Halt Further  Loans To Nigeria,Group Urges IMF

Notable statesmen under the Nigerian Indigenous Nationalities Alliance for Self-Determination  (NINAS), has  warned the international community against borrowing the Nigerian government loans,on the ground  that Nigeria’s sovereignty is now questionable.

They  warned the World Bank, International Monetary Fund (IMF), United Nations, African Union, European Union, United States, French, Chinese and British Governments to cease lending loans to the Nigerian Government, stressing that borrowing a “disputed project” loan can only be considered an act of negligence.

The Chairman of the Steering Committee of NINAS, Otunba Folashade Olukoya, conveyed the position in a statement issued  on behalf of the NINAS Secretariat.

He said: “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 16 December 2020, when we declared a Constitutional Force Majeure.

“Subsequent activities as articulated at Press Conferences of 17 March 2021, and 17 April 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.”