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JUST IN: SERAP Drags 36 Govs, Wike To Court Over N5.9tn, $4.6bn Loans

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The Socio-Economic Rights and Accountability Project has filed a lawsuit against the governors of the 36 states of the Federation, and the Minister of the Federal Capital Territory, Nyesom Wike, over their failure to account for, and publish the agreements of the N5.9 trillion and $4.6 billion loans obtained by their states and the FCT, respectively.

The suit, numbered FHC/ABJ/CS/592/2024 was filed on Friday on behalf of SERAP by its lawyers – Kolawole Oluwadare, Kehinde Oyewumi and Valentina Adegoke, at the Federal High Court, Abuja.

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The statement, which was made available to newsmen on Sunday, asked the court to “direct and compel the governors and Mr. Wike to account for N5.9trn and $4.6bn loans obtained by their states and the FCT and to publish copies of the loan agreements, location of projects executed with the loans.”

The suit is a sequel to SERAP’s demand which was addressed to the 37 respondents in a statement issued by the organisation’s Deputy Director, Kolawole Oluwadare on March 31, 2024.

READ ALSO: Account For FAAC Allocations Or Face Lawsuit, SERAP Tells Govs, FCT Minister

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Kaduna State Governor, Uba Sani, had bemoaned the huge debt inherited from his predecessor, Nasir El-Rufai, on May 29, 2023.

Sani said the state is now left with few amounts, not enough to pay salary, adding that his administration inherited a total of $587m, N85bn and 115 contract liabilities from the ex-governor.

In the statement, SERAP urged the court to “direct and compel the governors and Mr. Wike to invite the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission to investigate the spending of all the loans obtained to date by their states and the FCT.”

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In the suit, SERAP is arguing that “it is in the public interest to grant the reliefs sought. Nigerians have the right to see and scrutinise the loan agreements and know the details of how the domestic and external loans obtained by the governors and FCT minister are spent.

READ ALSO: Account For N5.9tn, $4.6bn Loans, SERAP Gives Sani, Wike, Others Ultimatum

“Opacity in the spending of the loans obtained by the governors and Mr. Wike would continue to have negative impacts on the fundamental interests of the citizens.”

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The statement noted that many states, including the FCT, “reportedly” spend “public funds which may include the loans obtained by them to fund unnecessary travels, buy exotic and bulletproof cars and generally fund the lavish lifestyles of politicians,” adding that they are “allegedly mismanaging public funds which may include domestic and external loans obtained from bilateral and multilateral institutions and agencies.”

The organisation demanded transparency in the spending of the loans as they are “fundamental to increase accountability, prevent corruption, and build trust in democratic institutions with the ultimate aim of strengthening the rule of law.”

The statement equally noted that the state governors and the FCT minister “cannot hide under the excuse that the Freedom of Information Act is not applicable to their states and the FCT.”

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READ ALSO: Probe Missing $15bn, N200bn Of Oil Revenues, SERAP Tells Tinubu

It stated that the “legal obligations to publish the information sought are also imposed by the provisions of the Nigerian Constitution and the African Charter on Human and Peoples’ Rights.”

While no date has been fixed for the hearing of the suit, SERAP lamented that the poverty rate, underdevelopment and lack of access to public goods and services in the country are a result of the “many years of allegations of corruption and mismanagement of public funds including the loans obtained by the states and FCT.”

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SERAP quoted the Debt Management Office, saying, “The total public domestic debt portfolio for the country’s 36 states and the Federal Capital Territory is N5.9 trillion. The total public external debt portfolio is $4.6 billion.”

However, SERAP said that the loans – domestic and external, as obtained by the states and the FCT are” vulnerable to corruption and mismanagement,” hence, the respondents “have a responsibility to ensure transparency and accountability in how any loans obtained by the states and FCT are spent, to reduce vulnerability to corruption and mismanagement.”

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PHOTOS: Peace Restored In Delta Community As Council Boss, Takeme, Wades In

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Tuomo, a riverine community in Delta State’s Burutu Local Government Area, is experiencing renewed calm following decisive intervention by local authorities to settle a heated leadership crisis.

On Monday, Burutu LGA Chairman, Dr. Julius Takeme, led a peace delegation to the area, spearheading reconciliation discussions and reinforcing the government’s commitment to long-term stability.

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Dr. Takeme highlighted his administration’s resolve to implement Governor Sheriff Oborevwori’s broader peace and security strategy for Burutu LGA.

Dr. Julius Takeme, Chairman, Burutu LG during the meeting on Monday, 30 June, 2025

Addressing the main source of discord—the controversial selection process for a new Amananawei (traditional ruler)—he emphasized the need for transparent and lawful resolution to avoid further division within the community.

READ ALSO: Clark’s Burial: Preparation In Top Gear As Burutu LG Boss Inspects Venue

“The council has zero tolerance for lawlessness or abuse of power,” Dr. Takeme declared, warning against intimidation, violence, or any form of extrajudicial detention.

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A cross section of community people during the peace/reconciliation meeting on Monday, 30 June,2025.

In direct remarks to Tuomo Community Chairman, Mr. Edonyaibo Morentei Warebi and the newly confirmed Amananawei, Chief Arebebe Ebiyemi, he stressed the responsibility of leadership to uphold legality and promote inclusiveness.

“Leadership should be anchored on the rule of law, not on threats or coercion,” he told them, urging both leaders to unite the community and fulfill their electoral commitments. He further warned against any mishandling of the reconciliation process, assuring residents that the administration remained fully invested in protecting lives and fostering peace.

The chairman was accompanied by a high-level delegation that included the Nigeria Police Area Commander for Burutu, ACP Redengha Timpa, whose on-the-ground presence was vital in maintaining order and preventing renewed conflict. Senior officials from the local government also joined the mission, demonstrating a coordinated approach to crisis management.

A cross section of community women during the peace/reconciliation meeting on Monday, 30 June,2025.

READ ALSO: Delta: Burutu LG Boss, Takeme, Inaugurates Peace, Advocacy Committee

During his address, Dr. Takeme commended the police for their professionalism and praised ACP Timpa’s continuous engagement as a key factor in defusing tensions and restoring a sense of security among residents.

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In response, Chief Arebebe Ebiyemi delivered a vote of thanks, acknowledging the chairman’s consistent intervention and pledging to work tirelessly for peace and unity. Community Chairman Mr. Warebi promised a leadership style grounded in inclusiveness and dialogue, describing this period as an opportunity to rebuild community trust and heal divisions.

Chief Ebiyemi further assured the council of his readiness to collaborate with all stakeholders in promoting a more harmonious and united Tuomo.

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JUST IN: Dangote Refinery Slashes Petrol Price

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The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre.

Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30.

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PMS price has been reduced from N880 to N840 per litre effective 30th June,” Chiejina said.

 

READ ALSO: BREAKING: Again, Dangote Refinery Cuts Petrol Price

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Recall that the Dangote refinery hiked the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of crude oil to almost $80 per barrel.

The PUNCH earlier reported that marketers anticipated that there would be a new price regime from Monday.

Dangote’s partners like MRS, Heyden and AP are expected to adjust their pump prices soon.

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Ondo Confirms Petitions Seeking Coroner’s Inquest Into Akeredolu’s Death

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Ondo State Attorney General and Commissioner for Justice, Dr. Olukayode Ajulo, on Monday confirmed receipt of petitions demanding a formal coroner’s inquest into the death of former Governor Oluwarotimi Akeredolu.

In a statement shared with The PUNCH, Ajulo declared that the public has every right under the Coroners Law of Ondo State to demand clarity in cases where foul play is suspected or questions linger.

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It is not out of place for citizens to demand its invocation when there are legitimate concerns.

“The Attorney General is duty-bound to act in accordance with the law once such concerns are raised by members of the public,” he stated.

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According to Ajulo, the Ministry of Justice has received multiple petitions, including from professional bodies and residents of the late governor’s hometown, urging his office to investigate what they described as troubling inconsistencies surrounding Akeredolu’s death.

Ajulo disclosed, “We have received petitions from groups both within and outside the state.

“Let me be clear: due process will be followed. The law is there to serve the people and ensure that truth and justice prevail.”

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He noted that while emotions are running high, no individual will be presumed guilty, and neither will the process be derailed by sentiment or political interference.

READ ALSO:Memorial Lecture: Akeredolu’s Widow Knocks Aiyedatiwa, Says ‘It’s Entry Point To Chop Money’

If invitations or arrests need to be made, the process will not deviate from doing the needful,” he declared.

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Ajulo clarified that decisions such as inspecting the governor’s remains or summoning individuals fall squarely under the discretion of the Coroner Judge.

The law will be allowed to take its course,” he emphasized.

Calling for calm and restraint, the Attorney General urged all stakeholders to approach the matter with a “deep sense of responsibility” to the legacy of the late governor and the peace of the state.

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READ ALSO:Memorial Lecture: Akeredolu’s Widow Knocks Aiyedatiwa, Says ‘It’s Entry Point To Chop Money’

We must approach this issue with civility, dignity, and a deep sense of responsibility to the legacy of the late Governor and the peace of the state,” he said.

Reaffirming the stance of the state’s leadership under Governor Lucky Aiyedatiwa, Ajulo wrote, “No one is above the law, and no one is beneath its protection. “Where the law provides a remedy, the government of Governor Aiyedatiwa will not be found wanting.”

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Until his death, Akeredolu was a two-term Governor of Ondo State and former President of the Nigerian Bar Association.

Reports from the state government stated that he died on December 27, 2023, at 67, after a prolonged battle with prostate cancer.

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