Breaking: SERAP takes Buhari to court over N800bn recovered loot
Social Economic Rights and Accountability Project (SERAP) said it has filed a lawsuit before the Federal High Court, Abuja against President Buhari over his failure to publish details of names of people from whom N800 billion in looted funds have been recovered, dates of the recovery, and details of projects on which the money has been spent. In a series of tweets on Sunday, SERAP recalled that Buhari had in paragraph 78 of his speech to mark the occasion of the Democracy Day on June 12, 2020, stated that: “the government has recovered looted funds in excess of N800 billion.
Buhari Explains How Recovered Loot Was Spent
Nigeria’s President Muhammadu Buhari has made clarification on the confusion trailing the whereabouts and spending of recovered looted funds. The Nigerian government in April said the recovered loots were being paid into dedicated accounts with the Central Bank of Nigeria, (CBN). Daily Post reported that Buhari, in his acceptance speech after he clinched the ruling All Progressives Congress presidential ticket on Saturday, said his administration has been spending the recovered money lost to graft on infrastructural structures. The President was, however, not specific on the infrastructural developments ongoing with the recovered funds. “We are attacking corruption head-on. With international support we
