Probe Missing $3.4bn IMF Loan, SERAP Urges Tinubu
President Bola Tinubu has been urged to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly probe the allegations that $3.4 billion loan obtained from the International Monetary Fund (IMF) is missing, diverted or unaccounted for.
The Socio-Economic Rights and Accountability Project (SERAP) call followed the 2020 annual audited report published last week by the Auditor-General of the Federation documents damning revelations including that there was no document to show the movement and spending of the IMF loan.
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SERAP also urged Tinubu to ensure that anyone suspected to be responsible should face prosecution as appropriate if there is sufficient admissible evidence.
The group stated that any missing IMF loan should be fully recovered and returned to the public treasury.
In the letter dated 3 February 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said there is a legitimate public interest in ensuring justice and accountability for these serious allegations.
