Okonjo-Iweala Denies Facilitating $57.5bn Loan for Biafra

Okonjo-Iweala Denies Facilitating $57.5bn Loan for Biafra
Okonjo-Iweala
Okonjo-Iweala has previously been vocal about distancing herself from political movements or allegations involving her name.

Abuja, Nigeria – The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has firmly dismissed claims that she facilitated a $57.5 billion loan for the Biafra Republic Government in Exile (BRGIE).

The allegation originated from a post by separatist leader, Simon Ekpa, on October 23, 2024, on X (formerly Twitter). In his post, Ekpa claimed that the World Bank and the International Monetary Fund (IMF) were set to provide the massive loan with the assistance of Okonjo-Iweala.

Ekpa’s message read: “The World Bank and IMF have agreed to loan the sum of $57.5 billion to Biafra Republic Government in Exile (BRGIE) to form our government after December 2nd, 2024, declaration of Biafra. I thank our sister, Ngozi Okonjo-Iweala for helping me to facilitate the loan.”

Reacting to the claim, Okonjo-Iweala took to X to strongly refute the statement, describing it as false. In a brief but pointed response, she wrote: “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. Again, I enjoin all those seeking to misuse my name to desist!”

This comes as tensions rise over separatist movements, with claims and counterclaims being circulated online. Okonjo-Iweala has previously been vocal about distancing herself from political movements or allegations involving her name.


Copyright 2024 REPORT AFRIQUE (RA). Permission to use portions of this article is granted provided appropriate credits are given to www.reportafrique.com and other relevant sources.This Article is Fact-Checked. See Policy.
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