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‘I Never Tweeted Such’ – Simon Ekpa Refutes Allegation Of World Bank Loan For Biafra

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Simon Ekpa, leader of the Biafra Republic Government In Exile, has strongly denied claims that he stated the World Bank had approved a $57.5 billion loan to support the Biafran cause.

The claim, which surfaced online, allegedly involved Nigeria’s former Finance Minister and current Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, as a key intermediary in securing the loan.

Related News: Okonjo-Iweala Denies Allegations Of Facilitating Biafra Loan

Responding on Thursday through his X (formerly Twitter) account, Ekpa rejected the report, calling it “false and fake.”

His denial followed a statement from Okonjo-Iweala, who also dismissed the claim, asserting that it was a complete fabrication.

“I know no sensible person will believe what is contained in the outrageous tweet below, but in these troubled times, it is important to underscore that the statement is false,” Okonjo-Iweala said in her response.

The WTO chief further urged individuals misusing her name for such purposes to stop. “Again, I enjoin all those seeking to misuse my name to desist,” she added.

In his reply, Ekpa expressed surprise that Okonjo-Iweala had responded to the false claim, criticizing her for addressing the fake news while, in his view, remaining silent on the issues of violence and terrorism in Nigeria.

“I never tweeted such; it is even surprising that you can tweet this because your name was mentioned. We have been tweeting about the terrorism in Nigeria against your people and you never responded nor showed any remorse,” Ekpa wrote.

He continued, “Here you are, defending what nonentities did with your name, but have been mute about all the killings by the government you served. I congratulate you for always defending yourself and your integrity, even when they are photoshopped.”

Despite his pointed criticism, Ekpa reiterated his denial of the loan statement. “Thank you for defending yourself, but I never tweeted such a thing; it is false and fake,” he concluded.

 

 

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JUST IN: Senate Approves Tinubu’s ₦1.77trn Loan Request

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To address Nigeria’s ₦9.7 trillion budget deficit for the 2024 fiscal year, the Senate has approved President Bola Ahmed Tinubu’s request to secure a ₦1.77 trillion ($2.2 billion) loan.

The decision was made during Thursday’s plenary session, where a voice vote confirmed the approval following the presentation of a report by the Senate Committee on Local and Foreign Debts.

RELATED NEWS: Tinubu Seeks ₦1.767tn Loan to Tackle 2024 Budget Deficit

Chaired by Senator Wammako Magatarkada (APC, Sokoto North), the committee endorsed the loan request as a vital step in managing the country’s fiscal challenges.

Recall that President Tinubu had submitted the proposal earlier in the week, outlining the loan as a crucial component of his administration’s external borrowing strategy.

 

 

 

 

 

 

Details shortly………….. 

 

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NEWS

Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

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Simon Ekpa, a Finnish citizen of Nigerian descent, has been arrested by Finnish authorities on allegations of inciting terrorist activities.

The Päijät-Häme District Court ordered his detention following an incident that reportedly occurred in Lahti on August 23, 2021.

READ ALSO: Policeman Feared Dead As Gunmen Attack Checkpoint In Abia

The Finnish National Bureau of Investigation (NBI) is also seeking the arrest of four other individuals in connection with the case. Officials say the charges involve public incitement to commit crimes with terrorist intent.

“The detention demands are related to a preliminary investigation in which a Finnish citizen of Nigerian descent, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent,” the police said in a statement.

Details regarding the additional suspects or the specifics of the alleged crimes remain unclear as the investigation continues. Authorities have emphasized the sensitive nature of the case, stating that further information will be disclosed as the inquiry progresses.

This development marks a significant step in Finland’s efforts to combat terrorism and ensure public safety.

 

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COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations

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As the 29th United Nations Climate Change Summit (COP29) nears its conclusion, tensions are rising over a newly published funding proposal aimed at assisting developing nations in addressing climate-induced crises.

The proposal, released by the United Nations Framework Convention on Climate Change (UNFCCC) on Thursday, has sparked widespread debate among delegations, activists, and observers at the summit.

The document, spanning ten pages, outlines funding options to support developing countries in implementing their Nationally Determined Contributions (NDCs) under the 2015 Paris Agreement.

READ ALSO: Osun Explains N75,000 New Minimum Wage

However, it fails to specify how much wealthier nations are required to contribute annually—a key sticking point that has drawn criticism from the Global South and climate advocates.

Ambiguity in Funding Commitments

Critics argue that the absence of concrete figures undermines the credibility of the proposed framework.

Mohamed Adow, Founder and Director of Power Shift Africa, described the proposal as “a blank piece of paper,” highlighting the lack of clarity on financial commitments.

“This is the ‘finance COP.’ We came here to talk about money. The way you measure money is with numbers. We need a cheque, but all we have right now is a blank piece of paper,” Adow remarked during an interview.

The Global South, led by African delegations, is demanding at least $1.3 trillion annually by the end of the decade to adapt to climate change impacts and transition to sustainable energy systems.

Yet, developed nations have yet to commit to a specific annual figure, raising concerns over the summit’s ability to deliver tangible outcomes.

Key Provisions and Concerns

The new text acknowledges the disproportionate impact of climate change on developing nations and the financial barriers they face, including high costs of capital and limited fiscal space.

READ ALSO: NNPCL Launches Utapate Crude Oil Blend, Eyes Production Expansion In 2025

It proposes the establishment of a New Collective Quantified Goal (NCQG) for climate finance, suggesting a framework of “at least USD [X] trillion annually” from 2025 to 2035.

However, the absence of defined numbers has led to frustration among negotiators.

David Tong, Global Industry Campaign Manager at Oil Change International, emphasized the critical role of finance in achieving meaningful progress.

“Without finance, there is no phase-out [of fossil fuels], no energy transition, no adaptation. The ambitious options are simply missing,” Tong stated during a press briefing.

Rising Frustration from the Global South

Delegates from the Global South have expressed dissatisfaction with what they perceive as weak commitments from developed nations.

Many fear that without concrete financial pledges, the summit’s outcomes may fall short of expectations.

“This summit is about delivering justice to those who suffer most from climate impacts. Wealthy nations must step up and provide the necessary funding,” said an African negotiator, speaking on condition of anonymity.

A Critical Juncture

With less than 48 hours remaining in the summit, the stakes are high. The COP29 negotiations in Baku, dubbed the “finance COP,” are expected to set a precedent for addressing the financial needs of vulnerable nations.

Delegates are calling on world leaders to finalize an ambitious NCQG target and bridge the growing divide between developed and developing nations.

 

 

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