Posts Tagged ‘China-EximBank’

Nigeria did not mortgage property for China loan – Amaechi

The minister of transportation, Rotimi Amaechi, said on Monday, May 13, that the Nigerian government did not mortgage any property to secure infrastructural loans from China. Amaechi made the clarification at the 6th Annual East African Transport Infrastructure conference held in Nairobi, Kenya According to Amaechi, Nigeria did not offer China any such comfort because […]

$1 Billion Kano-Lagos Rail Loan Not Diverted – Okonjo Iweala

Nigeria former minister of finance, Dr. Ngozi Okonjo Iweala has denied allegation that $1 billion loan sourced from China-EximBank for the construction of Kano-Lagos rail project was diverted under her watch. The former minister in a statement issued by Paul Nwabuikwu, her media adviser on Sunday said the Kano-Lagos rail project was not among the […]