ABUJA: Socio- Economic Rights and Accountabilty Project (SERAP) has written to the President Bola Tinubu to direct the Attorney General of the Federation and Minister of Justice Mr. Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly and thoroughly investigate the spending of $1.5 billion World Bank loan obtained by the 36 states and Abuja for poverty reduction and social protection across the states,”.
As stated by SERAP, “Any proceeds of “The truth will be revealed and justice will be best served by pursuing these allegations and presenting the evidence before the court,” added SERAP.
“There are reports that the $3 billion Chinese loans obtained by the Federal Government and the $1.5 billion World Bank loan to the 36 states and Abuja may have been mismanaged or diverted, and in any case remain unaccounted for,” adds SERAP.
The letter pointed out, in part, that it would be completely in accordance with both Nigeria’s international anti-corruption commitments and the Nigerian Constitution in seeking into and prosecute charges of corruption and mismanagement in the use of Chinese and World Bank loans.
It is important to point out that a governor does not have immunity from investigation, however he may be protected from arrest and prosecution. Any perpetrators of corruption and mismanagement of public funds should face prosecution as appropriate, if there is sufficient admissible evidence.”
“There the $3 billion are reports that Chinese loans obtained by the Federal Government and the $1.5 billion World Bank loan to the 36 states and Abuja may have been mismanaged or diverted, and in any case remain unaccounted for,” adds SERAP.
The letter pointed out, in part, that it would be completely in accordance with both Nigeria’s international anti-corruption commitments and the Nigerian Constitution in seeking into and prosecute charges of corruption and mismanagement in the use of Chinese and World Bank loans.
It is important to point out that a governor does not have immunity from investigation, however he may be protected from arrest and prosecution. Any the alleged mismanagement of the $3.121 billion in Chinese loans obtained by the Federal Government.”
