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Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank

Published

2 years ago

May 14, 2023

Editor

Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the loan.”

SERAP urges Mr Malpass and the World Bank “to reopen discussion on the reportedly approved $800m loan with the incoming administration to clarify the details on the rationale and use of the loan because the term of office of the government of President Muhammadu Buhari ends in May 2023.”

The Federal Government in April announced its plan to spend the $800 million loan as ‘part of its subsidy palliatives measures’. Also, last week, President Buhari requested the Senate’s approval for the World Bank loan. It is unclear whether the request to the Senate is for a fresh loan or the one announced in April.

In the letter dated 13 May 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organization said: “The World Bank should comply with its own Articles of Agreement in disbursing any loans. The Bank should not sacrifice international standards in the rush to disburse the $800m loan to the government.”

SERAP said: “Suspending any disbursement of the loan to the government would reduce the risks and vulnerability to corruption and mismanagement.”

The letter, read in part: “SERAP is concerned that the government is seeking to spend the loan when it has barely two weeks to leave office and when the project objectives and intended purposes for which the loan is reportedly approved and will be disbursed remain unclear.”

“The government has not satisfactorily explained or justified the need for the loan at this time, especially given the lack of clarity on its use and the crippling debt burden, and the disproportionately negative impact of these retrogressive measures on poor Nigerians.”

“The World Bank cannot close its eyes to these important transparency, accountability and human rights issues.”

“The National Economic Council (NEC) on April 27 reportedly suspended the planned removal of subsidy on petroleum products by the end of the Buhari administration.”

“We would consider the option of pursuing legal action should the World Bank refuse to suspend the disbursement of the loan to the Federal Government and to implement the other recommendations contained in this letter, and we may join the government in any such suit.”

“The crippling debt burden is a human rights issue because when the entire country is burdened by unsustainable debts, there will be little money left to ensure access of poor and vulnerable Nigerians to legally enforceable socio-economic rights.”

“There is also a lack of transparency and accountability in the spending of the loans so far obtained. The details of the projects on which approved loans are spent are often shrouded in secrecy.”

“The Bank has a responsibility to ensure that the Federal Government is transparent and accountable to Nigerians in any discussion to obtain loans, credits or grants from the bank and how it spends any approved loans, credits or grants.”

“The Bank’s power to provide loans is coupled with a fiduciary responsibility to ensure that the spending of such funds by the government meets international standards of transparency and accountability, including those entrenched in article 5 of the UN Convention against Corruption.”

“The World Bank should also seek transparency and accountability commitments if the incoming government decides to use the loan to implement the National Social Safety Net Programme (NASSP) because the spending on the programme has been mostly shrouded in secrecy.”

“Under the programme, the government reportedly plans to transfer the sum of N5,000 per month to 10.2 million poor and low income households for a period of six months.”

“SERAP encourages you and the World Bank to in any future engagements with the incoming government insist on accessing information on the spending by the government on the National Social Safety Net Programme (NASSP) since 2015 and the publication of the details of such spending.”

“Under Article 1 of the World Bank Articles of Agreement, the stated purposes of the Bank include ‘to assist in the reconstruction and development’. The Bank is also to ‘be guided in all its decisions by the purposes.’”

“Under Article 3 section 4(vii) of the World Bank Articles of Agreement, loans made or guaranteed by the Bank ‘shall be for the purpose of specific projects of reconstruction or development.’ Also, under Article 3 section 5(b), the Bank ‘shall make arrangements to ensure that the proceeds of any loan are used only for the purposes for which the loan was granted.’”

“According to our information, the Federal Government of Nigeria recently secured a $800 million loan from the World Bank.”

“The government reportedly plans to spend the loan as part of its ‘subsidy palliatives measures’, and aims to target 50 million vulnerable Nigerians or 10 million households.”

“According to the Debt Management Office, Nigeria’s total public debt stock, including external and domestic debts, increased to N46.25 trillion or $103.11 billion in the fourth quarter of 2022.”

News

Police Disown Viral Recruitment Notice, Warn Against Fraud

Published

1 hour ago

September 18, 2025

Editor

The Nigeria Police Force has disowned a recruitment notice circulating on social media, describing it as fake and warning Nigerians not to fall victim to fraudulent schemes.

The document, titled “Nigeria Police Force Recruitment Exercise 2025”, had invited applications from SSCE, OND, HND, and B.Sc. holders, listing requirements such as age limits, fitness standards, and academic qualifications. It also outlined an alleged application process through a supposed police recruitment portal scheduled to open on September 23, 2025.

The notice claimed that candidates were expected to be Nigerian citizens by birth, hold a valid National Identification Number, and meet minimum height and academic criteria. It also warned against membership of secret societies and directed applicants to submit various documents, including birth certificates and guarantor declarations.

In a post on its verified X handle on Thursday, the Nigeria Police Force dismissed the claims and stamped the document “FAKE” to alert the public.

The Police Service Commission (PSC) had earlier issued a similar warning. On August 30, PSC spokesperson Ikechukwu Ani clarified that no recruitment exercise had been announced for 2025.

“The advertorial currently in circulation is fictitious and diversionary,” Ani said. “The Commission has repeatedly urged young Nigerians eager to join the police to be patient and await the official process.”

He added that the forged documents being circulated bear no resemblance to the Commission’s official communication.

The police authorities reiterated that any official recruitment exercise would be publicly announced through verified government platforms.

News

Okpebholo Warns Companies Against Fuelling Edo–Delta Boundary Dispute

Published

2 hours ago

September 18, 2025

Editor

Edo State governor, Monday Okpebholo, has issued a stern warning to companies attempting to exploit the lingering boundary dispute between Edo and Delta states.

Okpebholo cautioned the companies to desist from encroaching on Edo territory while the matter remains before the National Boundary Commission (NBC), for adjudication and adjustment.

The governor’s stance follows a recent reports of encroachment on Edo territory by the Delta State Government and companies allegedly attempting to establish operations on disputed lands.

Okpehbolo, accompanied by the Assistant Inspector-General of Police (AIG), Zone 5, Salman-Dogo Garba, and other top security officials, spoke when he paid a fact-finding visit to the disputed areas.

The disputed territory lies between Urhonigbe Community in Orhionmwon Local Government Area of Edo State, and Umutu community in Ukwuani Local Government Area of Delta State.

Represented by his deputy, Hon. Dennis Idahosa, Okpebholo, while addressing residents of Urhonigbe community, assured them of his administration’s commitment to safeguarding their interests, but urged restraint.

He further urged the affected communities to remain peaceful and law-abiding, stressing that the dispute was being handled at the highest level of national authority.

“We are here at the boundary to see the disputed area and the actual demarcation. We are appealing to the Federal Government and President Bola Ahmed Tinubu to ensure that the NBC steps in and expedites action so that this dispute is resolved once and for all.

“This River Ethiope is a natural boundary. We don’t want any crisis in the South-South or between Edo and Delta states. We are brothers, having once been Bendel State before Delta was created. We want peace, and we want the right thing done quickly.”

“Please don’t take laws into your hands. As a government, we will protect the territorial integrity of Edo State. But we must maintain peace and harmony with our neighbors while this matter is before the NBC,” he pleaded.

Okpebholo emphasised that while his administration was committed to defending Edo territorial claims, it would do so with fairness, peace, and respect for due process.

“Our ultimate goal is to ensure justice, preserve harmony, and protect the integrity of our people and our State,” he affirmed.

In his remarks, AIG Salman-Dogo Garba urged restraint, describing both Edo and Delta as inseparable partners in peace and development despite the dispute.

“I appeal to the communities, Edo and Delta are still brothers despite this land dispute. Be peaceful, avoid violence, don’t take up arms over this matter as it is already before the NBC,” he advised.

News

Release Nnamdi Kanu For Medical Treatment, Ohanaeze President Begs FG

Published

3 hours ago

September 18, 2025

Editor

The President General of Ohanaeze Ndigbo Worldwide, Senator John Azuta-Mbata, has called on the Federal Government to release the detained leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu, to enable him to seek proper medical attention.

This is as Azuta-Mbata called on Igbos across the country to ensure they register in the ongoing voters’ registration exercise and obtain their voter cards.

Azuta-Mbata said this in a short video message of himself speaking, which he sent to The PUNCH on Thursday.

Kanu’s detention has remained one of Nigeria’s most contentious political and security issues in recent years. Kanu, who was first arrested in 2015 on charges bordering on treasonable felony, jumped bail in 2017 and fled the country.

He was rearrested in Kenya in June 2021 in a controversial operation by Nigerian security operatives and has since been held in the custody of the Department of State Services.

He also urged the government to explore a political solution in handling the issue of the detained IPOB leader, saying the apex government does not have any advantage in the continuous detention of the IPOB leader.

Azuta-Mbata stated, “I’m calling upon Ndigbo-nine (Igbos in general) wherever you are in Nigeria to quickly go and take advantage of the voter registration exercise that is going on right now. Go and get your cards as quickly as possible.

“Secondly, I would like to call upon the federal government of Nigeria to quickly release Nnamdi Kanu. The Government has no serious advantage in keeping him. It is important that the government ensures his safety and his welfare, and that the Government must allow him to go and get medical treatment as quickly as possible.

“The Government must adopt a political solution to this situation. I do not believe that the Government has any serious advantage in keeping him any further.”