Also being requested by SERAP are the details of the projects on which the overdrafts have been spent, and repayments of all overdrafts to date.
SERAP is also seeking an order to compel the president to explain and clarify whether the twenty five billion dollars overdraft reportedly obtained from the CBN is within the five-percent limit of the actual revenue of the government for 2020.
The suit followed SERAP’s Freedom of Information request to President Buhari which stated that disclosing the details of overdrafts and repayments would enable Nigerians to hold the government to account for its fiscal management and ensure that public funds are not mismanaged or diverted.
In the suit filed at the Federal High Court, Abuja, SERAP is also seeking an order directing and compelling President BUHARI to disclose details of overdrafts taken from the CBN by successive governments between 1999 and 2015.
A date is yet to be fixed by the court for hearing.
