• About
  • Advertise
  • Careers
  • Contact
Tuesday, July 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

SERAP Drags Buhari To Court Over Nigeria’s Mounting Debts

by ReportersAtLarge
August 2, 2020
in Featured, News
Reading Time: 3 mins read
0
President Muhammadu Buhari

Muhammadu Buhari

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

The Socio Economic Rights and Accountability Project (SERAP) has filed a suit at the Federal High Court, Abuja, asking it to order President Muhammadu Buhari publish details of loans that have been obtained by the government since May 2015; the interest rate, the total amount of debts; and details of the projects on which the loans have been spent.

The suit number FHC/ABJ/CS/785/2020 filed last week is seeking an order of mandamus to compel President Buhari to tell Nigerians the countries and bodies that have given the loans, specific repayment conditions, and whether any public officers solicited and/or received bribes.

“We’ve asked the Federal High Court, Abuja to order President Buhari to publish details of loans that have been obtained by the government since May 2015; the interest rate, the total amount of debts; and details of the projects on which the loans have been spent.

“The suit number FHC/ABJ/CS/785/2020 filed last week is seeking an order of mandamus to compel President Buhari to tell Nigerians the countries and bodies that have given the loans, specific repayment conditions, and whether any public officers solicited and/or received bribes.

“The suit read in part: “Transparency would ensure that the loans are not diverted to private pockets, increase public trust that these loans would be used to benefit Nigerians, provide good value for money, and reassure Nigeria’s creditors.

RelatedPosts

Online Media Executives Laud EU-SDGN’s Contribution To Nigerian Media

NNPP Mourns Buhari’s Death, Says Kwankwanso Will Determine 2027 Presidency

What The Hell About Pastor Yemi Olayinka PhD?

“This suit is permitted under the Nigerian Constitution 1999 (as amended), the Freedom of Information Act; the African Charter on Human and Peoples’ Rights, and the UN Convention against Corruption to which Nigeria is a state party,” SERAP said.

This development comes as the House of Representatives last Tuesday raised the alarm over clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China which it says “wills the sovereignty of Nigeria” in the $400 million loan for the Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project, signed in 2018.

During an investigative hearing into some of the agreements signed between Nigeria and China, last Tuesday, the Chairman, House Committee on Treaties and Agreements, Ossai Nicholas Ossai questioned the Minister of Transportation, Chibuike Amaechi over the controversial clause.

“I have seen from the Ministry of Communications where Nigeria signed off some certain level of its sovereignty if part of the clauses is breached? So, when the National Assembly reacts in this manner, to question some level of agreements being entered into by any ministry of this country with any other nation, we have every right to question that because anything that is going to happen will happen to our generations unborn. Whether we get it from China or not is immaterial.

“The most important thing is that we must save and protect our people as regard agreements, because most of the agreements that have been signed, the National Assembly has no knowledge (of them). Even the details embedded in those agreements are not forwarded to you when demanding counterpart funding.

“You don’t have the details, clause by clause, in line with the Act that established DMO. We need to know those details even before going to sign such agreements. But those details are not provided to the parliament. So, we ,have the right to question them,” Ossai said.

In the agreement which was signed by Federal Ministry of Finance (Borrower) on behalf of Nigeria and the Export-Import Bank of China (Lender) on 5th September, 2018, Article 8(1) of the agreement, provides that: “The Borrower hereby irrevocably waives any immunity on the grounds of sovereign or otherwise for itself or its property in connection with any arbitration proceeding pursuant to Article 8(5), thereof with the enforcement of any arbitral award pursuant thereto, except for the military assets and diplomatic assets.”

Ossai then summoned the Minister of Finance, Budget and National Planning, Mrs Zainab Usman; Minister of Communications and Digital Economy, Dr Ali Isa Pantami and Director-General of Debt Management Office (DMO), Ms Patience Oniha, to appear before the Committee on August 17, 2020 with all relevant documents on the controversial agreements.

Tags: Muhammadu BubariSERAPSocio-Economic Rights and Accountability Project
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

News

Online Media Executives Laud EU-SDGN’s Contribution To Nigerian Media

by ReportersAtLarge
July 14, 2025
0

Online media executives from Oyo, Ekiti, Osun, Ondo, and Ogun states have commended the European Union Support to Democratic Governance...

Read moreDetails
Oluyinka Folahan
News

NNPP Mourns Buhari’s Death, Says Kwankwanso Will Determine 2027 Presidency

by ReportersAtLarge
July 14, 2025
0

The Chairman of the New Nigeria People's Party (NNPP), Ekiti State Chapter, Dr. Oluyinka Folahan, has joined others in mourning...

Read moreDetails
Pastor Yemi Olayinka
Opinion

What The Hell About Pastor Yemi Olayinka PhD?

by ReportersAtLarge
July 14, 2025
0

Prince Yemi Olayinka, a true scion of the soil and a distinguished Ado Prince, embodies an unwavering, almost spiritual dedication...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Coronavirus COVID-19 Death Toll in United States

Omicron: Canada Bars Nigerians, As NCDC Records Three Cases

4 years ago
Accountant-General of the Federation, Ahmed Idris

Court Sends Ex-AGF, Others To Prison Over N109bn Scam

3 years ago

Popular News

  • Top Govt. Officials, Traditional Rulers, Politicians, Grace Oyo Perm Sec, Taiwo Adewale’s Son’s Wedding, Thanksgiving

    0 shares
    Share 0 Tweet 0
  • Online Media Executives Laud EU-SDGN’s Contribution To Nigerian Media

    0 shares
    Share 0 Tweet 0
  • Religious Tensions Flare In Ilorin: Youth Killed, Churches Attacked

    0 shares
    Share 0 Tweet 0
  • NNPP Mourns Buhari’s Death, Says Kwankwanso Will Determine 2027 Presidency

    0 shares
    Share 0 Tweet 0
  • What The Hell About Pastor Yemi Olayinka PhD?

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Top Govt. Officials, Traditional Rulers, Politicians, Grace Oyo Perm Sec, Taiwo Adewale’s Son’s Wedding, Thanksgiving July 15, 2025
  • Online Media Executives Laud EU-SDGN’s Contribution To Nigerian Media July 14, 2025
  • NNPP Mourns Buhari’s Death, Says Kwankwanso Will Determine 2027 Presidency July 14, 2025
  • What The Hell About Pastor Yemi Olayinka PhD? July 14, 2025
  • Why Oyo North Senatorial District Should Produce The Next Oyo State Governor? July 14, 2025
August 2020
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul   Sep »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights