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CSO sues Tinubu over failure to account for loans collected by former presidents

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A Nigerian civil society group,
Socio-Economic Rights and Accountability Project (SERAP), has filed a lawsuit against the President Bola Tinubu-led administration over its the failure to publish details of spendings of loans obtained by former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari.

The lawsuit filed on Friday at the Federal High Court, Lagos, on behalf of SERAP by its lawyers Kolawole Oluwadare and Andrew Nwankwo, with the number FHC/L/CS/353/2024, has as defendants the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Debt Management Office (DMO).

In the suit, SERAP is seeking 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.”

The group 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.”

“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,” the CSO said.

“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.

“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.

“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.

“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.

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

Metro

MCC grants Zambia $458m compact deal to boost agro-business

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The Millennium Challenge Corporation (MCC) has granted Zambia a compact of $458 million following more than $377 million in previous grant funding.

MCC Principal Deputy Vice President, Kyeh Kim made the announcement on at the MCC Headquarters in Washington, D.C., while celebrating the completed negotiations, while Charles Tembo, the First Secretary for Press and Public Relations at the Zambian Embassy in Washington, D.C., relayed the information to the African country.

In a statement, Kim highlighted that the deal was the fastest ever negotiated in MCC’s history and praised the Zambian government for its dedication to improving the lives of its people.

“This will continue to push for the prosperity of the Zambian people. The compact started about three years ago. I am hopeful that the agriculture sector will improve agro-business,” she said.

She further expressed confidence that the collaboration between MCC and Zambia would yield positive results and emphasized the importance of maintaining the same spirit and cooperation during the implementation process.

Secretary to the Zambian Treasury, Felix Nkulukusa, noted that the preparations and commitment from both MCC and Zambia demonstrated a strong desire to foster economic growth.

“We are sure that the implementation will be in the shortest time. The first compact taught us valuable lessons, and we are confident that the second compact will be implemented even more effectively,” Nkulukusa said.

Zambia’s Ambassador to the United States, Chibamba Kanyama, also expressed optimism that the renewal of AGOA would enable Zambia to increase its agricultural exports.

“The proposed compact is anticipated to target the agriculture and agro-processing sectors, which have been identified as the most promising areas to unlock inclusive economic growth,” Kanyama statec.

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#EndBadGovernance Protests: Please be patient with Tinubu’s govt, monarchs beg Nigerian youths

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Some prominent traditional rulers in Nigeria have pleaded with Nigerian youths and organizers of the planned nationwide #EndBadGovernance protests scheduled to commence on August 1 to be patient with the President Bola Tinubu administration as the president was working hard to make the country better.

The monarchs, who made the plea following a meeting with Tinubu on Thursday at the Presidential Villa in Abuja, called for calm over the planned nationwide protest meant to demonstrate against the prevailing economic hardship in Nigeria.

President Tinubu had called for the emergency meeting with state governors on the platform of the All Progressives Congress (APC),
prominent traditional rulers and Islamic religious scholars known as Ulamas, as part of efforts by the government to ensure the planned hunger protests is averted.

The protests which are being organised under the hashtag #EndBadGovernance, have gained significant traction on social media prompting the government to engage the traditional rulers urging them to talk to their subjects to shelve the protests.

After the meeting, the revered monarchs including the Sultan of Sokoto, Muhammad Sa’ad Abubakar III, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Emir of Zazzau, Ahmed Bamalli, and Dein of Agbor Kingdom, Ikenchukwu Keagborokuzi I, pleaded with Nigerians to give the government time to make things work in the country.

“The President has said, ‘any leader that you don’t like, wait (until 2027) and vote him out.’ He is open to dialogue. We know that Nigeria faces many challenges. But are we going to destroy our nation by ourselves? Is that what we are all after?” Oba Ogunwusi who co-chairs the National Council of Traditional Rulers of Nigeria, said.

“It is very difficult to build, but it is the easiest to destroy. We are all stakeholders in this country and are stronger as a nation than individually.

“We should talk to ourselves. We need to know that today, it’s a completely different spin. The government, ably led by the President, is willing to engage and dialogue and bring governance very close to the people.

“People that are out there to protest, it is their civic right. But let them put a face to it and don’t let it be hijacked by people that have ulterior motives. That is our stand.

“We the traditional rulers are not in support of people, especially youths, coming out to loot and break down law and order. We condemn such acts fully. We are parents, we are traditional rulers, and we are closer to them (youths). We are going to go back home and continue to engage them.”

On his part, the Emir of Zazzau said traditional rulers were worried about the protests, adding that they could shut down the country.

“There’s nobody who will not be worried about the protests; we’ve seen what has happened in other climes, where governments had been brought down.

“As an ex-diplomat, I have seen what happened in other climes and that is why I am in the position to say what happened in other places.”

“We have made it very clear to President Tinubu that the main problem in this country, especially the north, is insecurity. If the security situation is addressed, certainly people will go back to their farms and the issue of hunger will drastically reduce and disappear,” Bamalli added, urging Nigerians to exercise patience and to listen to the words of wisdom.

“We are very optimistic Nigeria will bounce back to its former position as the leading country in Africa.”

The Dein of Agbor Kingdom also appealed to Nigerian youths to work with the FG using all available opportunities.

“Hearing from Mr. President directly, the take-home message for me is that I can see the passion. But at the same time, I think the government finally understands we are at the precipice.

“We will listen to our youths because they lead the future. The power and strength of Nigeria certainly lie with the young people. We feel your pain. I’m a young person myself.

“It’s been 24 years since I’ve started seeing the nation going in a very unpalatable direction. This protest, I know that it’s very tight in our neck, but let us not destroy our own country,” said the traditional ruler.

“Think of Libya. Libya was a beautiful country; what has happened to Libya, we don’t want it to happen here.

“Let’s go home. Let’s continue to strive to be the best that we can and continue to work with the government to see if we can offer some solutions.

“I think that that would be best rather than to destroy property or injure ourselves,” he advised.

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