$30bn loan will plunge Nigerians into eternal slavery – Buhari’s lawyer

$30bn loan will plunge Nigerians into eternal slavery - Buhari's lawyer

Vocal lawyer and a Senior Advocate of Nigeria (SAN), Femi Falana, has blasted President Muhammadu Buhari, over Federal Government’s proposed $29.960bn loan from the World Bank.

Recall that Femi Falana was one of the 13 SANS hired by Buhari to defend him in court when a lawsuit challenged the Nigerian leader to step down following his lack of required educational qualifications to contest in the 2015 elections.

Falana said on Tuesday 1 November 2016,

“We hear that the federal government wants to borrow $29 billion to fund the economy, my advice is we do not need to do this at such a period in our economy.

“What about the millions of the recovered loots from those who stole our money, our money that are in the hands of those who decided to steal from the treasury?

“I have a report from Nigeria Extractive Transparency Initiative, NEITI which states that the oil companies and NNPC are owing the federal government a joint $20.2b.

“All these should be recovered and used for these projects instead of putting the destiny of the younger generation and those to come in jeopardy as a result of the huge national debt it will bring.”