Okonjo-Iweala refutes Simon Ekpa’s claim of $57.5bn loan to Biafra

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Thursday refuted claims of her involvement in facilitating a $57.5 billion loan for the Biafra Republic Government in Exile.

A controversial Biafran agitator, Simon Ekpa, in a now-deleted post on X, claimed that the World Bank and the International Monetary Fund (IMF) had agreed to loan $57.5 billion to the BRGIE.

According to Ekpa, the funds were intended to support the establishment of a new government following a proposed declaration of Biafran independence on 2 December 2024.

“The World Bank and IMF have agreed to loan the sum of $57.5 billion to the Biafra Republic Government in Exile (BRGIE) to form our government after the 2nd December 2024 declaration of Biafra. I thank our sister, Ngozi Okonjo-Iweala, for helping me to facilitate the loan,” he said.

However, Okonjo-Iweala firmly 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.

The former Finance Minister also called on individuals misusing her name to cease such actions immediately.

“Again, I urge all those seeking to misuse my name to desist,” said the WTO chief.