News Column

Proposed U.S.$1 Billion Loan, an Arrangement Involving Govts - Omeri

July 17, 2014

Patience Ivie Ihejirika

The coordinator of the National Information Centre and director general of National Orientation Agency (NOA), Mr Mike Omeri, yesterday explained that the proposed $1billion loan by the federal government would not be handed over to the Nigerian government in cash, saying it is an arrangement involving governments.

He said the arrangement is common among world powers.

"The loan request is not for the government of Nigeria to go and collect cash; it is a long term arrangement which most super powers of the world are known for. This long term process being put together by the government is to ensure that there is transparency in it and it is used for the purpose it is meant for," he said.

Dismissing fears that the loan, when secured would be misdirected from the purpose of securing it, Omeri said, "It is not just to fight Boko Haram; it is also to support the armed forces in terms of surveillance, training, etc. It is a long term facility that would involve government-to-government processes and I am not sure that any government will give out money to another government so that they could misdirect its usage."

On the extradition of the co-mastermind of April 14, Nyanya bomb blast, Aminu Sadiq Ogwuche, Omeri said another suspect, Rufai Tsiga is still on the run and on the Interpol watch-list.

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Source: AllAfrica

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