The Socioeconomic Rights and Responsibility Project (SERAP) is seeking details of Nigeria’s loan agreement with China.
The human rights organization made the announcement Monday night via its Twitter page.
A concise statement revealed that a Freedom of Information (FoI) request will be made shortly.
SERAP wants the payment terms of the loans obtained by President Muhammadu Buhari and 36 governors since May 29, 2015.
“Knowing the details of the Chinese loan agreements is a matter of public interest,” the group tweeted.
The lawsuit followed news that China is ready to “take over” Uganda’s Entebbe International Airport over a $ 200 million (Ush712 billion) facility.
The funds were provided after a March 31, 2015 agreement between the country and the Export-Import Bank (Exim) of China.
Some clauses are feared to expose Uganda’s sovereign assets, as are similar concerns in Nigeria.
Embassy spokesman Fang Yi noted that China adheres to the principles of openness, transparency, fairness and mutual benefits.
“All loan agreements, including the Entebbe airport expansion and improvement project, were voluntarily signed by both parties after negotiations with no hidden terms.
“The terms of the loan agreement for the Entebbe airport expansion and improvement project fully comply with current conventions and practices in international financial markets.”
Yi said China has not seized a single project in Africa for failing to repay loans.
On the contrary, the official clarified, the Asian giant is willing to continue efforts to improve Africa’s capacity for development from home.
“China has sought to reduce the burden on African countries by restructuring, mitigating and reducing debt through friendly negotiations,” Yi stressed.
In July, China explained that its financial assistance to Nigeria was mutually beneficial and not a plot to hijack its sovereignty.
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