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  • Tue. Jan 14th, 2025

Probe Missing $3.4 bn IMF Loan, SERAP Tells Tinubu

ByRomeo Minalane

Feb 5, 2024
Probe Missing $3.4 bn IMF Loan, SERAP Tells Tinubu

Abuja (Sundiata Post)– President Bola Tinubu has actually been advised to examine the “accusations that $3.4 billion loan acquired from the International Monetary Fund (IMF) is missing out on, diverted or unaccounted for.” The Socio-Economic Rights and Accountability Project (SERAP) that made the call in a declaration on Sunday particularly desires the President to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and proper anti-corruption firms to quickly penetrate the claims. SERAP’s Deputy Director, Kolawole Oluwadare, stated the demand followed the 2020 yearly audited report released recently by the Auditor-General of the Federation files damning discoveries consisting of that there was no file to reveal the motion and costs of the IMF loan. “Anyone believed to be accountable need to deal with prosecution as suitable, if there suffices acceptable proof, and any missing out on IMF loan ought to be totally recuperated and gone back to the general public treasury,” Oluwadare stated. According to the group, there is a genuine public interest in making sure justice and responsibility for these major claims, including that taking suitable steps would end the impunity of criminals. SERAP stated, “Servicing IMF loan that is apparently missing out on, diverted or unaccounted for is double jeopardy for Nigerians– they can neither see nor gain from the tasks for which the loan was authorized; yet, they are made to pay both the loan and accumulated interests.” “Any failure to examine these severe accusations, bring believed criminals to justice and recuperate any missing out on IMF loan would have severe resource allotment and worsen the nation’s financial obligation problem. “We would be grateful if the advised steps are taken within 7 days of the invoice and/or publication of this letter. If we have actually not spoken with you already, SERAP will think about suitable legal actions to oblige your federal government to adhere to our demand in the general public interest.” Tags: Post navigation

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