Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to unveil the terms and spending details of loans procured by Nigeria’s previous administrations dating back to May 1999.
SERAP has requested Tinubu to instruct relevant government bodies to furnish them with copies of loan agreements secured during the tenures of former Presidents Olusegun Obasanjo, Umaru Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari.
The organization also seeks comprehensive spending breakdowns of these loans, including interest payments made thus far.
Highlighting the tenure of Nigeria’s past presidents, SERAP emphasizes the importance of transparently disclosing these agreements to enable public scrutiny and ensure accountability in loan utilization.
Expressing concerns over the persisting poverty and inadequate access to essential services despite significant loan disbursements, SERAP urges for an independent audit of past loan spending, with results to be made public.
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Referring to recent discrepancies in reported loan amounts by certain state governments, SERAP underscores the need for transparent governance and public access to information.
Citing Nigeria’s constitutional provisions and international obligations, SERAP emphasizes citizens’ right to access government information and urges prompt action from Tinubu’s administration to address their requests within a stipulated timeframe.
