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SERAP Tells World Bank Panel to Investigate Nigeria’s N121.67trn Debt

SERAP

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has sent a complaint to the World Bank Inspection Panel to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigeria’s 36 state governors and to review the implementation of all bank-funded projects by successive governments since 1999. The petition, addressed to the Chair of the Panel, said that N121.67 trillion ($91.46 billion) debt represents external and domestic loans obtained by the Federal Government, the 36 state governments and the Federal Capital Territory (FCT). This came after the Debt

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