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Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu - Politics - Nairaland

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Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by BeeBeeOoh(m): 8:23pm On Apr 14
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to instruct the relevant ministries, departments, and agencies (MDAs) to furnish the organisation with copies of loan agreements obtained by former presidents Olusegun Obasanjo, Umaru Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari.

SERAP, which made the demand in a Freedom of Information request signed by its Deputy Director Kolawole Oluwadare, is also asking President Tinubu to disclose the spending details of the loans and the interests and other payments so far made on them.

The civil society organisation further urged the President to establish an independent audit on the spending of the loans obtained by the governments of the former presidents and to make public the findings of any such audit.

SERAP, while urging the government to make copies of the agreements public, said it believes that it would prevent waste, corruption, mismanagement, and abuse of public funds.


It stated that no one should be able to pull curtains of secrecy around decisions on the spending of public funds, which it noted can be revealed without injury to the public interest since democracy requires accountability, and accountability requires transparency.

SERAP also insisted that Nigerians are entitled to information about what their government is doing in their name, saying this is part of their right to information.

The organisation claimed that Nigerians’ right to democratic governance allows them to appreciably influence the direction of government and have an opportunity to assess progress, and assign blame.


It also added that if the president publishes the agreements, it would demonstrate his often expressed commitment to government openness and promote accountability and that it would also improve public accountability in ministries, departments and agencies (MDAs).

SERAP further stated that 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 essential public goods and services.

The organisation insisted that the if the requested copies of the loan agreements signed by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari are widely published, it would allow Nigerians to scrutinise it and to demand accountability for the spending of the loans.

SERAP said, “we would therefore be grateful if the recommended measures are taken within seven days of the receipt and publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.

“Our requests are brought in the public interest and in keeping with the requirements of the Nigerian Constitution 1999 [as amended], the Freedom of Information Act, the UN Convention against Corruption, the International Covenant on Civil and Political Rights, and the African Charter on Human and Peoples’ Rights to which Nigeria is a state party.

“According to Nigeria’s Debt Management Office, the total public domestic debt portfolio for the country 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 on loans in 2017, while the government spent $4.4 billion as interest in 2016. For 2015, the interest paid on loans was $5.5 billion.


“SERAP is seriously concerned that 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.

“Publishing copies of the agreements would also ensure that persons with public responsibilities are answerable to the people for their duties, including managing the loans obtained between May 1999 and May 2023.

“Your government has a responsibility to ensure transparency and accountability in how 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 your 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,” SERAP stated.

https://leadership.ng/serap-asks-tinubu-to-publish-loan-agreements-by-obasanjo-others/

3 Likes

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Iberl: 8:35pm On Apr 14
These guys are giving the government wahala grin

2 Likes

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by socialmediaman: 5:33am On Apr 15
Tinubu has stopped publishing the monthly economic report which was published by the CBN every month since 2013 as part of government’s transparency

The last one was published in November 2023.

This report would’ve shown how much of our foreign reserve was lost/used in defending the naira, and other important economic indicators like FDI, Foreign Exchange Inflows etc.

Why is the Tinubu government no longer publishing the monthly economic report?

https://www.cbn.gov.ng/documents/monthlyecoreports.asp

2 Likes

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Urheadmaster(m): 5:34am On Apr 15
They want to make loan their permanent thread mark tongue
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by fredoooooo: 5:36am On Apr 15
Serap should sharap themselves, keep ranting like ya online president you voted.. sebi Tinubu is not ya president why are you asking his administration for anything ..
Common sense 101 ... cheesy grin cheesy grin

8 Likes 2 Shares

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by sammsimm(m): 5:37am On Apr 15
SERAP is a paper tiger

1 Like

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by AbuTwins: 5:37am On Apr 15
This SERAP sef there own too much!

They will go to court and lose the case!

2 Likes 1 Share

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Elinosweet143(f): 5:37am On Apr 15
I wish they will adhere because even me am itching to know where we were, where we are and where we are headed, funny enough Nigerian citizens are not really asking so much of it's government oh seen that we are already catering for ourselves and still paying taxes but the right to this sort of information is very important

1 Like

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by viodemus: 5:45am On Apr 15
An altered list can be made up by any deceitful people. Okp*lor eyes is nothing but deceitful. So, there goes the list.


China, and other important countries are about to do another audit, that means naira will be exposed to turmoil. So, the non thinking leader is about to preposition excuses for the weeks and months ahead. He never takes active responsibility. He is a very lazy and ineffective person.


Nigeria dun enter am, no be small thing.

1 Like

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Onyedikachi231: 6:07am On Apr 15
Anybody against this move is a senseless islamic agabadorian, watch out for their response.




OGA, YOU CANNOT RUN AWAY FROM THIS, WHAT DID YOU SAY HAPPENED ABOUT HAGANA OR HAVE I BURST YOUR LIES.



Empiree:
Show me from Quran and Bible where God nullify the conditions. It where it said those conditions are no longer valid?

Oga are you trying to twist it again?

Why was Hagana formed?

This is the reasons here:

Empiree:
Try to learn how to lie better next time. Did you read the next verses after it also?

Had they been obedient, it would have been theirs

But they disobeyed


Two obedient men tried to guide them


But they still disobeyed


So Moses (A.S) sought refuge from the disobedient people


And then Israel became forbidden for them for 40 years and the disobedient ones regretted their decision a lot. You may read comprehensively on the screenshots below.


Bible also said something similar that the holy Land is not eternal homeland for the Jews.


Did God give Israel the Promised Land for all time (Deuteronomy 4:40)?


In Deuteronomy 4:40 the Lord gave the Israelites this command: “Keep his decrees and commands, which I am giving you today, so that it may go well with you and your children after you and that you may live long in the land the Lord your God gives you for all time.” Does this mean God gave Israel the Promised Land in perpetuity?

This passage contains a conditional offer. Israel would have the Promised Land as they kept God’s “decrees and commands.” The Israelites had to obey God’s statutes in order to remain in the land. History reveals that the Israelites often disobeyed...

∆∆∆

The conditions mentioned in the Bible are also mentioned in the Quran. The conditions are ETERNAL. Anytime they violated the conditions God evicted them from holy Land. The old Israel you are talking about has been destroyed and the Israelites are forbidden from returning to the land to reclaim it as their own till the end of time.

Sir, you still spreading your lies?
So God didn't later give them the land because they weren't obident, when I call you out for disbelieving your quoran you will twist it again, so that is why arabs are running rampage in Israel, Egypt, etc.

But still...


Empiree:
oh...I have always thought you are Yoruba. Alright then

Oga, you no fit use islam filled with lies to be running around, answer my question...

So Solomon is a muslim, but is he a Jew?

Plus, the issue of Hagana you brought, you don't know me but you decided to lie to distort history, anyway I brought it to you so that everyone will know how diabolical the religion can ma? E you look.


Sir, I am still waiting for your answer, there is no way you will run away from the truth.


I am showing you now why haganah was formed, you didn't tell us the muslim arabs were first agressors that made them form it since they can't rely on British to protect them

WITHOUT LIES, ISLAM WILL DIE A NATURAL DEATH

Please, why are Egyptians Arab, in your quoran, during the time we heaard of Moses' people, were there arabs in Egypt or Palestinians in the land you read allah gave to the jews?


Stop running and telling us islam is false, answer my questions please.



What were the Arabs in Palestine “resisting” in 1517, when they murdered Jews in Safed and Hebron?

What were the Arabs in Palestine “resisting” when they murdered Jews and burned Safed down in the Safed Massacre of 1660?

What were the Arabs in Palestine “resisting” in 1834, when they murdered Jews in Safed and Hebron?

What were the Arabs in Palestine “resisting” in 1837, when they murdered Jews in Safed and Hebron?

What “resisting” in 1920, when they murdered Jews in Jerusalem (Nebi Musa Riot)?

What were the Arabs in Palestine “resisting” in 1921, when they murdered Jews in Jerusalem, Jaffa, Tiberias, Safed and Hebron?

What were the Arabs in Palestine “resisting” in 1929, when they murdered Jews in Safed and Hebron?

What were the Arabs in Palestine “resisting” between 1936 and 1939, when they murdered Jews all over the Mandate for Palestine?

Massacring Jews in Palestine is a time-honored hobby for Palestinian Arabs, going back centuries.



Stay within context, you said solomon was a muslim right but allah introduced quoran which existed almost thousands after solomon in Arabic that neither Moses nor solomon spoke...

Answer my questions and stop spitting more lies.
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Mewales: 6:16am On Apr 15
fredoooooo:
Serap should sharap themselves, keep ranting like ya online president you voted.. sebi Tinubu is not ya president why are you asking his administration for anything ..
Common sense 101 ... cheesy grin cheesy grin


Stop reasoning from darkness. At least, wait till NEPA bring light.
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by SoNature(m): 6:57am On Apr 15
SERAP - the most jobless thinktank in Nigeria
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Bankkym: 7:01am On Apr 15
viodemus:
An altered list can be made up by any deceitful people. Okp*lor eyes is nothing but deceitful. So, there goes the list.


China, and other important countries are about to do another audit, that means naira will be exposed to turmoil. So, the non thinking leader is about to preposition excuses for the weeks and months ahead. He never takes active responsibility. He is a very lazy and ineffective person.






Nigeria dun enter am, no be small thing.







Nigeria will be hot for you
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by fredoooooo: 7:01am On Apr 15
Mewales:



Stop reasoning from darkness. At least, wait till NEPA bring light.
There's enough light to light up ya brain , try to get one and stay on your lane .

1 Like

Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by officialfysh(m): 7:07am On Apr 15
Let TINUBU govt set up a committee that should be financed with 10billion to start up with the investigations. Funny 😆 group of people called politicians
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by khattab02: 7:21am On Apr 15
They always preached transparency and openness but once in power those words become archaic to them.




If the list will drag us backwards please let's move forward. Not as if anyone will be punished, jailed or probed.
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by Riskymarvelous(m): 9:34am On Apr 15
fredoooooo:
Serap should sharap themselves, keep ranting like ya online president you voted.. sebi Tinubu is not ya president why are you asking his administration for anything ..
Common sense 101 ... cheesy grin cheesy grin
about to cry shocked shocked shocked
Re: Publish Loan Agreements By Obasanjo, Others - SERAP Tells President Tinubu by fredoooooo: 8:39pm On Apr 15
Riskymarvelous:
about to cry shocked shocked shocked
Your regular Hobby

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