$500m Chinese Loan: Reps Committee Grills Amaechi, Finance Ministry
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- čas přidán 29. 07. 2020
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Hon. Ossai, the chairman, listening to you has given me hope that we still have honorable members in the house. Thank you so much.
I swear
You can tell he is an intelligent man. When intelligent/smart people run things, the difference will be clear.
@Sezione C Internazionale his job is to ensure checks and balances; which is is bent on doing. He is not a police that will arrest Amaechi.
ROMANUS NWACHUKWU No be Naija ? At the end nothing nobody will do to arrest them for stealing public fund . All what you are seeing is just pure drama .
Sezione C Internazionale Yes !! Nothing will happen, Naija with enough drama , we are tired no arrest will be made they know themselves Naija has been fooled long time . Until our leaders finish the national cake and sell us out that’s when our eyes will open and call revolution will start .
God blesse the Chairman of this committee He Shows me we have people to say the truth No Matter the corruption in the Nation
This committee chairman is very articulate. Not like that dull & senseless " off your mic" chairman.
Hahahahahahahahahahaha... Off your mic Ojo! 😂😂😂😂😂😂😂
That Chairman was just not capable. Immediately he took over it started showing a lot of flaws. I wasn't surprised he made the headlines for the wrong reasons.
You dey mind the thieve.he doesn't want to be exposed... Honorable Minster It's OK.lmao...
Our politicians/leader are just too arrogant. Imagine the body language and arrogance of Ameachi. JMO
He is on defense mission. He is a criminal and they have caught him good.
He has the country's president on speed dial. No shaking!!!!!!!!
Don't worry he will go to jail that's for sure.
I wish the catch him
Mr. Chairman is very intelligent. More of you Sir.
He's indeed intelligent and a step ahead of them..
Ameachi is just quick about collecting this loan without the house critically analyzing the info. on the loan and previous one as this could potentially lead to serious debt and detriment to our sovereignty to China in the nearest future. I just think Amaechi is hiding something and China has serious selfish dealings because their clause to African contracts is ambiguous & sometimes unfair (interests & compulsory use of the materials and manpower). THE TRUTH IS AFRICA IS UNWISE.
I really saluted the chairman of the committee and wish him all the best to have the courage of facing the true and depending it on anybody
This committee's chairman is very intelligent. We need more lawmakers like him.
agree
Public spectacle at the end of the committee chairman will be settled behind your back and you'll never hear anything about it again in life
They are all scholarly and brilliant. Put Amaechi and co in the chairman's seat, he too will deliver. And put this chairman too in charge of the ministries, yawa go gas as well...All this are nothing but drama...
Na the front end you dey see, u nor dey see back end. just like IT software, you only see the beautiful part, the complicated part with lots of unfriendly codes, you dont get to see it. lol. To cut stories short, this na drama
Is this an investigation or argument. I do not like Amaechi's body language.
He's a Nigerian politician, which means he believes that he's above the law.
Nigeria has the intelligence it’s the honesty and integrity We lack. Or rather,that the enforcement of that law that ensures that our public officials are credible and honest. Rotimi Amaechi acts like he’s been asked of a personal business. It’s public business and our business to know every kobo that was given to u and how it is or was spent.
Can someone ask Amechi why he's getting irritated, he must answer the questions put across to him. Any government that cannot allow its citizens to track govt transactions, is not prudent in their dealings.
The both men have integrity but have personal bais
Why is Amaechi having temperamental problems?
If this type of oversight can continue, there's hope for Nigeria
We don't need oversight. We need a structure. A system! Nigeria don't have a system that's why they are doing this drama. In a structured or system nation, things flow according to pattern. They only do over-view
@@jacobsonfrancis2952 working system.
You are joking? That comitee are also theives.
Dr Godwin Edozie bro’s no hope heeeeee
God bless this committee Chairman!!! Very articulate!!! With precise questioning and requests!!
Finally, NASS committees are waking up to there responsibilities
Their responsibilities *
They are selling Nigeria now..dere should share the money to every1
They are pretending
NASS WONT CHECK THE DOCUMENTS BECAUSE THEY CAN ONLY CONSIDER THEIR OWN % THAT IS ALL, THEN IN THE FUTURE WE AS A COUNTRY WILL BE A SLAVE AGAIN TO CHINA OF THEY WILL TAKE OVER OUR TRANSPORT SECTION AS THEY HAVE BEEN IN THE HABIT OF COLLECTING NATIONAL PROPERTY OF ANY OF THEIR COUNTRY DEFAULTERS.
Anele Owiriwa No be Naija ? nothing will happen at the end of the day , is just pure drama we are watching , they all know themselves. Until our stupid leaders finish the national cake and sell the nation out . That is when call for revolution will begin .
This chairman is very intelligent, if they continue like this, then there's light at the end of the tunnel.
Haha even if that so called comitee find him guilty or if he admits to looting nothing will happen. He will go free to loot some more.
Very intelligent Mr Ossai very very intelligent and his diplomatic skills are evident too
God bless this chairman only if he continues like this..
Hon Osai Osai is distinguished brilliant and well articulate.
Integrity Hon Ossai God bless you n give you more wisdom to tackle it to end. There is hope for Nigerian citizens.
Wow
God bless Nigeria
Chinese representative should be at the hearing to confirmed if they received the 500 million dollars.
I never thought of that. But believe you me, China will do anything to to wreck Nigeria.
Ameachi is just quick about collecting this loan without the house critically analyzing the info. on the loan and previous one as this could potentially lead to serious debt and detriment to our sovereignty to China in the nearest future. I just think Amaechi is hiding something and China has serious selfish dealings because their clause to African contracts is ambiguous & sometimes unfair (interests & compulsory use of their materials and manpower) and steal your mineral resources. THE TRUTH IS AFRICA IS UNWISE.
The master does not come to the slaves house to explain. Please tell your country men to start saving up because China no Dey joke with their money.
Someone is going to faint here.
Let anyone faint - we are fully prepared this time around.
Lol
😀😃😃😄😄😃😀😃😉😉
🤣🤣🤣🤣🤣🤣🤣
Lol! You are so funny
Please keep giving us this type of chairman. His likes are needed to head majority of our committees. E get why ooooo, not like "Mr off your mic, issokay".
You can see the arrogance and his supposed to be a minister
Who knows the constituency Ossai came from? So that we can beg them to keep voting him to represent them and Nigerians just like in the USA, we will volunteer to campaign for him online nice work chairman round peg in round hole
Ndoka/Ukwani Federal Constituency of Delta State.
Very intelligent and incharge of the whole process.
Mr Chairman is a very competent hand. Kudos sit.
I never believe wl av this type of man in our legislative
Hasn't this contract signed 10 years ago? So it couldn't be Amaechi that signed it. Or am I getting it wrong?
This is the first time since this democracy that I see the senate or house questioning the ministers on their project.
They are taking long to get to ministers of northern origin.
Mary Nezianya .. lol, everybody will start getting their acts together... this is how to go - ACCOUNTABILITY!
@@Abebi1 so when do we see northern ministers face the oversight committee or is there no culprit from northern region so far?
Mary Nezianya .... We are getting there, one step at a time, atleast we have seen Magu to start with.😃
This has nothing to do with north or south, you are very biased
Amaechi s body language is questionable, he’s guilty of looting
You are so right! He folds his arms like Donald Trump, and that puts him in a defensive mode.
Buh he has bn looting since he looted rivers money for mono rail and powerplant oleeeeee
He’s begging to let go the way he behaves, Psychologically he’s a thief
Wow kudos to the chairman Mr Osai "this committee has not been working before but have started working now let's all committees start working
I applaud you Mr Chairman Nicholas , impressed by your displayed of competency and knowledge .
Why is Amechi trying to cajole the committee to just follow him blindly?
Mr. Ossai thank you sir please don’t up.what a honorable
You will mortgage you and your family by the time Oodua Nation and Biafra break away from the zoo All of you that signs the loan will be responsible. You will all pay Can't you use Nigerian resources?
Vintage Ossai Ossai the Chairman of this committee. He is very scholarly and grounded.
Ameachi is corrupt and one of the biggest criminals looting the coffers of Nigeria. Very shameful for a big for nothing African country.
Thank you Mr chairman, it's obvious you know your onions...go ahead and grill the hell out of him. 👍
This Amechi is so rude, he feels too big to answer any questions 🙄 he is just too desperate to get the loan, thank God the chairman did not get intimidated by all the gra gra gra he was doing, kudos to the chairman 👏 👍
Just imagine how these lazy politicians are gambling with the lives of millions of people.
I don't blame them,i blame the lazy youths that put there time on bbnaija which is more important to them.
Hope everyone in any government in Nigeria should be open like this transparent to the public and know exactly how the money spent to all Nigeria..good transparent to the whole Nigeria.
Amechi body language shows he has done something incriminating that is about to be expose.
This committee should go on site to verify the work on ground if they worth the money spent, if the sovereignty of Naija is at risk we better forget the loan, not what Amechi is saying.
Corruption makes one lose good sense of judgement.
This Amechi guy is not talking sense in all wise. Please grill him and the likes
Extremely intelligent chairman...!
When it's time to get loans, people like Amaechi are in the forefront because they're thinking how they'll benefit. When things go wrong, they don't to answer questions of their stewardship. Why is he refusing to answer questions and getting unnecessarily agitated?
If you're summoned, you shd have all the paperwork necessary and be ready to provide answers. 3rd world countries, stop this onslaught of your commonwealth by these rogue politicians.
That was awesome. Finally leaders that care about the country. More of this please.
Good job chairman. Continue the good work. Love it!!!
This Amechi is not respecting Nigerians that this committee is representing. He feels too big to be accountable. Shame.
Thumps up for the candour and depth of the Chairman, Dr Ossai O. Ossai. These qualities completely demystified the Hon. Minister and put him in his place.
The Committee members were also calm and collected. This is how a Committee of the House should be - professional, bold, on point and maintaining the deserved decorum.
There's hope for Nigeria
THANK you MR OSSAI OSSAI u will live long
Pls can someone tell Mr Amechi that this is not a personal probe. It is a government probe.
Minister Amaechi, you have constantly disrespected the house.
I am surprised somebody like Mr Ossai Ossai is still in Nigeria, He seems thorough and strict....if he is honest in and out then he is a presidential material.
They are negotiating with Amaechi, because he has a tendency to be disruptive watch his body language . If These committees do their work, ppl like ameachi, will run away from politics.
I totally agree with you. You can see from his body language that he didn't feel comfortable and it wasn't what he expected. Not usual soft questions as it used to be. It's a pity I doubt if there is any trusted ministers.
You are right, no one atall to be trusted they are all same, this reall a shame to them and their family. Shit hole people😩
Exactly, you are paying good attention.. lol
Is this man crazy? You want to collect another loan when you can’t even defend the one on ground? Why is he in a rush and not wanting anyone to probe into The Whole thing? I don’t know how probing this loan will affect any other loan they about to collect.
Ameachi is just quick about collecting this loan without the house critically analyzing the info. on the loan and previous one as this could potentially lead to serious debt and detriment to our sovereignty to China in the nearest future. I just think Amaechi is hiding something and China has serious selfish dealings because their clause to African contracts is ambiguous & sometimes unfair (interests & compulsory use of the materials and manpower). THE TRUTH IS AFRICA IS UNWISE.
Sovereignty of Nigeria is in deep trouble
phaedra 5 it is not.
When dealing with state-owned enterprises in a COMMERCIAL context, a clause waiving the defense of sovereign immunity in commercial arbitration is a STANDARD clause all over the world because it is a well-settled principle of international law that sovereign immunity only applies to the sovereign acts of a nation and does not extend to the COMMERCIAL actions. Accordingly, such a partial waiver provision is not unique to Nigeria.
Long time ago
@resh presh so “dividing the carcass” will automatically resolve fratricidal crises and clashes like Ife-Modakeke, Umuleri-Aguileri, Ogoni-Andoni, Zango-Kataf, Itsekiri-Urhobo, Hausa-Fulani in Ilorin, the so-called Settlers vs Indigenes in Plateau, and so many other internecine clashes (if not warfare) all across Nigeria between people sharing the same land for centuries and even intermarried among each other? Even in one of the smallest states in Nigeria, Enugu State, folks are still campaigning for a new Adada State and separation from each other, despite ethnicity, cultural and linguistic homogeneity!
Nope! The problem in Nigeria lies not with the so-called “carcass” but rather what lies within it - the PEOPLE!
Thank u honorable Chairman for your question, we are disappointed with Mr Amechi with his shady business, we Nigerian watching u here in united state of America, we are wondering what the future holds for children and our parents and the unborn babies, if China owns our resources if we fail to pay back the loan. I pray that God will grant u all wisdom to deliberate on this issue. Long live Nigerian our beloved Country. Thank u again Mr Chairman.
I like this questioning from the national assembly, it's opening up something and making them to faint. Pls keep it up, Nigerian like it.
The ministers do not understand the loan nor the questions
You borrowed money from China, gave the contract to a Chinese company, which in turn would bring in Chinese workers. Yet, the principal and interest would be paid on a loan with not much benefits to Nigerians. Nigerians selling Nigeria into slavery all over again. May God help us.
Kolawole tony if you are getting the loan from the Chinese govt’s Export-Import Bank, which is Chinese taxpayers’ money, why do you think they will give you the loan if not to contract a Chinese company? Or do you think they will give you Chinese taxpayers’ funds to go hire a US or UK company?
A loan is balanced between the CREDIT (cash) you get and your DEBT (interest and principal payments), with the interest effectively being the PRICE of the money you are getting. These basics are not unique to Nigeria (and btw, the interest rates on those Chinese loans are significantly lower than any commercial rates or any rates we would likely get on Western loans).
Meanwhile, the real “much benefits to Nigerians” is that we are getting modern standard gauge double-track rail lines that can substantively and substantially REVOLUTIONIZE transportation (of cargo and persons) in Nigeria. These are the sorts of infrastructure projects that can provide a catalyst to sustainable economic growth - if we do it right.
@@therealist2866 please educate these simpletons
@@chieftain8958 you're just on point. Simpletons results to name calling because they lack intelligence to discuss issues and their purile outlook of life itself.
Why is this man still minister of transport, he should be in prison
This Amounts to treason of the first degree, convict them and put them before firing squad
Why can't you people summon Bihari and question him like this?
Pls let appreciate where they started first , there doing a great job now
You want them to question buhari, did you see or hear his answers during election campaign, maybe you will need osibanjo to help me out..
Financing a rail project is a waste of National resources.
I agree with you: a misplaced priority.
What is happening to Magu, Sadiya and Osinbanjo's probe? National assembly is quiet about them now.
Lol this is just for formality sake don’t mind this people
@BGKAISSY What about the money missing in NNPC ? Buhari is the minister of petroleum, buhari has used Nigeria to take loan
the gathering of the most wicked beings in the world, probe without punishment, hopeless and selfish rotten individuals
Onyii Igwendu Nothing will happen at the end the criminals will go go free walking on the street with stolen public funds . No bi Naija, na today ?
Wow, the upper chamber and House of reps are becoming to wakeup to their responsibilities. There are more DGS and ministers who feels they are on touchable. They are just taken loans and sharing it within themselves.
Look at his body language like he is bigger and can’t be investigated
That's d power stealing n backedup by there vegetable boss
They take dressing from the president. It's a banana republic now. A civil rule not democracy
Anarchy please don't call East for this matter you on your own
Is he from the East? They identify as south south
Let them carry their Shame
A lot of loopholes that's giving these people rooms to steal more money....calling thme to questioning they start acting funny
"...can the DMO work without the Ministry of Finance..."? Thanks the able chairman!
You are not asked to tell us that the minister has been on seat when you are still tender.....and that's why you keep painting on how to ask him questions....you better wake up
I am sincerely afraid for this country considering the crop of leaders and leadership that we currently have, how can the sovereignty of nation be added as a clause in accessing a loan? Does that not tell you that there is a hidden agenda by the Chinese? I have worked with Huawei, which is funded by the Chinese government (a Chinese company) and they run a master slave mentality.
For every Nigerian worker their is a Chinese rep attached to under study and takeover-You can do a research about this
.
They are trying to use systematic and institutional approaches to enforce their agenda and they are exploiting this through endemic corruption within the Nigerian space through this institutions.
You might ask what is the agenda of the Chinese? It is simply slavery, capitalism, racism and dominance of the developing countries.
There is a country currently the Chinese have taken over their airport, cause they were unable to repay their loan.
It is time Nigeria wakes up before it is to late.
I think it's their seaport : Sri Lanka
This nigerian government is the biggest challenge for the nigerian people.......... They have no clue about ways to runn the country. Good leaders will not allow other nations to come into your country and begin their own workers, when your own people are unemployed.......... What a coward leaders.
I was told The Gambia is also affected, the airport, seaport and even police has been taken over by the chinese, I think Woda maya talked about it
The question I'm asking is that how will a country with it's currency, it's money, it's innumerable natural resources, it's human resources, it's scientists, it's engineers borrow money from another country especially IMF or world bank or shamefully from individuals??? No body till now has given me comprehensive answer...
Good job mr chairman, they have taken the money and shared it, they must vomit the money quick, quick.
I think with this committee we can expect better Nigeria. Lack of follow up on executed projects has killed this country, God bless Nigeria.
This is a great chairman @ Nice One Sir
Good job legislature! Transparency is the way to fight corruption. This is a step up from using EFCC to chase PDP member
What a shame and disgrace people
. lt is like a child play . You all take loan and keep taking loans with out any means of paying it back. The worst part is that they collected loans and shares it among themselves. Nigerians sorry for una
Amaechis arrogance is high. How many times are we going to recycle these clowns
“Only A Drunkard Would Accept These Terms”, Tanzania President Rejects China’s $10 bln Loan.
If Nigeria does not pay back these loans, the sovereignty of the country is gone.
The chairman of the committee just made a fool out of the minister.
Hon ossai,God Bless you and your family.
China is not giving out loan but they are simply doing business freely in 🇳🇬 and with Nigerians without tax
These people are terribly unpatriotic.
Ameachi!!! The project was even inflated. And the Senate committee is looking at that
May GOD bless you chairman
Great job here 👍🏼
These people should remain in prison for the rest of their life.
Minister of transportation this people are too rough to be a leader
How Amaechi detests accountability! He was always an opportunist, knows no loyalty and thrives on divisive sentiments. Political legacy...? CORRUPTION.
Nigeria House of Representatives, members are selective by approving president Muhammadu Buhari’s request to build rail links from Kano to Niger Republic, first and turn around to subject the minister, under president Muhammadu Buhari, Rotimi Amaechi, to rigorous questioning, which they should have done to president Muhammadu Buhari, as Rotimi Amaechi, is just a messenger, serving under the president and carrying out his directives.
So all the looted funds can't solve this problem. Nigeria is a disgrace. They take loans to loot.
@BGKAISSY I think horse fall is on the same page as you.
@BGKAISSY I have no regard for you is still believe in Nigeria or one Nigeria thin5is going to good,better or great which Nigeria has never been in history of mankind...better forget about this contraption called niggarea
You're a disgrace for saying Nigeria is a disgrace..... Fool
The committee should find out the implementation vouchers, most especially the total project expenditure
31:12 this is a very good start to rebuilding Nigeria and accountability if it's sustained we would observe a huge change with regards to infrastructural development and growth within the next 10 years, it's time to fix our act and Buhari is not joking around with these guys anymore, he has a legacy to protect and he means business.
Nigerians have a huge role to play here with regards to following up on these projects using the transparent Nigeria website and reviewing government expenditure up until we start having government officials who are there to serve not steal.
The president's issue is that people are getting paid and the work is not done. How can you have paid 6 million dollars in 10 years for a $500million loan facility which has 10 more years till maturity.
Lastly we should have more Nigerians employed and trained to implement these projects in the interest of sustainability.
We'll be back in two weeks.
The implementation agency is to collect the vouchers of procurement, and expenditure, sent to the ministry of transport
This is how it should be transparency is needed rotimi amaechi is a real Haden criminal he should answer his question straight
The arrogance of Amaechi can only proceed from devil.
Where is the Finance Minister (FM), always represented by someone. Eeeyah... It's a pity & very shameful to the Government having incapable around itself. Kemo Ade'osun anywhere you're may the Good Spirit of our Fore father be with you, guid you & Continue Bless 😭😭😭 Kemi A. Always remember to come back and continue from where you Stop Nigerians need Sister mee eejooo... We're dying 😭 🙏🙏🙏
Just simply give us details of your previous spending and payment plan! So they know how the job has been progressing. Oga dey dribble everybody, why being afraid honourable ministers
That’s alllllllll haba
Amechi is a very arrogant individual with zero solutions to Nigeria's problems. He's been a 2 time governor of Rivers which explains why the oil rich State is still at the bottom level it's been. Now he's a federal minister whom is not still not providing solutions to the sector he leads. He is your average Nigerian politician with zero solutions and full arrogance. He once said "I got into politics because of unemployment". We need to take to the streets and get a mega protest on to ensure these criminals are deposed and charged for their crimes against humanity. It has been 60 years.
Useless politicians
The Ministers all claim they are not aware of funds and allocation of their ministries.. Why do we need them again?
To steal n faint wen questioned.
finally una don use Nigeria borrow money and share it
Yeah that’s exactly what they are doing ooo. Thunder is loading in Benin City that will strike them soon. Useless minister !!
All this people should be lock up in the prison and throw the key in the ocean
He is joking with Nigeria's he need to be Jill in prison
No one is accusing anybody! Just be accountable... Are you selling our future or not.
Should we let you destroy us first before we ask?
Nigeria! This part of the PROBLEM! I am beginning to think that all these public questioning are shows by commission to further confuse citizens and ultimately, the funds are gone and never to be revisited again. This pattern of BS are being done intentionally just for SHOW. Now, this is how you should be auditing any issues concerning funding, money, etc. There is what we in the auditing profession call AUDIT TRAILS. The money is received, registered and accounted for at the ministry of finance. There should be SEPARATE AGENCY OR AGENCIES EMPOWERED WITH SELECTING AND GIVING CONTRACTS. Contractors are selected, vied for due to past history of doing honest work and they must be made accountable to compliance with contract or face the pain of imprisonments. There also must be visual survey and surveillance of these contractors by separate sets of contract auditors, etc. Funding are disbursed according to percentages of work completed. Employees/ workers salaries are on constant reviews, etc. To cut all these short, AT ANY POINT OR LEVEL THE MATH DOES NOT ADD UP, ALL INVOLVED AT THE LEVEL FRAUD IS DETERMINED AND DETECTED MUST BE PUNISHED TO INLUDE FORENSIC AUDIT OF ALL INDIVIDUAL INVOLVED AND ASSETS FORFEITURES TO THE GOVERNMENT! All these are done BY SIMPLE AUDIT TRAIL AND DOCUMENTATIONS AND ACCOUNTABILITY! Read on SARBANE OXLEY ACT OF THE USA. Again all these shows are just to further manipulate the people of Nigeria and you all know what you are doing. Wuruwuru people!!!!!
The idi0ts didnt come prepared?
This contract should be abrogated and cancelled and these thieves be sent to jail.