In a statement by its Deputy Director, Kolawole Oluwadare, SERAP also sought the details of the interest rate on such loans, the total amount of debts that have so far been incurred by the government, and details of the projects on which the loans have been spent.
Also joined in the suit are the Attorney General of the Federation and Minister of Justice, Abubakar Malami; Minister of Finance, Budget and National Planning, Zainab Ahmed; and Director-General of the Debt Management Office, Patience Oniha.
However, no date has been fixed for the hearing of the suit.
SERAP is seeking an order of mandamus to direct President Buhari to tell Nigerians the names of countries and bodies that have given the loans, specific repayment conditions, and whether any public officers solicited and or received bribes in the negotiations for any of the loans.
It also asked the court to direct and compel President Buhari to tell Nigerians if he would instruct the Independent Corrupt Practices and Other Related Offences Commission and Economic and Financial Crimes Commission to monitor the spending of all loans obtained since May 2015.”
The group believes the cloudiness in the spending of loans will continue to have negative impacts on the fundamental interests of citizens.
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