Chinese Bank reject $22 billion loan request by Federal Government
As the sunrise Tuesday 28 March, Loan weather was not looking good for the National House of Assembly and Federal Government, after the House of Representative has approved Loan of $973,474,971.38 as requested by the Federal Government on Tuesday 28 of March 2023.
The loan which was intended to be obtained, from the Chinese Development Bank, was not disbursed and rejected by the bank.
It was also noted, that there was a loan of $22,798,446,773 rejected by the china-Exim Bank earlier before the initiation of the new loan of $973,474,971.38
However, the Chinese Bank did not disclose or talked about reason for the loan rejection.
The Chairman of the House Committee on Rules and Business, Abubakar Fulata, moved a motion for the legislative chamber to amend its resolution granting approval for the unsuccessful loan.
No comments:
Post a Comment