodo and  Prof. Yusuf Turaki and many others.

NINAS said Nigeria has become a disputed project with questionable sovereignty and that any loan given to such country would.not be repaid because it was negligent of the creditors to borrowed the country
after the constitutional force majeure.

The statement read, “News reaching the Nigerian Indigenous Nationalities Alliance for Self-Determination,  (NINAS) says that the Nigerian government has taken on further loans.

“Again, we remind the international community that Nigeria is now a disputed project. This was articulated in our press conference  of December 16,  2020, when we declared a constitutional force majeure.

“Subsequent activities as articulated at Press Conferences of March 17, 2021, and April 17, 2021 emphasise that Nigeria remains a disputed project. Knowing this and lending to a disputed project can only be considered negligence.

“For the avoidance of doubt, the indigenous nations will not, and cannot be expected to repay such loans or allow their assets to be used as collateral to offset the loans.”