The Chinese Foreign Ministry, on Monday, denied that China had any clause in its loan contracts ceding Nigeria’s sovereignty to China.
Recall that last week members of the House of Representatives claimed they had uncovered clauses in a loan obtained by Nigeria from China that conceded Nigeria’s sovereignty to China.
But the Minister of Transportation, Rotimi Amaechi, had said he was ashamed that people can’t understand that the clause ‘waiving sovereignty’ in China’s loan agreement with Nigeria is only a contract term, a sovereign guarantee that assures payback according to the terms and conditions of any loan.
Amaechi made the clarification while answering questions about the loan controversy on a TV programme.
He had also explained that the Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
However, explaining the Chinese…