WTO's Ngozi Okonjo-Iweala Denies Involvement in Alleged $57.5 Billion Loan to Biafra.

Written on 24/10/2024
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The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has refuted allegations of her role in securing a $57.5 billion loan for the Biafra Republic Government in Exile (BRGIE).

The claims originated from a now-deleted post by Simon Ekpa, a controversial Biafran agitator, on social media platform X (formerly Twitter).

The post suggested that the World Bank and International Monetary Fund (IMF) had agreed to extend the massive loan to BRGIE, a claim Okonjo-Iweala swiftly dismissed as unfounded.



According to Ekpa, the funds were meant to support the formation of a new government following a proposed declaration of Biafra independence on December 2, 2024.

“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 the December 2nd, 2024 declaration of Biafra. I thank our sister, Ngozi Okonjo-Iweala for helping me to facilitate the loan,” he said.

But Okonjo-Iweala strongly rejected the allegation, describing the statement as outrageous and false.

“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,” she said in a statement on Thursday via X.

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