External Loans: SERAP Drags Buhari to Court
The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Abuja to order President Muhammadu Buhari to publish the details of loans that have been obtained by his administration since May 29, 2015.
In a statement on Sunday by its Deputy Director, Kolawole Oluwadare, SERAP also sought the details of the interest rate on such loans, the total amount of debts that have so far been incurred by the government, and details of the projects on which the loans have been spent.
It made the request in a suit marked FHC/ABJ/CS/785/2020 filed before the court in the nation’s capital. Also joined as respondents include the Attorney General of the Federation and Minister of Justice, Abubakar Malami; Minister of Finance, Budget and National Planning, Zainab Ahmed; and Director-General of the Debt Management Office, Patience Oniha.
However, no date has been fixed for the hearing of the suit. The National Assembly had approved a loan of N850 billion and another $22.79 billion loan requested by the President for government projects and others.