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Who Took The Loans And Where Was It Spent?

it is known that $12. 09 billion was paid to the external creditors in the Paris Club and that a debt cancellation of $18 billion was also secured in the process

The questions that I have for the previous administrations are, who took the loan and where was the money spent?

please read this article to see my outrage. I support the notion this payment should have been used to revamp our economy.

http://allafrica.com/stories/200705160407.html

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9 answers

@babasin

You should have counted the number of accidents on the Lagos - Benin express road. Some things have not really changed.

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You know why things are bad in Nigeria ? No maintenance, we build and forget to renovate. things are supposed to last forever in naija. that is why we have collapsing building

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lakeside4love I've never change on OBJ my question was why is he paying loans that we have no idea who took it ? it's human nature to agree and to disagree on vital issue. as a president it would have been better to set up a panel to investigate how we got the money and what the money were used for. Many developed countries have bilateral economic benefits. what purpose id paying this loan serving?

No one is above mistake and I reserve my comment on Obj for now

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Imagine people where Importing Empty containers !!!!!!!!!! na wa oh

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@Saint

Nope you dont know the pressure that this guys will bring on you as president. We sometimes are underestimating the power of this foreigners using there local agent.

I am in a foreign land and i can see this easily especially one that is African.

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@ Mamajama why d sudden change? I thought ur Saint OBJ knows it all,

why question his deeds??If everything he does is rite in ur eyes,

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Is this an indictment on the president for not investigating and just giving out our money?

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Impressive. what could the consequences be if we refused to pay this debt? they can have sanctions on us but at

least our country will be fully developed. The presidency should have embark on investigation to find out who took the

loans and what purpose was the loan for. and was it utilized to the full ability?

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@Mamajama

It was good they paid if Not we can nout investigate. Now we can investigate.

you may know that Obj had a great problem with the debt because no one knew where they came from.

We have Saboteurs in Nigerian working for the Paris Club this people are on the pay list of their masters. if Obj had argued with them for long they will have a case.

Now they have no case We have a case ( At least we the citizens can know fight them) We have lawyers that can take this people.

Have you heard of what they did to Namibia?

The Owed a debt of $5million and some company came to buy the loan for 3 million and now they the company are demanding $33 million.

Ah some people will call this Business abi ? i say this is 419 of the greatest order.

MONEY DOUBLERS !!!!!!!!!!!!!!!

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