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Probe Missing, Unaccounted $3.4bn IMF Loan, SERAP Tells Tinubu

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Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney-General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly probe the allegations that $3.4 billion loan obtained from the International Monetary Fund (IMF) is missing, diverted or unaccounted for.”

The 2020 annual audited report published last week by the Auditor-General of the Federation documents revealed damning revelations including that there was no document to show the movement and spending of the IMF loan.

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SERAP also urged him to ensure that, “anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing IMF loan should be fully recovered and returned to the public treasury.”

In the letter dated 3 February 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators.”

SERAP said, “Servicing IMF loan that is allegedly missing, diverted or unaccounted for is double jeopardy for Nigerians—they can neither see nor benefit from the projects for which the loan was approved; yet, they are made to pay both the loan and accrued interests.”

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READ ALSO: SERAP Sues NNPC Over Failure To Account For Nigeria’s Daily Oil Production, Revenues

According to SERAP, “Any failure to investigate these grave allegations, bring suspected perpetrators to justice and recover any missing IMF loan would have serious resource allocation and exacerbate the country’s debt burden.”

The letter, read in part: “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public interest.”

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“The Auditor-General recommends that the money be fully recovered and remitted to the public treasury and those suspected to be involved ‘sanctioned and handed over to anticorruption agencies’.”

“The allegations of corruption in the spending of IMF loan documented by the Auditor-General undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.”

“The allegations suggest a grave violation of the public trust, the provisions of the Nigerian Constitution 1999 (as amended), the country’s anticorruption legislation and international anticorruption obligations including under the UN Convention against Corruption.”

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“According to the 2020 annual audited report by the Auditor-General of the Federation published last week, the US$3.4 billion emergency financial assistance obtained from the International Monetary Fund (IMF) to finance the budget and manage the health crisis stemming from the outbreak of COVID-19 pandemic may have been missing, diverted or unaccounted for.”

READ ALSO: SERAP Drags Akpabio, Oshiomhole, Others To Court, Wants Their Salaries, Pensions Stopped

“According to the Auditor-General, no information or document was provided to justify the movement and spending of Fund.”

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“The Auditor-General wants the money recovered and remitted to the public treasury and for the evidence of remittance to be forwarded to the Public Accounts Committee of the National Assembly.”

“The Auditor-General also recommends that anyone suspected to be involved should be ‘sanctioned and handed over to the EFCC and ICPC for investigation and prosecution, as provided for in paragraph 3112 of the Financial Regulations’.”

“According to reports, Nigeria is expected to spread the payment of the IMF loan from 2023 to 2027. The first instalment, due in 2023, is worth $497.17 million. The second instalment, due in 2024, will be worth $1.76 billion. The third instalment, due in 2025, will be worth $865.27 million.”

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“The final two instalments, due in 2026 and 2027, will each be worth $33.99 million. These instalments will only be interest payments.”

“Investigating the allegations and naming and shaming and prosecuting those suspected to be responsible for the missing IMF would serve the public interest and end the impunity of perpetrators.”

READ ALSO: SERAP, 20 Others Sue Akpabio, Abbas, Others For Increasing Own Budget By N147bn

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“Impunity for corruption in the management of loans obtained by Nigeria will continue as long as high-ranking public officials go largely unpunished for their alleged crimes. It is by pursuing these allegations and taking the evidence before the court that the truth will be revealed and justice best served.”

“SERAP notes that the consequences of corruption are felt by citizens on a daily basis. Corruption exposes them to additional costs to pay for health, education and administrative services.”

“SERAP notes that your government has a sacred duty to ensure that the country’s loans including those obtained from the IMF are transparently and accountably used solely for the purposes for which the loans are obtained, and for the effective development of public goods and services as well as the general public interests.”

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“This implies providing strong leadership in the efforts to curb public sector corruption, and to refer to appropriate anticorruption agencies any allegations of corruption in which any officials and agencies of government may be involved or complicit.”

“Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power’ in the country.”

READ ALSO: Disclose How Much Oil Nigeria Produces, Exports Daily, SERAP Tells NNPC

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“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’”

“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”

“Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on your government to ensure proper management of public affairs and public funds including loans obtained by the country, and to promote sound and transparent administration of public affairs.”

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“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate allegations of corruption and mismanagement of public funds including loans obtained by the country.”

“Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.”

“Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.”

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Katsina Govt Revokes Licenses Of All Private, Community Schools

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The Katsina State Government has withdrawn the operating licenses of all private and community schools in the state, with effect from August 13, 2025.

The announcement came through a circular issued by the Ministry of Basic and Secondary Education and signed by Commissioner Hajiya Zainab Musa-Musawa.

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The ministry’s Public Relations Officer, Malam Sani Danjuma, released the document in Katsina on Saturday.

READ ALSO:JUST IN: Kastina Commissioner Assassinated

According to the circular, the move is part of the government’s effort to strengthen quality assurance and standardization within the education sector.

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The withdrawal of licenses is aimed at ensuring that schools operate in line with approved standards and provide quality education to students,” Danjuma said.

The circular also outlined a review of fees for license application, registration, and annual renewal.

READ ALSO:Katsina, UNDP To Return 270,000 IDPs To Ancestral Homes

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“Owners of affected schools are required to obtain fresh licenses by submitting proof of payment to the ministry on or before September 30, 2025.”

The statement also added that school operators have been warned not to increase tuition or other charges without government approval.

The ministry further promised to issue additional guidelines soon, including categorization of schools and the revised fee structure.

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JUST IN: Oldest Missionary To Nigeria, Ruth Elton, Is Dead

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British-born Nigerian missionary, Ruth Elton, reputed to be the oldest missionary has passed on at the age of 91.

Ruth Elton, born 7 September 1933, was a British-born Nigerian missionary whose lifelong dedication to faith, healing, and revival left an indelible mark on communities across western and central Nigeria.

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It was learnt that Elton died on Saturday at Sharon compound, Alafia Bamin Quarters in Ilesa, Osun State.

She was the only daughter of Pa Elton and her remains have been deposited at the mortuary.

READ ALSO: BREAKING: Former Customs Comptroller-General, Ahmed Aliyu Mustapha, Is Dead

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Ruth Elton, daughter of Sydney Granville Elton (Pa Elton), who is referred to as one of the founding fathers of Pentecostalism in Nigeria, had approached a Kaduna court and nationalised as a Nigerian.

At old age and despite the happenings in Nigeria, she still held in high esteem her father’s prophecies that although Nigeria could be known globally for corruption, it would only for a while as new dawn would beckon when the country would be known worldwide for righteousness and prosperity.

Elton moved to Nigeria in 1937 with her parents and served as a Christian missionary across Egbe, Okene, Koton Karfe, and other parts of Kogi, Ondo, Oyo, and Osun States.

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A naturalised Nigerian, having renounced her British citizenship in the 1970s, she embraced the country completely and became fluent in Ebira and Yoruba.

Elton, who remained single, believed that she had made a true mark in the country and apart from her missionary work, she saw her efforts in taming infant mortality, especially in Okene, Kogi State as a generational impact.

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Relating her experience on infant mortality in the country, Elton recently noted that many newborn babies had passed on due to lack of proper care and hygiene, adding that the practice of force-feeding babies contributed to the challenges, especially in the face of poor awareness.

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DANGER: Six Incurable Diseases You Should Know — And Their Causes

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Diseases are medical conditions that affect the body and disrupt its normal functions. Although healthcare professionals and researchers have made significant progress in finding cures for many diseases, there are still several illnesses without a permanent cure.

While treatment may help manage symptoms or prolong life, the diseases themselves remain incurable.

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In this article, Tribune Online takes a look at six incurable diseases you should know.

HIV/AIDS

Probably the most well-known disease on the list, Human Immunodeficiency Virus (HIV) is a virus that attacks and weakens the immune system, which can develop into Acquired Immunodeficiency Syndrome (AIDS). At this stage, the immune system becomes too weak to fight infections. Although antiretroviral therapy (ART) helps patients live long and healthy lives, there is still no permanent cure for HIV.

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Causes

HIV is primarily contracted through specific bodily fluids: blood, semen, vaginal fluids, anal mucus, and breast milk. The most common ways HIV is spread are through unprotected vaginal or anal sex and sharing needles or syringes. Mother-to-child transmission can occur during pregnancy, childbirth, or breastfeeding.

READ ALSO:WHO Raises The Alarm On Looming Diseases, Disasters

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Cancer

Cancer is a disease caused by the uncontrolled growth of abnormal cells, affecting organs such as the lungs, breasts, and prostate. Treatments like surgery, chemotherapy, and radiation can manage or remove some cancers, but there is no universal cure.

According to Healthline, there is a difference between cure and remission when it comes to cancer. A cure means all traces of cancer are eliminated and will not return, while remission refers to a state where few to no cancer cells remain. Remission may be complete, with no detectable signs of cancer, often within the first five years after treatment, or partial, where the cancer has shrunk but is still present. Even in complete remission, hidden cancer cells can remain and cause the disease to return.

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Causes

Cancer, unlike HIV, is not a contagious disease. Instead, it arises from genetic mutations within cells, which can be inherited, develop over time, or be caused by environmental factors like radiation and chemicals. These mutations cause cells to grow and divide uncontrollably.

Diabetes

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Another incurable disease is diabetes. It is a chronic condition where the body cannot properly control blood sugar levels.

READ ALSO:Heart Diseases, Cancer Lead Causes Of Death Worldwide – Report

While there are many types of diabetes, the major ones are Type 1 and Type 2. In Type 1 diabetes, the body produces little or no insulin, while in Type 2 diabetes, the body cannot use insulin effectively. Although medications, insulin injections, and lifestyle changes help manage the disease, there is no cure. Over time, diabetes can lead to complications such as kidney failure and heart disease.

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Causes

Diabetes is also not contagious. Type 1 diabetes is mainly due to genetics and environmental factors that trigger the immune system to attack insulin-producing cells in the pancreas while Type 2 diabetes on the other hand is caused by a combination of factors such as genetics, lifestyle, and insulin resistance

Alzheimer’s Disease

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Alzheimer’s disease is a brain disorder that slowly destroys memory and thinking abilities. It is the leading cause of dementia among older adults. The disease worsens over time and makes it difficult for patients to perform daily activities. Current treatments can only slow down symptoms or improve quality of life, but they cannot stop the disease or reverse the damage.

Causes

Alzheimer’s develops in the brain when abnormal protein deposits build up, damaging nerve cells and affecting memory. Age, genetics, and family history are the strongest risk factors, while lifestyle factors such as poor cardiovascular health can also contribute to the development of this incurable disease.

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READ ALSO:Things You Need To Know About Anthrax Disease

Amyotrophic Lateral Sclerosis (ALS)

Not only is this disease incurable, but it also does not have a known cause, according to Professor of Neurology Mayowa Owolabi. Amyotrophic Lateral Sclerosis, commonly known as ALS or Lou Gehrig’s disease, is a progressive neurological disorder that affects the nerve cells controlling voluntary muscles. Over time, the nerves that send signals from the brain to the muscles weaken and die, causing patients to lose the ability to move, speak, eat, and eventually breathe.

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Causes

ALS is not a disease that spreads from person to person. The exact cause is unknown, but research suggests it results from a mix of genetic and environmental factors. In some cases, it runs in families, while in others, it occurs randomly.

Parkinson’s Disease

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This is another disease scientists have yet to find a cure for. It is a progressive disorder of the nervous system that mainly affects movement. Parkinson’s disease develops gradually and is marked by tremors, stiffness, and difficulty with balance and coordination.

The condition occurs when nerve cells in the brain that produce dopamine become damaged or die. While medications and therapies can help control the symptoms, there is no cure for Parkinson’s disease, and symptoms worsen over time.

Causes

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Like some other incurable diseases, Parkinson’s does not spread like an infection. It develops when nerve cells in the brain that produce dopamine become damaged or die. While the exact cause is not fully understood, Mayo Clinic notes that factors such as genes and environmental toxins may play a role in the development of the disease.
(TRIBUNE ONLINE)

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