SERAP drags Buhari to court, demands details of foreign loans since 2015


Anti-corruption group, Socio-Economic Rights and Accountability Project, SERAP, has sued President, Muhammadu Buhari, over the alleged failure of his government to provide the details of foreign loans it has so far taken since the start of his administration.

Deputy Director of the group, Kolawole Oludare, who announced this in a statement issued on Sunday said SERAP in its suit prayed the court to issue a mandamus order “to compel President Buhari to tell Nigerians the names of the countries and bodies that have given the loans.

The group also demands to know the specific repayment conditions, and if there is plan to audit the spending of the loans and also resolve any allegations of mismanagement and corruption.”

“Buhari must publish details of loans that have been obtained by the government since May 29, 2015, including the interest rate, the total amount of debts that have so far been incurred by this government, as well as details of the projects on which the loans have been spent.”

Buhari was sued alongside the Attorney General of the Federation, Abubakar Malami; the Minister of Finance, Budget and National Planning, Zainab Ahmed; and Director-General of the Debt Management Office, Patience Oniha.

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