The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly probe the allegations that $3.4 billion loan obtained from the International Monetary Fund (IMF) is missing, diverted or unaccounted for.”
This disclosure is contained in a letter dated February 3, 2024 and signed by SERAP’s Deputy Director, Kolawole Oluwadare, where he noted that the request followed the 2020 annual audited report published last week by the Auditor-General of the Federation with documents damning revelations including that there was no document to show the movement and spending of the IMF loan.
The advocacy group also urged him to ensure that, “anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing IMF loan should be fully recovered and returned to the public treasury.”
Oluwadare in the letter pointed out that there is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators.”
The letter from SERAP partly reads,
