$3.5bn COVID-19 IMF LOAN: DO NOT GRANT THE LOAN…..Frank Warns IMF

"Do Not Facilitate Corruption In Nigeria".....Timi Franks Warns IMF.

"The proposed $3.5billion loan given to Nigeria to fight COVID-19 is questionable. @MBuhari's govt has collected several loans from China & World Bank, but it doesn't reflect amongst Nigerians".

 

A political activist and former Deputy National Publicity Secretary of the All Progressive Congress, APC Comrade Time Frank, has called out the International Monetary Fund, IMF on the proposed $3.5bn loan to the General Muhammadu Buhari government in Nigeria.

With many expressing their fears over the transparent utilization of loans secured by the @MBuhari government to fight the COVID-19 novel pandemic that has resulted in over 1,283 persons testing positive to the virus and over 35deaths recorded so far.

The political activist made this known via his Twitter account, @realTimiFrank as he warned that Nigeria, under the @MBuhari administration has collected so several loans from China and the World Bank with nothing to show on ground.

"I hereby advise @IMFLive to be cautious not to facilitate corruption in Nigeria. The proposed $3.5billion loan given to Nigeria to fight COVID-19 is questionable. @MBuhari's govt has collected several loans from China & World Bank, but it doesn't reflect amongst Nigerians".

Timi Frank, known for his accuracy and consistency, warned that the several loans obtained by the Buhari led regime; identified as very corrupt, have not been properly utilized, to the benefit of the country and its people.

“@IMFSpokesperson The purpose of the loans over the years are not been carried out. @MBuhari is corrupt, they'll share the money amongst themself & give u contrived stories. The loan will not be used to tackle COVID-19. They will build no hospitals, or buy any medical equipment. https://t.co/No2xJTeFRp”.

Comrade Timi Frank, alongside several other concerned stakeholders have therefore called upon the IMF not to grant the $3.5bn loan to the @MBuhari government as it will only go the way of the other loans and the country further plunged into huge debts.