"Sovereign immunity": APC demands probe of PDP over failed $460m CCTV Project, $2bn China Loan —
Connect with us


“Sovereign immunity”: APC demands probe of PDP over failed $460m CCTV Project, $2bn China Loan



All Progressives Congress, APC, has asked the national assembly to investigate the Peoples Democratic Party, PDP, for failing to explain to Nigerians the status of the failed $460 million Abuja Closed-Circuit Television, CCTV, project awarded in August 2010 by the immediate-past administration of Dr. Goodluck Jonathan.

The party gave the challenge while reacting to a statement credited to the Media Office of former Vice President, Alh. Atiku Abubakar on the standard sovereign guarantee and sovereign immunity clause embedded in Nigeria’s loan agreements with China to fund the ongoing national railway projects.

In a statement signed by its Deputy National Publicity Secretary, Yekini Nabena, APC described the statement of former presidential candidate of PDP as unresearched, unintelligent and pedestrian.

The party maintained that despite the fact that the Minister for Transportation, Rotimi Amaechi has explained the guarantee/clause in the loan deals is standard irrespective of the the country granting the loan, the opposition was bent on making mountain out of mole hill.

It added that the PDP should rather concerned itself with providing explainations to Nigerians  “over the $2billion China loan it 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.”

According to APC,  the failed CCTV installation project was initiated by the 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 check the growing insecurity.

The ruling party stressed that since the agreement became 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. 

“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.

“The days of phoney contracts as institutionalised by successive PDP administrations are fast fading,” the party stated.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Most Read