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Amaechi Appears Before Reps Over Chinese Loan

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Amaechi Appears Before Reps Over Chinese Loan

by Present Nigeria
August 17, 2020
in News
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Amaechi Appears Before Reps Over Chinese Loan
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The Minister of Transportation, Rotimi Amaechi on Monday appeared before the House of Representatives Public Hearing on Treaties and Protocols.

Speaking at the hearing in Abuja Amaechi disagreed with the committee, saying he is unaware of a N33 billion contract by the Ministry of Transport but only a $1.6 billion contract.

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He said the action of the committee is political.

The minister who appeared before the committee for a second time maintained his position that Nigeria is now very unlikely to get the remaining loans from China due to the investigations being carried out by the House.

According to him, the committee probe suggested that the different arms of government do no support the loan.

The committee is also interested in the number of Nigerians and Chinese involved in the Federal Government rail project.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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