Nah, the collateral is when we give up Layang-layang reef.
Dateline 2017-11-09, Daily Express:
Abdul Rahman described claims that Prime Minister Dato’ Sri Najib Razak had collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion as a total and blatant lie.
He said this in reference to a message which started making its rounds over social media Tuesday afternoon, purportedly to warn Sabahans, Sabah MPs and ADUNs with regard to the Trans Sabah Gas Pipeline (TSGP) project. The message alleged that the Prime Minister has collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion.
“This is a total and blatant lie perpetrated by irresponsible party who would benefit from people’s anger and mistrust towards the federal and state governments.
“I want to announce here that the TSGP is important for Sabahans, industries and non-industries using gas as fuel.
“All this while we have asked for Sabah gas to be used for industry and the people of Sabah, thus we build TSGP from Kimanis to Kota Kinabalu and from there to Tuaran, Kota Belud, Kota Marudu and then to Sandakan and Tawau.