China may take over Nigeria assets over huge debt acquired by Buhari’s govt — Omokri

Former aide to ex-President Goodluck Jonathan, Reno Omokri, has warned that China may take over Nigeria’s assets when the country fails to pay up the loans being acquired by President Muhammadu Buhari government.



According to Omokri, countries such as Sri Lanka, Maldives, Djibouti Kyrgyzstan and Laos have all suffered such treatment from China.

The problem with the Chinese loans General @MBuhari is acquiring is that when you cant pay, China wont cut you slack. Rather they take over your national assets. They have done it to Sri Lanka, Maldives, Djibouti Kyrgyzstan & Laos. Buhari has enslaved us!#BuharisLifelessBudget

— Reno Omokri (@renoomokri) October 9, 2019

In a tweet on Wednesday, Omokri warned: “The problem with the Chinese loans General @MBuhari is acquiring is that when you cant pay, China wont cut you slack.

“Rather they take over your national assets.

“They have done it to Sri Lanka, Maldives, Djibouti Kyrgyzstan and Laos. Buhari has enslaved us!”




“To show how much General @MBuhari has spent your future away, consider that in his budget, DEBT SERVICING takes ₦2.45trn, which is more than capital expenditure of ₦2.14trn.

“Mind you, debt servicing is paying interest on the debt, not repaying the debt.”