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General News of Wednesday, 29 December 2021

Source: www.mynigeria.com

SERAP to sue Buhari over plans to borrow N2 trillion loan

SERAP - President Muhammadu Buhari SERAP - President Muhammadu Buhari

Socio-Economic Rights and Accountability Project (SERAP) said it will sue President Muhammadu Buhari and his administration over the plan to borrow N2 trillion.

Recall that Nigeria is currently facing a burden of N33 trillion debt.

SERAP in a post on its official Twitter account persistent borrowing is antithetical to the constitutional oath of office.

The rights group tweeted, “We’re suing President Buhari and his administration over yet another plan to borrow N2 trillion despite the N33 trillion debt burden facing Nigeria.

“Persistent borrowing is antithetical to the constitutional oath of office. We’ll see them in court to end the debt crisis.”

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