Socio-Economic Rights and Accountability Project, (SERAP) has expressed concerns over lack of transparency on the recovery of N800 billion loot and alleged suspicious payments into personal accounts under the Buhari administration.
The group therefore, in a letter dated 13 June, 2020 and signed by SERAP deputy director Kolawole Oluwadare, is demanding that President Muhammadu Buhari directs the AGF and Minister of Finance, Budget and National Planning to publish a comprehensive list of names of people from whom N800 billion in looted funds have been recovered, the details of spending of the money and the dates of the recovery.
The letter read in part: “The public has a right to know how recovered N800 billion loot has been spent, and the details and purpose of the alleged payments into individual accounts.”
“Transparency over transactions by the government is critical to ensuring public confidence in the integrity of management of public resources. The authorities are required to set the highest standards of transparency, accountability and probity in the management of these resources and the programmes that they oversee.”
According to SERAP, “publishing the details of projects on which the N800 billion recovered loot have been spent and a comprehensive list of names of people from whom they have been recovered, as well as investigating allegations of payment of billions of naira into individual accounts, and the projects for which the payments were made, would also serve the best interests of the general public.”
BudgIT, a civic tech organization, recently reported that the open treasury portal by the FG has allegedly shown that payments totalling N51 billion were made into individual accounts in 2019.
SERAP said that it is seriously concerned about the allegations that the FG’s transparency portal shows some payment of naira into individual accounts.