Who needs a "debt trap" (debt/equity swap) when Beijing can just buy a stake in Lekki Port, place it's man in charge, and stack the port's board with three others! One unanswered question: how much equity did #China get for it's $221 million?? #NigeriaNews https://guardian.ng/business-services/lekki-port-receives-221-million-china-harbours-equity-infusion/

Update: The amount of the equity seems to be 52.5% for China Harbour, a controlling position.