SERAP asks court to order Buhari to publish details of loans, interest rate, total amount, and projects since 2015

The Socio – Economic Rights And Accountability Project has asked the Federal High Court, Abuja to order President Buhari to publish details of loans that have been obtained by the government since May 2015; the interest rate, the total amount of debts; and details of the projects on which the loans have been spent.

The suit number FHC/ABJ/CS/785/2020 filed last week is seeking an order of mandamus to compel President Buhari to tell Nigerians the countries and bodies that have given the loans, specific repayment conditions, and whether any public officers solicited and/or received bribes.

The suit read in part: “Transparency would ensure that the loans are not diverted to private pockets, increase public trust that these loans would be used to benefit Nigerians, provide good value for money, and reassure Nigeria’s creditors.

This suit is permitted under the Nigerian Constitution 1999 (as amended), the Freedom of Information Act; the African Charter on Human and Peoples’ Rights, and the UN Convention against Corruption to which Nigeria is a state party.”

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