Some leaders of thought and statesmen have warned the International Community against continued lending the Federal Government, noting that “Nigeria is now a country with questionable Sovereignty.”
129 in number, the personalities signed the Constitutional Force Majure, CFM, declared on December 16th 2020 on the 1999 Constitution of Nigeria.
The leaders include former Military Vice-President of Nigeria, Commodore Ebitu Ukiwe (Rtd), former Governor of Plateau State, Jonah Jang, Renowned Historian, and Second Republic Member of the Senate, Banji Akintoye; former President-General of Ohaneze Ndigbo, Chief Nnia Nwodo; respected Varsity Don, Professor Yusuf Turaki and 124 others.
They warned the World Bank, International Monetary Fund (IMF), United Nations, African Union, European Union, United States, French, Chinese and British Governments in a statement to cease lending loans to the Nigerian Government, pointing out that borrowing to a “disputed project” loan can only be considered an act of negligence.
Chairman of the Steering Committee of NINAS, Otunba Folashade Olukoya, in a statement on behalf of the NINAS Secretariat, reads: “News reaching the Nigerian Indigenous Nationalities Alliance for Self-Determination, NINAS, says that the Nigerian government has taken on further loans.
“Again, we remind the International Community that Nigeria is now a disputed project. This was articulated in our Press Conference of 16 December 2020, when we declared a Constitutional Force Majeure.
“Subsequent activities as articulated at Press Conferences of 17 March 2021, and 17 April 2021 emphasise that Nigeria remains a disputed project. Knowing this and lending to a disputed project can only be considered negligence.
“For the avoidance of doubt, the Indigenous Nations will not, and cannot be expected to repay such loans or allow their assets to be used as collateral to offset the loans.”