Business News

SERAP Drags Wike, Governors to Court Over FAAC Allocations

Nyesom Wike

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of the Federal Capital Territory, Mr Nyesom Wike, and the 36 state governors over their failure to account for trillions of FAAC allocations collected by their states and the FCT since 1999. The rights group filed the lawsuit last Friday at the Federal High Court, Abuja after the Federation Account Allocation Committee (FAAC) disbursed N1.123 trillion to the federal, state, and local governments for March 2024. SERAP also said the three tiers of government shared N1.208 trillion in April. While states collected N398.689 billion in March,