29.9b loan: Obasanjo rebuffs entreaties from Buhari, moves to block action

By Olaolu Oladipo, Lagos

Indications have emerged suggesting that the brewing clash of interests between a former President, Chief Olusegun Obasanjo and the incumbent, Muhammadu Buhari over the planned move by the Federal Government to secure a $29.9b loan will not abate soon.

This is because the Obasanjo has refused some entreaties to him by Buhari who is said to be at cross roads on how to secure his (Obasanjo’s) support for the move.

Sources close to the former Abeokuta born leader have told BLACKFACE exclusively that Obasanjo has been making frantic moves to block the move being carried out by the Federal Government.

An aide of the former president told our correspondent on Thursday that Obasanjo is greatly pained by the decision and has been doing all within his powers to rebuff all the entreaties to him by Buhari.

According to the aide who pleaded not to be mentioned, “The Federal Government has been using all the tricks available to ensure that Baba (Obasanjo) see reason with it but such efforts have never really worked on Baba who has been insisting that the action would be counter productive on the long run.”

The aide told BLACKFACE that one of the moves made by the government recently was through the Minister of Finance, Mrs. Kemi Adeosun who called the former general to inform him of her desire to visit him, a proposal Obasanjo turned down flatly.

“The Minister of Finance, Kemi Adeosun called Baba on phone to tell him of her desire to visit him. Baba asked what was the purpose of the visit and she said it was aimed at explaining the rationale behind the decision to secure the loan.

“This really angered Baba who told her not to come and that his position on the issue has not and will not change as it will not be in the interest of the masses.” The aide stated in a telephone conversation with our correspondent.

According to him (the aide) Obasanjo has commenced lobbying various international personalities and organisations on the need to block the Federal Government from accessing the loan.

Though, he failed to mention those approach, he however stated that some of the moves have started yielding positive results as some of the people Obasanjo has approached are beginning to see reason with him that the loan would possibly entrap the country perpetually as a debtor.

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