$2bn loan: Lagos NBA chiefs, others chide Fayose over letter to Chinese Government.

Ayodele Fayose

Ayodele Fayose

More reactions have trailed Ekiti Governor, Ayodele Fayose’s letter to the Chinese Government, asking it to refuse President Muhammadu Buhari’s request of $2 billion loan.

Chairmen of the Nigerian Bar Association (NBA) in Lagos State and other lawyers on Sunday condemned Fayose’s action, describing it as mere irritation and inconsequential.

The News Agency of Nigeria (NAN) reports that President Buhari had last week paid a state visit to the People’s Republic of China with some state governors, the Central Bank governor and some ministers.

The president had concluded negotiations for the loan and a currency swap deal with the Chinese authorities as part of efforts to revive the Nigerian economy in the face of dwindling oil revenues.

On April 12, Fayose had reportedly jetted out to China while Buhari was there, urging the Chinese authorities to refuse the facility being requested by the Nigerian Government.

He said “all Nigerians”, irrespective of their political and religious affiliations were against any applications for new foreign loans.”

This, he said, was on the grounds that servicing current debt burden already gulps over 25 per cent of the country’s annual budget.

Reacting to Fayose’s letter, a former Chairman of Ikeja Branch of NBA, Mr Onyekachi Ubani, described the letter as of no consequence, since negotiations had already been concluded.

The letter by Fayose is similar to a situation of bringing a motion for a court injunction for a completed act.

This letter is a mere irritation especially coming from a sitting governor; I will urge Nigerians and especially journalists to regard his letter as nothing, but a mere irritation.

Negotiations are already concluded and the Chinese government are willing to release funds to Nigeria.

Although, it is very disheartening that such a letter is coming from one of our governors, but I think it serves no purpose,” he told NAN.

Ubani, therefore, urged Nigerians to resist any act capable of disrupting the smooth running of government.

In the same vein, the Ikeja Branch Chairman of NBA, Mr Yinka Farobi, described the letter as “over stepping of one’s boundaries”.

“Fayose was elected as a state governor and not as the president of Nigeria.

“His letter is clearly out of the purview of his powers and I seriously condemn it,” he said.

Farobi also urged Nigerians to be supportive of moves aimed at transforming the Nigerian nation for growth.

Again, the Ikorodu NBA Branch Chairman, Mr Dotun Adetunji, described the letter as a show of rascality.

He noted that although “there is a provision for immunity for a sitting governor, there must also be a limit on the activities of a leader.”

In his words: “There are 36 states in the federation and out of these states, only one governor has courage to write to a foreign authority, urging it to refuse funds to its federal government.

“To my mind, such action is really reprehensible and should be discouraged.

“There is no problem with being an opposition, but If you want to be an opposition, you conduct such opposition in a reasonable manner,” he also told NAN.

Adetunji urged Nigerians to show support for the incumbent government in a bid to promote development.

“We must be careful as Nigerians for whatever we do today will be recorded as our history tomorrow.”

Mr Spurgeon Ataene, a lawyer, said:“If the loan being sought by the Federal Government is for the purpose of revamping the battered economy, then we should not have a problem with that.

The only thing we should demand from the government is that the loan should be used for the purpose for which it is obtained in the first place.

To that extent, all Nigerians must be watchdogs and at all times demand that the benefit of the 2 billion dollar loan must trickle down to the masses.

Another lawyer, Mr Ola Ogunbiyi, said Fayose’s action fell short of the status of his exalted office.

Fayose is a `security risk’ working against national interest, I think he has too much freedom and should be cautioned all because we are in a democratic rule.

What he said was wrong, we all know the loan is for our economic growth, for him to have written a letter to another country is wrong.

The picture he tried to paint is that there is no unity, we have no united front by going to counter the action of the president.

We all know the President is trying to pave way for the citizenry to have a good business relationship with other countries, but we can see Fayose blackmailing not only the government but the nation as a whole.”

Receive News Alerts on Whatsapp: +2348136370421

  • iwe paul

    Is 25% of federal government revenue used to sevice debts?

    • Damilola

      Ur question is funny but meaningful. When a state decides to borrow to feed almost half of her budget, u shud kno somti is fishy. In that sense borrowing even more, especially when u have no say, becomes more irritating than what lawyer depicted. The budget is a figure stretch of the country’s financial might and the reasonable extent it could go in spending for d year. You want to tell me Maduekwe didn’t steal again? Abi Dasuki is no longer guilty?? 2.1billion dollars plus 20 billion dollars alone Na small money? This people made us belief some outrageous sum of monies were missing abi? Why shud we Mortgage our future when those monies were ones believed to be under some folks shadow? If Buhari cud sign a deal with Qatar on airline that doesn’t exist in Nigeria( national carrier), thereby giving Qatar a full percentage benefit, and Nigeria -zero, I’m very much sceptical about this. If Nigeria could join the Saudi coalition for no reason other than “terrorists are Muslims too” I remain reluctant on this mallam sojourn…. If my president could leave his country in dire of a swift miracle to attend a nuclear submit in the US, an event if ordinarily Nigeria is to be present, could av been fit for the energy minister and our ambassador there, I remain adamant d old man knows what he’s doing other than punishing us for been so gullible to have trusted him and his group in the first place.

      Dont lemme bored u. Night buddy

  • I disagree with those asking the Buhari government to apply sanctions on Governor Fayose, because by so doing, you would have helped him to achieve his intended ignoble purpose for all his hullabaloo. Fayose knows that, on account of his several administrative and electoral infractions, his cup is full and will have to answer for this sooner than later. All he’s trying to do with his ‘being-more-Catholic-than-the-Pope’ actions is for the FG to take a drastic step on him so that he would have a cause to cry foul in the name of political intimidation, repression and such likes. President Buhari’s handlers should please prevail on the President to continue to handle him (Fayose) with maturity and sagacity, while steadfastly and consistently steering the nation’s ship from the brink of calamitous wreckage.

  • Lims

    Seriously, Faroese needs to thread it softly!

  • esio

    APC government is doing very poorly informing Nigerians on activities of the President. Obviously, there are too many lies and deception on the part of Mr President, so his media crew are all reading his body language and giving us totally wrong assessment of the Government of PMB. Lies has NAFDAC # and expiration dates. Too many contradictions.
    Most international communities are carefully reading, watching, analyzing and taking far reaching decisions on how to handle Nigeria.
    Nigeria is really a special case and defile all odds.
    Did PMB go to China to obtain $2B loan? Did he get a Credit line of $6B? Did he sign far reaching bilateral relationships that will facilitate business opportunities? Could someone in his entourage give Nigerians a breakdown on his activities? Too many questions looking for answer. Specifically, what was his mission and accomplishments in this China trip?

    From all indications PMB went to China for 1 week medical tourism hidden under this whole brohaha!

  • Damilola

    Even a shameless lawyer suggested the thuggy Gov over steeped his boundary as he’s only elected as a state Gov, really??? I guess the fed govt stays on her own without a component making her up. Every kobo- assuming the man’s state even contribute to the treasury, his state makes goes to the fed for sharing at the end of the month. I hope these hungry lawyers cud rem.

    The fact that the man protested solely, doesnt mean he’s mad, it just shows there is no gang up. The man is just expressing his views and pursued such believe. Same free for all expression routine brought the General to Aso Rock. So what??