The Socio-Economic Rights and Accountability Project SERAP has urged President Bola Tinubu to reject the recently approved $1.08 billion loan from the World Bank.
It said the President should instead direct the Attorney General, Lateef Fagbemi, and anti-corruption agencies to investigate allegations that over N233bn of public funds are missing, diverted, or unaccounted for by various government agencies, including the Nigerian Bulk Electricity Trading Plc.
In a statement released on Sunday, SERAP argued that anyone responsible should face prosecution if there is enough evidence and that any recovered funds should be returned to the public treasury.
“Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing public funds should be fully recovered and remitted to the treasury,” SERAP said.
