SERAP sues Tinubu govt over loans by ex-presidents - Newstrends
Connect with us

News

SERAP sues Tinubu govt over loans by ex-presidents

Published

on

President Bola Ahmed-Tinubu with SERAP
President Bola Ahmed-Tinubu

SERAP sues Tinubu govt over loans by ex-presidents

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the government of president Bola Tinubu “over the failure to publish spending details of the loans obtained by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari.”

The suit was filed against the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Debt Management Office (DMO).

In the suit number FHC/L/CS/353/2024 filed last Friday at the Federal High Court, Lagos, SERAP is asking the court to “direct and compel the Tinubu government to publish the loan agreements obtained by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari.”

SERAP is also asking the court to “direct and compel the Tinubu government to publish the spending details of any such loans, including the interests and other payments so far made on the loans.”

In the suit, SERAP is arguing that, “No one should be able to pull curtains of secrecy around decisions on the spending of public funds which can be revealed without injury to the public interest. Democracy requires accountability and accountability requires transparency.”

SERAP is also arguing that “The Tinubu government should make it possible for citizens to have access to the agreements and spending details to judge whether their government is working for them or not.”

According to SERAP, “The information may help to explain why, despite several billions of dollars in loans obtained by successive governments, millions of Nigerians continue to face extreme poverty and lack access to basic public goods and services.”

SERAP is arguing that, “Nigerians’ right to a democratic governance allows them to appreciably influence the direction of government, and have an opportunity to assess progress and assign blame.”

SERAP is also arguing that, “The accountability of government to the general public is a hallmark of democratic governance, which Nigeria seeks to achieve.”

READ ALSO:

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare and Andrew Nwankwo, read in part: “Publishing the loan agreements would improve public accountability in ministries, departments and agencies (MDAs).”

“Nigerians are entitled to information about what their government is doing in their name. This is part of their right to information.”

“Publishing the agreements and spending details would allow the public to see how and on what these governments spent the loans and foster transparency and accountability.”

“Publishing the loan agreements signed by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari, and widely publishing the agreements would allow Nigerians to scrutinise it and to demand accountability for the spending of the loans.”

“According to Nigeria’s Debt Management Office, the total public domestic debt portfolio for the country’s is N97.3 trillion ($108 billion). The Federal Government’s debt is N87.3 trillion ($97 billion).”

“Nigeria paid $6.2 billion in 2019 as interest on loans while the country paid $6.5 as interest in 2018. Nigeria also paid $5 billion as interest on loans in 2017 while the country paid $4.4 billion as interest in 2016. For 2015, the interest paid on loans was $5.5 billion.”

“Substantial parts of the loans obtained by successive governments since the return of democracy in 1999 may have been mismanaged, diverted or stolen, and in any case remain unaccounted for.”

“Persons with public responsibilities ought to be answerable to the people for the performance of their duties including the management of the loans obtained between May 1999 and May 2023.”

“The Tinubu government has a responsibility to ensure transparency and accountability in how any loans obtained by the Federal Government are spent, to reduce vulnerability to corruption and mismanagement.”

“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information, including to copies of the loan agreements obtained by successive governments since 1999.”

“By the combined reading of the provisions of the Constitution of Nigeria, the Freedom of Information Act 2011, the International Covenant on Civil and Political Rights, and the African Charter on Human and Peoples’ Rights, there are transparency obligations imposed on the Tinubu government to widely publish the agreements and details of the projects on which the loans were spent.”

“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their government’s activities.”

No date has been fixed for the hearing of the suit.

SERAP sues Tinubu govt over loans by ex-presidents

News

FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

Published

on

Carter Bridge in Lagos

FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

The Federal Executive Council (FEC) has approved the demolition and complete reconstruction of Carter Bridge in Lagos, declaring the ageing structure beyond rehabilitation. The decision aims to ensure road safety, reduce congestion, and modernize one of Nigeria’s most critical transport arteries.

Minister of Works, David Umahi, disclosed after the council meeting chaired by President Bola Tinubu that ₦5.6 billion has been allocated to hire advanced engineering consultants for the design and cost assessment of the new bridge. Umahi explained that extensive technical assessments and consultations revealed that the current bridge could no longer safely serve traffic.

“The total recommendation was that Carter Bridge can no longer be rehabilitated; it should be demolished and a new bridge constructed,” Umahi said.

Carter Bridge connects Lagos Island to the mainland and is a vital corridor for commuters, cargo vehicles, and commercial traffic. Its reconstruction is expected to ease traffic congestion, improve transportation safety, and support economic activity in Nigeria’s largest commercial hub.

READ ALSO:

Part of a Nationwide Infrastructure Upgrade

The Carter Bridge project forms part of a broader federal infrastructure program. FEC also approved several major road projects across the country, including:

  • Reconstruction of the Ibadan–Ife–Ilesa Road in the Southwest
  • Redesign of the Kano–Kongolam Road in Northern Nigeria
  • Rehabilitation of the Keffi–Nasarawa–Abaji Road in the North-Central region
  • Completion of the Suleja–Minna Road
  • Reconstruction of the Abuja–Lokoja Road

Umahi emphasized that these are strategic, long-term infrastructure projects, not temporary fixes, and the government aims to deliver at least four completed projects per region for presidential commissioning by May 15.

“These are not palliative works; they are major infrastructure projects for national development,” the minister added.

Modernization and Economic Impact

The new Carter Bridge will incorporate contemporary engineering standards, enhanced durability, and increased capacity for vehicles and pedestrians. Officials say the project will also attract private sector participation, create skilled jobs, and strengthen Lagos’ transport network.

By replacing the ageing structure, the federal government intends to ensure that major transport routes across Nigeria meet modern safety and operational standards, while supporting economic growth and improving daily mobility for millions of Lagos residents.

FG Allocates ₦5.6bn for New Carter Bridge as Old Structure Fails Safety Test

Continue Reading

News

ICPC, NRC Forge Anti-Graft Alliance to Safeguard Rail Assets

Published

on

ICPC, NRC Forge Anti-Graft Alliance to Safeguard Rail Assets

 

The Independent Corrupt Practices and Other Related Offences Commission has pledged closer collaboration with the Nigerian Railway Corporation to strengthen transparency and accountability in the country’s rail sector.

The Resident Anti-Corruption Commissioner (RAAC), Lagos Office, Mr. Alexander Chukwumah, gave the assurance during a courtesy visit to the NRC Managing Director, Dr. Kayode Opeifa, at the corporation’s headquarters.

Chukwumah said the commission was prepared to support the NRC through targeted training programmes aimed at equipping staff with the knowledge to identify and avoid actions that could expose them to corruption-related offences.

He explained that the initiative aligns with the ICPC’s public education mandate to promote integrity across public institutions.

He urged the management of the corporation to work closely with its Anti-Corruption and Transparency Unit, noting that members of the unit had been trained to detect early warning signs and red flags capable of preventing minor lapses from escalating into major institutional crises.

According to him, the visit was also to reinforce the cordial relationship between both agencies and reciprocate the goodwill earlier extended by the railway corporation.

“ICPC is committed to ensuring that NRC workers stay out of trouble. There are ways we can guide you and your team to avoid actions that could expose them to corruption risks,” Chukwumah said.

In his response, Opeifa welcomed the partnership and expressed readiness to deepen collaboration with the anti-graft agency to entrench transparency within the corporation.

The NRC boss observed that the railway system could have achieved greater milestones over the years but for corruption-related setbacks that slowed its growth.

He requested the commission to organise a capacity-building programme for heads of departments and senior management staff to sharpen their understanding of compliance standards and ethical decision-making.

Opeifa identified vandalism of railway infrastructure as a major operational challenge, stressing that the destruction of critical assets continues to strain service delivery.

As part of efforts to curb the menace, he presented anti-vandalism sweatshirts to the ICPC delegation bearing the inscription: “Rails and railway assets are critical national treasures and not scraps.”

He maintained that the corporation operates a strict disciplinary regime, warning that any staff found culpable of collusion or sabotage faces immediate dismissal.

He also commended NRC engineers and other personnel for sustaining operations despite logistical and infrastructural challenges.

On the corporation’s long-term direction, Opeifa reiterated the NRC’s Vision 2-5-10-20 development framework aimed at modernising and expanding the rail network.

He said the first phase prioritises optimising legacy lines and reviving abandoned corridors that once served as economic lifelines, including the Kaduna–Nguru–Kaura Namoda route, with plans to restore services to Zamfara State within the year.

He added that the corporation is advancing a freight-by-rail drive under its “Railing with the States” initiative to enable sub-national governments leverage rail infrastructure for economic growth and enhance connectivity to the nation’s seaports.

Opeifa further disclosed that the NRC plans to gradually transition from diesel-powered locomotives to cleaner energy sources such as gas within the next five years, subject to funding, while working towards doubling Nigeria’s rail assets by 2035.

Continue Reading

News

Tinubu swears in Disu as substantive IGP, chief inaugurates up state police committee

Published

on

Tinubu swears in Disu as substantive IGP, chief inaugurates up state police committee

 

President Bola Tinubu on Wednesday swore in Olatunji Disu as the substantive Inspector-General of Police at the Council Chambers of the State House, Abuja, as the new police chief immediately inaugurated a committee to drive the implementation of state policing.

Disu took the oath of office at 2:53pm after his citation was read by the State House Director of Information and Public Relations, Mr Abiodun Oladunjoye.

The brief ceremony, witnessed by Vice President Kashim Shettima, members of the Federal Executive Council and other top government officials, preceded the FEC meeting, which commenced at 3:01pm.

Among dignitaries present were the Secretary to the Government of the Federation, George Akume; National Security Adviser, Nuhu Ribadu; Chief of Staff to the President, Femi Gbajabiamila; Minister of Police Affairs, Ibrahim Gaidam; FCT Minister, Nyesom Wike; and Head of Service, Mrs Esther Walson-Jack.

The President also swore in newly appointed commissioners of the Revenue Mobilisation Allocation and Fiscal Commission and the Federal Civil Service Commission.

Disu’s confirmation followed his unanimous endorsement by the Nigeria Police Council on Monday, barely a week after Tinubu appointed him acting IGP in the wake of the resignation of his predecessor, Kayode Egbetokun, on February 23, 2026.

At Monday’s Police Council meeting, Lagos State Governor, Babajide Sanwo-Olu, reportedly commended Disu’s track record, particularly his tenure as Commander of the Rapid Response Squad in Lagos between 2015 and 2021.

Nasarawa State Governor, Abdullahi Sule, also described the appointment as merit-based, while Enugu State Governor, Peter Mbah, seconded the motion endorsing him.

Disu, 59, joined the Nigeria Police Force as a Cadet Assistant Superintendent of Police on May 18, 1992. Before his elevation, he served as Assistant Inspector-General of Police in charge of the Special Protection Unit and the Force Criminal Investigation Department Annex in Lagos. He previously held key roles in Lagos and Rivers states.

 

Hours after his inauguration, the new IGP held his first formal engagement with senior officers, during which he announced the constitution of an eight-member committee to oversee the implementation of state policing.

Professor Olu Ogunsakin was named chairman of the committee.

Addressing the force hierarchy, Disu said leadership was “not about position but responsibility,” stressing that professionalism, discipline and accountability must guide policing nationwide.

He underscored the need for restraint in the exercise of authority and respect for human rights, insisting that all Nigerians must be treated with dignity and fairness irrespective of status.

The IGP also pledged to strengthen internal oversight mechanisms, directing that the Public Complaint Unit and the X-Squad be empowered to operate independently.

On decentralisation, Disu said state policing would enable different tiers of government to play more active roles in addressing security challenges across the country.

Continue Reading
HostArmada Affordable Cloud SSD Shared Hosting
HostArmada - Affordable Cloud SSD Web Hosting

Trending