Socio-Economic Rights and Accountability Project (SERAP) has asked the 36 state governors of Nigeria and the minister of the Federal Capital Territory, Abuja, Nyesom Wike, to release copies of the loan agreements and spending details of loans amounting to N5.9 trillion and $4.6 billion.
Socio-Economic Rights and Accountability Project has asked the 36 state governors of Nigeria and the minister of the Federal Capital Territory, Abuja, Nyesom Wike, to release copies of the loan agreements and spending details of loans amounting to N5.9 trillion and $4.6 billion.
SERAP also urged them to invite the Independent Corrupt Practices and Other Related Offences Commission and Economic and Financial Crimes Commission to investigate the spending of the domestic and external loans obtained by the state government and the FCT. The FoI requests, read in part,"we would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and your state to comply with our request in the public interest.There was a problem processing your submission. Please try again later.
"According to Nigeria's Debt Management Office, the total public domestic debt portfolio for the country's 36 states and the Federal Capital Territory is N5.9 trillion. The total public external debt portfolio is $4.6 billion.
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