The All Progressives Congress (APC) has said the statement
issued by the media office of former Vice President, Atiku Abubakar, on the
sovereign immunity clause embedded in Nigeria’s loan agreements with China was
unresearched, unintelligent and pedestrian.
Its reaction was contained in a statement on Monday by the
spokesman, Yekini Nabena.
He noted that Minister for Transportation, Rotimi Amaechi,
already explained the guarantee/clause in the loan deals is standard
irrespective of the country granting the loan.
“Perhaps, Atiku and the Peoples Democratic Party (PDP) could
redirect their energies to explaining to Nigerians the status of the failed
$460 million Abuja Closed-Circuit Television (CCTV) awarded in August 2010 by
the immediate-past PDP administration.
“Also, they should explain the over $2billion China loan the
PDP administration took between 2010 and 2013 alone; $16billion spent on power
with no electricity; fuel subsidy rackets; counter-insurgency funds that were
diverted and shared to political cronies among other shocking heists.”
APC recalled that the CCTV installation project was
initiated by late President Umaru Yar’Adua and awarded in August 2010 by former
President, Goodluck Jonathan’s administration to help security agencies in the
Federal Capital Territory (FCT) check the growing insecurity.
It said since the agreement was signed, Nigeria has been
servicing this loan to China while Nigerians are yet to attest to the
visibility of CCTV project and unable to explain the status of the video
surveillance project.
“The matter is subject to a legislative probe. In all of
these we are starkly reminded that the PDP remains a corrupted and damaged
product. Nigerians must continue to reject the party at all levels of
government.
“In the area of fiscal discipline, prudence, curbing
leakages, are we currently getting it right? An emphatic yes! Every kobo
expended on infrastructure counts. Verifiable evidence abound in the fast
expanding national railway projects, airport remodelling among other critical
infrastructure projects being undertaken by the President Muhammadu Buhari
government.”
APC added that the days of phoney contracts as
institutionalised by successive PDP administrations are fast fading.
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