Paris Club Loan Refunds: SERAP drags FG to court over spending

SERAP

The Socio-Economic Rights and Accountability Project on Tuesday disclosed that it has filed a suit before the Federal High Court in Lagos seeking to compel the Account General of the Federation to publish the details of how the N388.304bn London-Paris Club Loan refunds was spent.

The organisation said it filed the suit marked, following allegations that the money was diverted and mismanaged by 35 state governments.

SERAP wants the court to grant it leave to seek an order of mandamus compelling the Accountant General of the Federation, Alhaji Ahmed Idris, to compile and pass information on the spending of the N388.304bn to the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN).

It wants the AGF to, upon receiving the information from the Accountant General of the Federation, take legal action against the state governments which allegedly diverted the funds.

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SERAP wants the states suspected to have diverted the money to widely publish the details of how the funds were spent, including on a dedicated website.

Its lawyer, Timothy Adewale, argued that the alleged diversion of the N388.304bn London-Paris Club loan refunds had undermined the human dignity of workers and pensioners facing difficult circumstances.

He argued that the alleged diversion had deprived workers and pensioners the capacity to fully realise their internationally recognised economic and social rights.

He added, “The allegations of corruption in the spending of the London-Paris Club loan refunds have also exacerbated poverty, social exclusion, and violated the government’s obligation to use its maximum available resources to fully realise the right of all persons especially workers and pensioners who are the most vulnerable among  the population.”

The court has yet to fix any date for the hearing of the suit.