Home Crime SERAP drags FG to court on $460m CCTV fraud

SERAP drags FG to court on $460m CCTV fraud

by CredibleNews

 For keeping mute over non-functional $460 million Abuja Close Circuit Television, CCTV,  project, the Federal Government has been dragged to court by the Socio-Economic Rights and Accountability Project, SERAP.

The Minister of Finance, Budget and National Planning has been sued over the secrecy shrouded in the $460 million loan obtained from China fund the project which was awarded in 2010. 

The anti-corruption focused organization wants the Federal Government to give information about the total amount paid to contractors for the project, name of the contractors and the reasons the project failed and why the Federal Government has continued to re-pay the loan.

The suit is a fall out of SERAP’s Freedom of Information (FoI) request dated 25 October 2019 to Mrs Ahmed, expressing: “concern that Nigerians are being made to pay for the Chinese loans for failed and abandoned projects, and for which they have not benefited in any way, shape or form.”

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare, Opeyemi Owolabi and Ms Atinuke Adejuyigbe and made available on Sunday, read in part: “Transparency in the spending of Chinese loans is good for everyone, as this would help to increase the effectiveness, legitimacy, and contribution of the loans to the development of public goods and services, and the general public interests.”

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