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SERAP Sues Tinubu, Demands Details Of Obasanjo, Buhari, Others’ Loans

Published

1 year ago

June 9, 2024

The Socio-Economic Rights and Accountability Project has taken legal action against President Bola Tinubu’s administration.

The organisation described the move as necessary so as to ensure financial transparency.

The lawsuit demands the publication of detailed spending reports and agreements related to loans acquired by the administrations of former Presidents Olusegun Obasanjo, Umaru Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari.

Filed last Friday at the Federal High Court in Lagos, the suit aims to compel the Minister of Finance, Wale Edun, and the Debt Management Office to disclose how these loans, totaling billions of dollars, were utilised.

SERAP contends that the citizens’ right to know how public funds are spent is fundamental to democratic governance and accountability.

The organisation argued that transparency in loan agreements and expenditures is critical for Nigerians to evaluate their government’s performance, especially in light of persistent extreme poverty and inadequate public services despite substantial borrowing.

According to a Sunday statement signed by its Deputy Director, Kolawole Oluwadare, SERAP said the outcome of the case could significantly impact the transparency and accountability mechanisms in Nigeria’s financial management.

The statement was titled, “SERAP sues Tinubu govt over failure to account for loans by ex-presidents.”

In the suit number FHC/L/CS/353/2024 filed last Friday at the Federal High Court, Lagos, SERAP is asking the court to “direct and compel the Tinubu government to publish the loan agreements obtained by the governments of former Presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari.”

SERAP is also asking the court to “direct and compel the Tinubu government to publish the spending details of any such loans, including the interests and other payments so far made on the loans.”

In the suit, SERAP is arguing that, “No one should be able to pull curtains of secrecy around decisions on the spending of public funds which can be revealed without injury to the public interest. Democracy requires accountability and accountability requires transparency.”

SERAP is also arguing that “The Tinubu government should make it possible for citizens to have access to the agreements and spending details to judge whether their government is working for them or not.”

“The information may help to explain why, despite several billions of dollars in loans obtained by successive governments, millions of Nigerians continue to face extreme poverty and lack access to basic public goods and services,” the statement added.

SERAP is arguing that, “Nigerians’ right to a democratic governance allows them to appreciably influence the direction of government, and have an opportunity to assess progress and assign blame.”

SERAP is also arguing that, “The accountability of government to the general public is a hallmark of democratic governance, which Nigeria seeks to achieve.”

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare and Andrew Nwankwo, read in part: “Publishing the loan agreements would improve public accountability in ministries, departments and agencies (MDAs).”

“Nigerians are entitled to information about what their government is doing in their name. This is part of their right to information.

“Publishing the agreements and spending details would allow the public to see how and on what these governments spent the loans and foster transparency and accountability.

“Publishing the loan agreements signed by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari, and widely publishing the agreements would allow Nigerians to scrutinise it and to demand accountability for the spending of the loans.

“According to Nigeria’s Debt Management Office, the total public domestic debt portfolio for the country’s is N97.3 trillion ($108 billion). The Federal Government’s debt is N87.3 trillion ($97 billion).”

“Nigeria paid $6.2 billion in 2019 as interest on loans while the country paid $6.5 as interest in 2018. Nigeria also paid $5 billion as interest on loans in 2017 while the country paid $4.4 billion as interest in 2016. For 2015, the interest paid on loans was $5.5 billion.

“Substantial parts of the loans obtained by successive governments since the return of democracy in 1999 may have been mismanaged, diverted or stolen, and in any case remain unaccounted for.

“Persons with public responsibilities ought to be answerable to the people for the performance of their duties including the management of the loans obtained between May 1999 and May 2023,” the statement read.

The organisation noted that this action becomes necessary to curb corruption and financial mismanagement.

“The Tinubu government has a responsibility to ensure transparency and accountability in how any loans obtained by the Federal Government are spent, to reduce vulnerability to corruption and mismanagement.”

“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information, including to copies of the loan agreements obtained by successive governments since 1999.”

“By the combined reading of the provisions of the Constitution of Nigeria, the Freedom of Information Act 2011, the International Covenant on Civil and Political Rights, and the African Charter on Human and Peoples’ Rights, there are transparency obligations imposed on the Tinubu government to widely publish the agreements and details of the projects on which the loans were spent.”

“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their government’s activities,” it further read.

Meanwhile, the statement asserted that no date has yet to be fixed for the hearing of the suit.

Headline

Meta Suspends Activists For Showing Election Killings

Published

1 day ago

December 5, 2025

Editor

Meta suspended the Instagram accounts of two Tanzanian activists on Thursday after they posted images of the violent crackdown by security forces on election protests, which authorities have tried to suppress.

Tanzania descended into violence on October 29, the day of elections deemed fraudulent by international observers.

More than 1,000 people were shot dead by security forces over several days of unrest, according to the opposition and rights groups, though the government has yet to give a final toll.

Mange Kimambi, who has more than 2.5 million Instagram followers, had been posting hundreds of photos of the dead and wounded since early November, sent to her by Tanzanians via WhatsApp, she told AFP last month from the United States.

Not all the images have been verified, but AFP fact checkers and other media and investigative sites have found many are real.

On Thursday, Kimambi, in a letter to US President Donald Trump published on X, complained that her Instagram accounts and WhatsApp number had been “deactivated after I raised awareness about a series of severe abuses and horrific events occurring in Tanzania”, including “kidnappings, killings and imprisonment of opposition leaders on fabricated treason charges”.

Another prominent Tanzanian activist, Maria Sarungi Tsehai, who lives in exile, also had her Instagram account suspended, though only within Tanzania.

“Check out @Meta @instagram and their role in enabling the cover up of #TanzaniaMassacre by restricting and deleting our Instagram and Whatsapp accounts,” Tsehai posted on X.

“This is a direct attack on human rights defenders! We work to save lives by whistleblowing about abductions, corruption and killings,” she added.

Contacted by AFP, a spokesperson for Meta justified the action against Kimambi in the name of its “policy against recidivism”, implying she had created new accounts after others were suspended.

The action against Tsehai was a response to “a legal order from Tanzanian regulators”, the spokesperson said.

“If we are unable to provide our services there, millions of people will be deprived of connecting with family and friends,” Meta added.

In early November, Tanzania’s attorney general, Hamza Johari, called for Kimambi to be arrested and threatened to try to have her extradited from the United States, where she lives.

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Why Europe Is Blocking More Nigerian Goods At Its Borders

Published

2 days ago

December 3, 2025

Editor

Nigeria’s exports continue to face repeated rejection in European Union markets, a challenge caused by consistent quality failures, weak regulatory enforcement, and heavy dependence on raw commodities.

New trade figures further show that while export values expressed in naira have risen sharply, dollar earnings have continued to decline, undermining Nigeria’s competitiveness abroad.

Meanwhile, South Africa remains one of the African countries with the highest rate of export acceptance in Nigeria and the EU, highlighting the gaps between both economies’ standards and certification systems.

According to data from International Trade Centre (ITC) , Nigeria’s export earnings fell for a second consecutive year in 2024, dropping by 8.5% to $57.9 billion.

The figure had already declined from $63.3 billion in 2022 to $60.65 billion in 2023. In naira terms, however, total exports rose from ₦26.8 trillion in 2022 to ₦36 trillion in 2023 and surged to ₦77.4 trillion in 2024.

These increases reflect the naira’s steep depreciation, not an improvement in the volume or acceptance of Nigerian goods overseas.

Intelpoint data show that the naira weakened from ₦645.2 to the dollar at the end of 2023 to ₦1,478.9 in 2024, marking the sharpest yearly decline in a decade.

EU border agencies have repeatedly rejected Nigerian agricultural and manufactured goods for failing to meet essential sanitary and phytosanitary requirements.

Frequent violations include excessive pesticide residue, poor traceability, contamination detected during inspection, and inconsistencies in certification documentation issued in Nigeria.

These failures stem largely from fragmented supply chains, weak monitoring capacity and a lack of internationally accredited laboratories.

South Africa, Morocco and Kenya maintain far stronger conformity systems, and South Africa in particular consistently delivers some of the highest acceptance rates across EU ports.

The ITC figures show that oil remains the backbone of Nigeria’s exports, contributing nearly 90 per cent of total earnings between 2022 and 2024. Over that period, the country earned $163.2 billion from crude oil out of total export revenues of $181.8 billion.

Despite this dominance, oil earnings have continued to fall, declining from $57.4 billion in 2022 to $55.6 billion in 2023 and then to $50.3 billion in 2024.

Because crude prices are determined externally and the product is exported with limited value addition, Nigeria gains little competitive advantage from currency depreciation.

Non-oil exports recorded mixed fortunes. Cocoa earnings rose from $679 million in 2022 to $759 million in 2023 and climbed sharply to $2.6 billion in 2024.

Fertiliser exports fell from $1.9 billion in 2022 to $935.4 million in 2024. Ores and residues, however, increased from $158.6 million in 2023 to $824.4 million in 2024.

Despite positive growth in some sectors, quality problems have continued to undermine acceptance in Europe, particularly for foods such as beans, palm oil and processed crops.

Nigeria recorded stronger performance in African markets in 2024 due to the relative strength of the West African CFA franc.

Companies such as Unilever Nigeria, Cadbury Nigeria and Guinness Nigeria reported export sales of ₦22.8 billion in 2024, up from ₦9.92 billion in the preceding year. EU markets, however, maintain stricter inspection standards, and Nigeria’s structural weaknesses continue to limit penetration.

The country’s export structure remains heavily constrained by outdated processing technology, weak inspection capacity, irregular regulatory monitoring, and an overreliance on raw commodities.

Also, pipeline vandalism and crude theft also prevent Nigeria from meeting its production benchmark of 1.7 million barrels per day, despite a rise to 1.5 million barrels per day in 2024.

In December 2023, the Federal Government introduced the Trade Policy of Nigeria (2023–2027), aimed at aligning export regulations with World Trade Organisation rules and boosting global competitiveness.

The policy forms part of a wider reform agenda tied to the Medium-Term National Development Plan (2021–2025) and Agenda 2050.

Despite these initiatives, limited investment in quality assurance, industrial processing and standards enforcement continues to weaken Nigeria’s acceptance in high-value markets such as the EU.

Headline

US Imposes Visa Restrictions On Nigerians Linked To Religious Freedom Violations

Published

3 days ago

December 3, 2025

Editor

The United States government on Wednesday announced visa restrictions targeting individuals involved in violations of religious freedom in Nigeria. The measures may also extend to immediate family members of the affected persons.

In a statement titled “Combating Egregious Anti-Christian Violence in Nigeria and Globally”, the Department of State said the restrictions were being implemented in response to mass killings and attacks on Christians by radical Islamic terrorists, Fulani militias, and other violent actors in Nigeria and elsewhere.

The statement explained that under Section 212(a)(3)(C) of the Immigration and Nationality Act, the State Department would now have the authority to deny visas to those who have “directed, authorised, significantly supported, participated in, or carried out violations of religious freedom,” with the policy potentially extending to their immediate family members.

It further cited former President Donald Trump’s remarks, noting that the United States “cannot stand by while such atrocities are happening in Nigeria, and numerous other countries.” The policy will apply to Nigeria and other governments or individuals implicated in violations of religious freedom.

The announcement follows growing international concern over attacks on religious communities in Nigeria, including targeted killings, abductions, and destruction of property attributed to armed groups.