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SERAP Sues 36 Governors, Wike Over Trillion-Dollar Loans

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The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the governors of the 36 states of Nigeria and the Minister of the Federal Capital Territory, Nyesom Wike, for allegedly failing to disclose and publish the details of loans totaling N5.9 trillion and $4.6 billion obtained by their respective states and the FCT.

The lawsuit, filed under suit number FHC/ABJ/CS/592/2024, was lodged on Friday at the Federal High Court in Abuja by SERAP’s legal team consisting of Kolawole Oluwadare, Kehinde Oyewumi, and Valentina Adegoke.

In a statement released on Sunday, SERAP urged the court to compel the governors and Mr. Wike to provide an account of the loans and publish the loan agreements, as well as the locations of projects financed by the loans.

The lawsuit follows SERAP’s previous demand, outlined in a statement issued by the organization’s Deputy Director, Kolawole Oluwadare, on March 31, 2024, which was directed to the 37 respondents.

Kaduna State Governor, Uba Sani, expressed concern over the substantial debt inherited from his predecessor, Nasir El-Rufai, on May 29, 2023, stating that the state is now struggling to meet financial obligations such as salary payments.

Sani disclosed that his administration inherited a total of $587 million, N85 billion, and 115 contract liabilities from the previous governor.

In its latest statement, SERAP called upon the court to compel the governors and Mr. Wike to involve the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission in investigating the expenditure of all loans acquired by their respective states and the FCT.

In the suit, SERAP is arguing that “it is in the public interest to grant the reliefs sought. Nigerians have the right to see and scrutinise the loan agreements and know the details of how the domestic and external loans obtained by the governors and FCT minister are spent.

“Opacity in the spending of the loans obtained by the governors and Mr. Wike would continue to have negative impacts on the fundamental interests of the citizens.”

The statement highlighted concerns that numerous states, including the FCT, allegedly utilize public funds, potentially including loans, to finance unnecessary travel, purchase luxury vehicles, and support extravagant lifestyles of politicians.

It further asserted that there are purported mismanagement issues regarding public funds, including both domestic and external loans obtained from various institutions and agencies.

SERAP stressed the necessity of transparency in loan spending, emphasizing its significance in enhancing accountability, curbing corruption, and fostering trust in democratic institutions, ultimately aiming to bolster the rule of law.

The statement also emphasized that state governors and the FCT minister cannot use the excuse that the Freedom of Information Act does not apply to their jurisdictions.

It asserted that legal obligations to disclose the requested information are imposed by both the Nigerian Constitution and the African Charter on Human and Peoples’ Rights.

Although no hearing date has been set for the suit, SERAP lamented that the country’s high poverty rate, underdevelopment, and lack of access to public goods and services are attributed to years of alleged corruption and mismanagement of public funds, including loans obtained by states and the FCT.

SERAP cited the Debt Management Office, stating that the combined public domestic debt of Nigeria’s 36 states and the Federal Capital Territory amounts to N5.9 trillion, while the total public external debt stands at $4.6 billion.

However, SERAP expressed concerns that both domestic and external loans obtained by states and the FCT are susceptible to corruption and mismanagement.

As a result, the respondents are urged to prioritize transparency and accountability in the utilization of these loans to mitigate the risk of corruption and mismanagement.

Politics

Mourinho Returns as Pérez Secures Landslide Victory in Real Madrid Election

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Real Madrid president Real Madrid has confirmed the return of José Mourinho after incumbent president Florentino Pérez secured a landslide victory in the club’s presidential election, extending his rule until 2030.

Pérez won re-election with a commanding 65% of the vote, defeating challenger Enrique Riquelme, who secured 35%, according to the club’s Electoral Board.

The result reinforces Pérez’s long-standing leadership, which has now spanned more than two decades across two separate terms.

SEE ALSO: Bruno Lage Sacked As Benfica Move To Secure Mourinho

Speaking after his victory, Pérez described the outcome as a strong endorsement of his vision for the club’s future, insisting that Real Madrid will continue to thrive both on and off the pitch.

The president also used the moment to confirm a major sporting development—the return of José Mourinho, a move that immediately sparked excitement among supporters.

Mourinho, who previously enjoyed a successful spell at the club, is widely regarded as one of the most influential managers in modern football.

Pérez said the club remains committed to competing at the highest level in Europe, with ambitions of securing a record-extending 16th UEFA Champions League title while continuing the redevelopment of the Santiago Bernabéu Stadium.

He also reaffirmed his stance on the club’s ownership model, stressing that Real Madrid will remain a member-owned institution despite growing global trends toward private ownership in football.

The announcement has been widely interpreted as the beginning of a new competitive era for the Spanish giants, with expectations rising among fans following both the election result and Mourinho’s return.

Pérez ended his address with a call for unity among supporters, including those who did not vote for him, promising to continue addressing concerns while focusing on sporting success.

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2027: Oborevwori, Omo-Agege Trade Fresh Blows Over Tinubu, Obi Endorsements

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The political rivalry between Governor Sheriff Oborevwori and former Deputy Senate President, Senator Ovie Omo-Agege, has escalated once again as both men exchanged heated words ahead of the 2027 general elections.

The confrontation follows renewed political realignments in Delta State, including Governor Oborevwori’s defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), a party he previously defeated in the 2023 governorship election.

SEE ALSO: 2027: Tinubu Will Defeat Atiku If Election Is Rigged — Babachir

Oborevwori has since pledged full support for President Bola Ahmed Tinubu’s re-election bid in 2027, describing the President as his “number one project” and a key political ally whose victory would benefit Delta State.

However, Omo-Agege, who recently left the APC for the Nigeria Democratic Congress (NDC), accused the governor of political fear and abandoning party structures in the state.

“He is not a threat” — Oborevwori

Responding to criticisms, Governor Oborevwori dismissed Omo-Agege’s political relevance, insisting he poses no electoral threat.

“He is not a threat because I’ve won him before,” the governor said, adding that many of the senator’s supporters had already left him before his exit from the APC.

Oborevwori also accused Omo-Agege of political betrayal, claiming he had previously turned against key figures who supported his rise.

“He betrayed James Ibori, he betrayed Great Ogboru, he betrayed O’tega Emerhor. So if he says he wants to betray me, he’s not a threat,” he stated.

“He panicked and ran into APC” — Omo-Agege

Omo-Agege fired back, alleging that the governor defected to the APC out of fear of losing political ground.

“The governor panicked, chickened out, and ran into the APC,” he said.

He insisted that his performance in the 2023 elections proved his continued strength in Delta politics, particularly in Delta Central.

“If Sheriff believed I was not a threat, why didn’t he stay back in the PDP and take me on in 2027?” he asked.

Governance and ₦3.15 trillion controversy

Both politicians also clashed over governance performance and state finances.

Oborevwori defended his administration, saying infrastructure development had improved across all local government areas, with contractors being paid promptly.

“First time in history, no contractor is being owed,” he said, citing ongoing projects such as Effurun Roundabout, DSC Roundabout, and PTI Junction.

Omo-Agege, however, described the administration as underperforming despite receiving over ₦3.15 trillion in three years.

He alleged that about ₦750 billion remained idle in the Central Bank of Nigeria while critical sectors such as healthcare, education, and infrastructure suffer neglect.

Tinubu vs Obi political divide deepens
The rivalry has also taken a national dimension, with both politicians backing different presidential candidates for 2027.

Oborevwori declared support for President Tinubu, calling him Delta’s “in-law” and urging residents to back his re-election.

“Tinubu is my number one project,” he said.
Omo-Agege, on the other hand, declared his support for former presidential candidate Peter Obi, stating that he would contest under the Nigeria Democratic Congress (NDC).

“My presidential candidate in 2027 is Peter Obi,” he said.

Political tensions rise ahead of 2027
Observers say the renewed exchange signals an early start to a high-stakes political battle in Delta State, with shifting alliances and competing loyalties likely to shape the 2027 elections.

With both camps firmly entrenched in opposing political directions, Delta State is expected to remain a major flashpoint in Nigeria’s unfolding political landscape.

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2027: Tinubu Will Defeat Atiku If Election Is Rigged — Babachir

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Former Secretary to the Government of the Federation (SGF), Babachir Lawal, has claimed that President Bola Ahmed Tinubu would emerge victorious against former Vice President Atiku Abubakar if the 2027 presidential election is determined by electoral manipulation.

Lawal made the statement during an appearance on Channels Television’s Politics Today on Monday, where he weighed in on the growing political permutations ahead of the next general election.

According to him, no politician in Nigeria currently possesses the capacity to outmaneuver Tinubu if election rigging becomes the deciding factor in the race for Aso Rock.

ALSO READ: VDM in Trouble as Presidency Seeks Legal Action Over Alleged Fake Tinubu Audio

“If the parameter for winning elections in Nigeria is rigging, nobody can face Bola Tinubu in this country. If Atiku’s strength is in manipulating results, I wish him luck; he will meet the master rigger in front,” Lawal said.

The former SGF further argued that President Tinubu would record a landslide victory if the election outcome were determined by such means, describing the president as a formidable political strategist.

Lawal also took a swipe at Atiku Abubakar, distancing himself from the former vice president’s political ambition and insisting that he would not support his bid for the presidency.

He stated that after studying Atiku’s political history and leadership record, he believes an Atiku administration would perform worse than the current government led by Tinubu.

“I have studied his antecedents and realised that his presidency will be worse than Bola Tinubu’s,” he said.

The former SGF also criticised Atiku for what he described as insufficient engagement with Nigeria’s worsening security situation, including recurring cases of kidnapping and violent attacks in different parts of the country.

Despite his criticism of both Tinubu and Atiku, Lawal maintained that he is yet to endorse any presidential aspirant ahead of the 2027 election.

“I am supporting nobody. I don’t want to be part of anything for now,” he stated.
His comments come shortly after his resignation from the African Democratic Congress (ADC), where he accused the party of manipulating its recent presidential primary in favour of Atiku.

Lawal alleged that results from the exercise were altered to produce a predetermined outcome, claiming that candidates who won in some areas were replaced by individuals loyal to the former vice president.

He said the alleged irregularities influenced his decision to leave the party, which he described as a “rigging machine” ahead of the 2027 elections.

However, the ADC leadership has denied the allegations, insisting that the primary election was conducted transparently and reflected the wishes of party members.

 

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