Court orders FG to account for $460m Chinese loan spent on failed Abuja CCTV project

THE CABLE

A federal high court in Abuja has ordered the President Muhammadu Buhari-led administration to account for the spending of a $460 million Chinese loan to fund the “failed” Abuja closed-circuit television (CCTV) project.

Emeka Nwite, the judge, gave the order while delivering judgement in the freedom of information suit ‘FHC/ABJ/CS/1447/2019’ brought by Socio-Economic Rights and Accountability Project (SERAP).

The judge ordered the government to publish the total amount of money paid to Chinese and local companies and contractors, specific details of the identities of the companies and contractors as well as the implementation of the project.

In December 2019, SERAP filed a lawsuit against Zainab Ahmed, finance minister, over failure to disclose information and specific documents on the total amount of money paid to contractors from the $460 million loan obtained in 2010 from China to fund the Abuja CCTV project.

Ahmed had disclosed that Nigeria was servicing the loan, adding that she had no explanations on the status of the project.

In his judgement, Nwite agreed with SERAP that there was a reasonable cause of action against the government.

“Accounting for the spending of the $460 million Chinese loan is in the public’s interest. It will be inimical for the court to refuse SERAP’s application for judicial review of the government’s action,” he said.

Report

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments