Posted 2/4/2024, 11:02:21 AM
SERAP Calls for Probe into Alleged Misuse of $3.4B IMF Loan to Nigeria
- SERAP urges President Tinubu to investigate allegations that $3.4 billion IMF loan is missing or unaccounted for
- Auditor General report shows no documentation for movement and spending of IMF loan
- SERAP calls for prosecution of anyone responsible if sufficient evidence exists
- Missing IMF loan should be fully recovered and returned to public treasury
- Servicing a missing IMF loan is double jeopardy for Nigerians who see no benefits but still pay interest