Lawsuit filed by SERAP against Wike, Sani, and Others for Failure to Account for N5.9trn, $4.6bn Loans
Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against Nyesom Wike, the Minister of the Federal Capital Territory, Abuja, and other Nigerian governors for their inability to provide an account of the N5.9 trillion and $4.6 billion loans secured by their respective states and FCT. SERAP is demanding the publication of the loan agreements, as well as information on the projects executed with the borrowed funds.
The lawsuit comes in response to Governor Uba Sani's recent revelation that the previous administration in Kaduna State, led by Nasir El-Rufai, left behind a financial crisis with significant debts, making it challenging for the state to meet its financial obligations, including paying salaries.
Filed under suit number FHC/ABJ/CS/592/2024 last Frid...