SERAP seeks probe, recovery of N39.5bn duplicated, mysterious projects –

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SERAP seeks spending details of $25Bn CBN overdrafts from 1999

By Olasunkanmi Akoni

Socio-Economic Rights and Accountability Project, SERAP, has urged President Muhammadu Buhari to investigate Mnistries, Departments and Agencies, MDAs, and members of the National Assembly suspected to be responsible for inserting alleged N39.5 billion for apparently 316 duplicated and mysterious projects in the 2021 budget.

In the letter dated May 8, 2021, by SERAP Deputy Director, Kolawole Oluwadare, stated: “Any such investigation should establish whether public funds have been mismanaged, diverted or stolen in the guise of implementing the duplicated and mysterious projects and anyone suspected to be responsible should be prosecuted appropriately, “if there is sufficient admissible evidence, and any stolen public funds should be fully recovered.”.

The organisation said: “The misallocation of public funds for duplicated and mysterious projects has seriously undermined the ability of the indicted MDAs, and the government to ensure respect for…



Source: Vanguard Newspaper