SERAP Asks World Bank To ‘Tread Carefully In Disbursing $114.28m Credit For Nigeria’
Socio-Economic Rights and Accountability Project, has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good offices to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the $114.28m credit and grant for COVID-19, which the Bank’s Board of Directors recently approved for Nigeria, including by publishing details on a dedicated website.
In the letter dated 8 August, 2020 and signed by SERAP deputy director Kolawole Oluwadare, the organization said: “The World Bank has a responsibility to ensure that federal authorities and state governments are transparent and accountable to Nigerians in how they spend the approved credit and grant. The Bank should tread carefully in the disbursement of funds or distribution of resources to states if it is to reduce vulnerability to corruption and mismanagement.
“SERAP encourages you and the World Bank in any future engagements with state governments in Nigeria to insist on accessing the information on how governors are spending security votes, and the amounts of public funds states are allocating to pay former governors life pensions, among others, as well as consider the level of corruption within each state before approving any credits and grants.”
“This includes $100 million credit from the International Development Association and $14.28 million grant from the Pandemic Emergency Financing Facility.” Ask President Muhammadu Buhari to instruct the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to jointly track and monitor spending of the credit and grant by state governments;
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COVID-19: SERAP asks World Bank to ‘tread carefully in disbursing $114.28m credit for Nigeria’Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good offices to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the $114.28m credit and grant for COVID-19, which the Bank’s Board of Directors recently approved for Nigeria, including by publishing details on a dedicated website.”
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