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Sani, Wike, others get demand to publish agreements, account for N5.9tr, $4.6b loans

Stephanie OkumagbaLast Seen: Apr 9, 2024 @ 9:24pm 21AprUTC
Stephanie Okumagba
@Thelifestylewriter

4th April 2024 | 12 Views
Milyin » 599399 » Sani, Wike, others get demand to publish agreements, account for N5.9tr, $4.6b loans

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“The Socio-Economic Rights and Accountability Project (SERAP) is calling on Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, to widely share copies of the loan agreements and spending details of about N5.9 trillion and $4.6 billion loans obtained by their states and the FCT. They should also include information about the projects executed with those loans, like where they were carried out.”

SERAP also wants them to invite the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to investigate how the domestic and external loans were spent.

This request from SERAP comes after Governor Uba Sani of Kaduna State revealed that the previous administration left the state with a debt of $587 million, N85 billion, and 115 contractual liabilities, which has made it difficult to pay salaries.

In a Freedom of Information (FoI) request, SERAP emphasizes the public’s right to know how the governors are spending the loans. They believe that publishing copies of the loan agreements and spending details will ensure accountability and transparency in the management of public funds.

SERAP is expecting a response within seven days, and if they don’t hear back, they’re prepared to take legal action to ensure compliance.

Stephanie OkumagbaLast Seen: Apr 9, 2024 @ 9:24pm 21AprUTC

Stephanie Okumagba

@Thelifestylewriter

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