Fiduciary duty of care over Chinese loans


Tribune Online
Fiduciary duty of care over Chinese loans

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HE IMF and other Western agencies have raised issues with regards to China’s open-cheque approach to Africa. I am an admirer of China and do not buy much of the Western propaganda against Beijing. The reason why the Chinese are in Africa if truth be told, is because West has never treated us as equals with whom they can do business. They are in Africa because no banker in London, Paris or Frankfurt would want to lend to anyone in our continent. Western mass media have painted Africa as a black hole into which everything disappears; a continent of war, poverty, disease and desperate youths trying to cross the Mediterranean in…

Source: Nigerian Tribune