Foreign Loans, Sovereign Immunity, By Femi Falana
Clause 8 (1) of the $400 loan agreement signed by Federal Ministry of Finance (Borrower) on behalf of Nigeria and the Export-Import Bank of China (Lender) on September 5, 2018, provides that: “The Borrower hereby irrevocably waives any immunity on the grounds of sovereign or otherwise for itself or its property in connection with any […]
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