T.I. demands reparations for descendants of enslaved Africans in open letter
Tip is putting U.K.’s Lloyd’s of London “on notice” after the company acknowledged their involvement in the Transatlantic slave trade.
As statues of disgraced slave traders and racist figures come tumbling down as the fight against police brutality and social injustice against Black Americans continues, T.I. implores U.K. insurer Lloyd’s of London to make amends by paying reparations to the descendants of African slaves.
The 300-year-old British insurance behemoth recently acknowledged their role in the enslavement of African bodies in the Transatlantic slave trade.
“There are some aspects of our history that we are not proud of,” Lloyd’s said in a statement to The New York Times. “This was an appalling and shameful period of British history, as well as our own, and we condemn the indefensible wrongdoing that occurred during this period.”
According to The New York Times, Lloyd’s expressed that moving forward, in an effort to make amends, they are committed to investing in the recruitment of more Black, Asian, and other minority groups for employment. They also plan on providing financial support to charities that promote diversity. Additionally, they say that they will examine how they present their history as well as “organizational artifacts” to make sure they are “explicitly non-racist.”
In response, Tip penned an open letter Saturday (July 18) calling Lloyd’s admittance “admirable,” however, the King artist does not think that their admission is enough. The Grammy award-winning rapper described their words as “merely lip service” and “too vague.”
As noted by Afua Hirsch, a columnist at The Guardian, Lloyd’s promise to also steer funds towards other minority groups, however, shows “a complete lack of understanding that this is a history that involves Black people, and not even all Black people, but specifically those of Afro-Caribbean descent.”
T.I. is asking that Lloyd’s share their method of procedure for how they plan on rectifying their “shameful” involvement in the slave trade.
“We demand equitable financial consideration for their ‘shameful role’ (quoting them) they played in the Trans Atlantic Slave Trade,” he captioned on Instagram of the two-page letter addressed to Lloyd’s of London. “Our people have been financially impaired & economically disabled due to the systemic oppression and institutional racism it leaves behind.”
The multi-platinum artist also outlined a series of suggestions of how Lloyd’s can truly make amends.
Giving 10 percent ownership of Lloyd’s to the descendants of African slaves, accurate annual tracking of reparations, a $1 million cash loan at a 1 percent interest rate to every Black American adult once in their lifetime for the next 200 years and the appointment of at least one Black American on its 15-seat board are among the suggestions T.I. lists.
Tip is also encouraging the company to maintain an open dialogue with the community and would like them to present their “comprehensive reparation plan” by fall.
Besides Lloyd’s of London, The New York Times also reports that there are a total of nine British firms who in some way benefited from slavery, even after the practice was abolished. HSBC, Royal Bank of Scotland, Barclays Bank and Lloyds Banking Group are among the companies listed, according to a study by the University College London.
The topic of reparations for the descendants of African slaves in America has been long-debated. More recently, the argument has made its way into the 2020 U.S. presidential race as a hot-button issue.
Nevertheless, some states in America have already taken steps to pay out reparations to descendants of enslaved Africans.
In Virginia, an Episcopal seminary announced that they set aside $1.7 million in reparations for the descendants of slaves who worked on its campus. Georgetown University promised to raise money that would benefit the descendants of the 272 enslaved Africans they sold to help keep the school up and running.
On Tuesday (July 14), the city council of Asheville, North Carolina unanimously voted to give financial payments to Black residents as one of the first U.S. cities to approve reparations.
“We have waited long enough and our community deserves real action and much more than empty apologies or platitudes,” T.I. signed off on the letter. “Please confirm receipt of this letter no later than 10 days from today as we are eager to begin a healthy dialogue about how to best address these issues.”
Check out T.I.’s open letter to Lloyd’s of London demanding reparations for the descendants of African slaves below.
YOU MIGHT ALSO LIKE
Below, our gift guide highlights some of our favorite Walmart finds for anyone in need of a home refresh.
On Oct. 10, Walmart unveiled a brand new, state of the art creative studio on the campus of Central State University.
The Walmart HBCU Black & Unlimited Tour made its final stop at Mississippi Valley State University (MVSU) and left a lasting impact on students and alumni alike.
“REVOLT Black News” correspondent Kennedy Rue counts down the top five moments from the 2023 Billboard Music Awards, including surprising wins, historic firsts, and dope performances. Sponsored by Amazon.
After unveiling their state of the art creative studio on the campus of Central State University, Walmart brought the HBCU Black & Unlimited Tour to Virginia State University (VSU) on Oct. 13.
Walmart HBCU Black & Unlimited Tour brings attention and wisdom to North Carolina Central University
On Oct. 17, Walmart brought the third stop of the HBCU Black & Unlimited Tour to North Carolina Central University (NCCU).
In October, Walmart unveiled a brand new, state of the art creative studio on the campus of Central State University. The HBCU located in Wilberforce, OH was the first stop on Walmart’s Black and Unlimited HBCU Tour.
Groovey Lew on hip hop style, Johnell Young's industry secrets, BGS salon's wig mastery and more | 'Black Girl Stuff'
Fashion King Groovey Lew on masterminding hip-hop’s most iconic looks. Actor Johnell Young reveals the secret to breaking into the entertainment industry. Celebrity hairstylist Dontay Savoy and got2B ambassador Tokyo Stylez are in the BGS Salon with the perfect wig install. Plus, comedian Lauren Knight performs.
On this all-new episode of “On In 5,” multitalented Nigerian artist Pheelz opens up about waiting for his opportunity to fully express himself through music, his inspirations and emotions, and the musical icons he grew up admiring. Watch!
Kareem Cook talks growing up in The Bronx, studying at Duke & networking | 'The Blackprint with Detavio Samuels'
On this all-new episode of “The Blackprint with Detavio Samuels,” the host and REVOLT CEO sits down with Kareem Cook. Throughout the introspective episode, Cook talks growing up in The Bronx, studying at Duke and being nervous to be in the South at the time, network vs. education, taking advantage of your opportunities, and connecting with Debbie Allen. Watch!
Tiffany Haddish on therapy, wild fan interactions & the upcoming 'Haunted Mansion' movie | 'The Jason Lee Show'
On this all-new episode of “The Jason Lee Show,” the one and only Tiffany Haddish sits for a must-watch conversation about wild interactions with fans, her new movie ‘Haunted Mansion,’ bringing her therapist on dates, and being present. Watch the hilarious interview here.
In this new episode of ‘Bet on Black,’ food and beverage take center stage as aspiring Black entrepreneurs from It’s Seasoned, Black Farmer Box, and Moors Brewing Co. present their business ideas to judges with mentorship from Melissa Butler. Watch here!
For this all-new episode of “On In 5,” singer-songwriter BNXN discusses his journey from IT to music, finding his voice and originality, linking up with Wizkid for their hits “Mood” and “Many Ways,” and what fans can expect from him this year — including a new album. Watch the full episode here!
This is the inspiring story of Karen Washington, a pioneering urban farmer who has been revolutionizing urban spaces by transforming them into vibrant community gardens and educational hubs. Sponsored by State Farm.
Lauren London sparks conversation on how Black parents unintentionally give kids negative outlook on money
At the live taping of “Assets Over Liabilities” at REVOLT WORLD, Lauren London opened up about how witnessing the financial decisions adults made during her childhood fueled her outlook on money.
“Every time I’m in trouble, it’s been Black men that have come to my aid,” Madam DA Fani Willis said at REVOLT WORLD while speaking on the stereotype that they are not dependable or worth dating.