The group further asked the court to order President Buhari to publish the names of countries and bodies that have given the loans to Nigeria.
The Socio-Economic Rights and Accountability Project has asked the Federal High Court to order President Muhammadu to publish the details of loans taken by his administration since May 29, 2015.SERAP also asked the court to order the president to provide details of the interest rate accruing from the debt, the total amount of debts that have so far been incurred by the government, as well as details of the projects on which the loans have been spent.
SERAP also asked the court to “direct and compel President Buhari to tell Nigerians if he would instruct the anti-corruption agencies; Independent Corrupt Practices and Other Related Offences Commission and Economic and Financial Crimes Commission to monitor the spending of all loans obtained since May 2015.”
It added that the suit is “permitted under the Nigerian Constitution 1999 , 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.” It said it feared the growing national debts of money borrowed in the name of Nigeria may have been mismanaged, stolen or squandered.
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