Okonjo-Iweala Denies Claim Of $57.5bn Loan To Biafra By Simon Ekpa

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, on Thursday debunked 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, had claimed the World Bank and the International Monetary Fund (IMF) have agreed to loan $57.5 billion to BRGIE.

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 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.

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

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