SERAP URGES PRESIDENT TINUBU TO PUBLISH LOANS OBTAINED BY PAST ADMINISTRATIONS

The Socio-Economic Rights and Accountability Project (SERAP) has askedPresident Bola Tinubu to publish copies of loan agreements obtained by the administration of past Presidents since 1999

SERAP in a statement issued yesterday by its deputy director, KOLAWOLE OLUWADARE, urged Tinubu “to direct appropriate ministries, departments and agencies (MDAs) to provide the organization with copies of the loan agreements obtained by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari, and also sought “the spending details of any such loans as well as the interests and other payments so far made on the loans.

It therefore urged the president to establish an independent audit on the spending of the loans obtained by the governments of the former presidents, and to make public the findings of any such audit.”

SERAP argued that Nigerians are entitled to information about what their government is doing in their name as this was part of their right to information, adding that publishing copies of the agreements would prevent and combat waste, corruption,mismanagement, and abuse in the spending of public funds.”