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Niger Delta Groups Warns Against Using Region’s Oil & Gas As Loan Collateral

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The Niger Delta Self Determination Movement (NDSDM) has warned governments at various levels against using the region’s oil and gas deposits as collateral for accepting loans from China.

Convener of the group, Ms. Annkio Briggs stated this in a statement she signed and made available to newsmen.

Speaking, Ms. Briggs urgently called on Niger Delta States of Rivers, Akwa Ibom, Delta, Bayelsa, Cross River and Edo, (the oil producing states) “to be EXTREMELY careful with any future dealings with Chinese Companies (they are colonizers after the Niger Delta resources parading as investors)”.

Briggs said that the Movement is urgently taking stock of Chinese Companies operating in the Niger Delta under any guise.

According to her, “they come in bowing and clasping their hands as humble just like their counterparts in Nigeria.

“Based on their tricks with loans and how with these loans they have taken over independent African Countries national assets under the guise of loan default, Niger Delta governors must be very careful,” she stressed.

She groused that “the loans Nigeria Federal Government is taking from China will be paid by Niger Delta Oil and Gas not Groundnut and Cattle.”

She therefore, categorically stated:

“No investments should be accepted by the Niger Delta states under any circumstances.

“And the Niger Delta states governments should urgently and quickly look into any legal documents signed with any Chinese Companies.

“China is the latest danger to Niger Delta their partners have only our oil and gas as collateral, and our seaport, and access to the Atlantic Ocean to bargain away,” she warned.

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