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Ibukun Awosika Speaks on Chinese Loans to Africa

The Chairman of the First Bank of Nigeria, Mrs. Ibukun Awosika has responded to the recent loans and investments by the Chinese government in Africa.

This is coming as the Chinese government is about t take over the Power facility in Zambia. More assets owned by the Zambian government are being handed over to the Chinese government after they defaulted on loan payments. (Africa Post)

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In her response, Mrs. Awosika said; “Too sad for words. I fear most African countries don’t read the fine lines of the contracts they sign. This has always bothered me. There is a need for our country to review all that has been signed on our behalf and do the needful.”

She posted this on her Twitter page.

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