Politics
SERAP Urges Govs, Wike To Show Details Of Chinese Loans
The Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory (FCT), Abuja, Nyesom Wike to make public details of Chinese loans, liabilities, and other external borrowing obtained.
The demand, according to letters to the parties, covers loans by the sub-nationals, guaranteed by the Federal Government and the SERAP also wants to know the terms and conditions for any such borrowing including the provisions on collateral, according to a statement.
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The SERAP urged them to “provide details of the repayment obligations regarding any Chinese loans, liabilities and other external borrowing obtained and guaranteed by the Federal Government, the interest rates on the loans, and any defaults, debt restructurings, and debt exposure to China and other creditors.”
In addition, the SERAP also urged them to “clarify any investment agreements with Chinese companies and repayment histories of any loans, liabilities and facilities obtained from China and other external creditors and guaranteed by the Federal Government.”
In the letters, signed by its deputy director Kolawole Oluwadare, the SERAP wrote, “We are concerned that your state and the FCT may have failed to efficiently manage your debt obligations, especially your external debt and investment obligations, as guaranteed by the Federal Government.
“The failure to uphold your obligations is contrary to Section 6 of the Debt Management Office Establishment (Etc), Act, and creates financial risks and other exposure to Nigeria with respect to these Chinese loans, liabilities and other external borrowing.
“These Chinese loans, liabilities and other external borrowing by your state and the FCT may not have been used for the purposes for which they have been obtained and terms and conditions guaranteed by the Federal Government.”
The SERAP declared that, the “SERAP is concerned that there is a significant risk of defaults of the Chinese loans, liabilities, and other external borrowing by your state and the FCT, which are guaranteed by the Federal Government.
“There are also significant risks of confiscation of Nigerian assets in foreign jurisdictions by multilateral and bilateral agencies and other creditors in cases of failure by your state and the FCT to satisfactorily observe and fulfil the terms and conditions of the Chinese loans, liabilities and other external borrowing which are guaranteed by the Federal Government.
“The apparent inadequacy of safeguards and accountability mechanisms for these Chinese loans, liabilities and other external borrowing may also expose Nigeria’s assets in foreign jurisdictions to confiscation.
“Your state and the FCT have a shared obligation to ensure that the spending and repayment plans of Chinese loans, liabilities, facilities and other external borrowing are consistent with the provisions of national and international standards, and to prevent or mitigate risks of confiscation of Nigerian assets abroad.
“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government and the FCT to comply with our request in the public interest.
“Despite several external loans, liabilities, investment obligations and external borrowing obtained by your state and the FCT, which are guaranteed by the Federal Government over many years, millions of Nigerians in your state and the FCT continue to lack access to regular electricity supply and have been denied the benefit of renewable energy solutions.
“A recent report by the National Bureau of Statistics (NBS) revealed that over 133 million Nigerians are living in different categories of poverty, the majority of them women and children.
“SERAP is seriously concerned that many of the country’s 36 states and FCT are allegedly mismanaging public funds which may include Chinese loans, liabilities and other external borrowing obtained from bilateral and multilateral institutions and agencies and guaranteed by the Federal Government.
“We urge you to disclose the spending details of these Chinese loans, investment obligations and external borrowing, including details of and locations of projects as well as the implementation status and completion reports, if any, on the projects.
“According to Nigeria’s Debt Management Office, the total external debt for Ogun State is N168,833,006.66 as at December 31, 2023. The total public debt portfolio for the country’s 36 states and the Federal Capital Territory is N9.17 trillion.
“Nigeria’s total public debt stock, including external and domestic debts, increased by ₦24.33 trillion in three months alone, from ₦97.34 trillion ($108.23 billion) in December 2023 to ₦121.67 trillion ($91.46 billion) as of March 31, 2024. The debt represents external and domestic loans obtained by the Federal Government, the 36 state governments and the FCT.
“SERAP notes that the World Bank has approved several loans and other funding facilities to the country’s 36 states including the recent $750 million credit line meant to the states to carry out reforms to attract investment and create jobs.
“The World Bank on 15 December 2020 approved a $1.5 billion loan for Nigeria’s 36 states and the FCT for social protection and strengthened state-level COVID-19 response. The loan aims to help the states build a resilient recovery post-COVID19 and to reduce poverty.
“SERAP is concerned that the Chinese loans and other external borrowing obtained by your state and guaranteed by the Federal Government are vulnerable to corruption and mismanagement.
“Publishing details of the Chinese loans, liabilities, investment obligations and other external borrowing obtained by your state and the FCT which are guaranteed by the Federal Government would allow Nigerians to scrutinise them.
“Section 39(1) of the Nigerian Constitution 1999 [as amended], section 44 of the Fiscal Responsibility Act and article 9 of the African Charter on Human and Peoples’ Rights to which Nigeria is a state party impose legal obligations on your state and the FCT to disclose the details sought.
“Section 41 of the Fiscal Responsibility Act provides: ‘1) The framework for debt management during the financial year shall be based on the following rules: a. Government at all tiers shall only borrow for capital expenditure and human development, provided that, such borrowing shall be on concessional terms with low interest rate and with a reasonable long amortization period subject.’
“Section 44 of the Fiscal Responsibility Act provides: ‘1) Any Government in the Federation or its agencies and corporations desirous of borrowing shall, specify the purpose for which the borrowing is intended and present a cost-benefit analysis, detailing the economic and social benefits of the purpose to which the intended borrowing is to be applied.’
“According to section 21(1)(2) of the Debt Management Office Establishment (Etc), Act, ‘No external loan shall be approved or obtained by the Minister unless its terms and conditions shall have been laid before the National Assembly and approved by, its resolution. (2) The Federal and State Government or any of their agencies shall not obtain any external loan except with a guarantee issued by the Minister.’”
Politics
2027 Presidency: ADP Candidate Raises Alarm Over Plot to Replace Him
The presidential candidate of the Action Democratic Party, ADP, Ambassador Aliyu Bin Abbas, has raised the alarm over alleged moves to replace him as the party’s candidate ahead of the 2027 general elections.
Abbas, in a statement signed by his Special Adviser on Media and Publicity, Okpani Jacob Onjewu Dickson, and made available to journalists in Kaduna on Friday, said any attempt to substitute his name without his consent and outside established legal and party procedures would undermine democratic principles.
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He said he had received information about alleged political pressure concerning the party’s presidential candidacy, although he did not provide independent evidence to substantiate the claim.
According to him, any decision affecting the party’s presidential candidate must comply with the Constitution of the Federal Republic of Nigeria, the Electoral Act, the constitution and regulations of the ADP, as well as applicable procedures of the Independent National Electoral Commission, INEC.
“Any attempt to secretly substitute, withdraw, replace or otherwise compromise my candidacy without my express consent and without strict adherence to the Constitution of the Federal Republic of Nigeria, the Electoral Act, the constitution and regulations of the ADP, and applicable INEC procedures would constitute a grave assault on democratic principles and the rights of our members and supporters,” he said.
Abbas said he emerged as the ADP presidential candidate through the party’s recognised processes, stressing that any subsequent decision concerning the ticket should be handled transparently and in accordance with the law.
“My mandate is not a personal possession of any individual, neither is it a political bargaining chip to be traded behind closed doors,” he said.
The ADP candidate urged the party’s National Chairman, Engr. Yabagi Yusuf Sani, the National Working Committee, Board of Trustees, state chairmen and other stakeholders to protect the integrity of the party’s presidential nomination process.
He also called on the party leadership to preserve official records relating to the presidential primary, nomination, submission of documents and communications with INEC.
Abbas further maintained that any alteration to the party’s presidential ticket should only be undertaken through lawful, transparent and verifiable procedures prescribed by the party’s constitution and relevant electoral laws.
He urged political stakeholders to respect the rights of party members and supporters and allow democratic processes to determine candidates for the 2027 elections.
“Our party belongs to its members. Our mandate belongs to the people. And our democracy belongs to Nigeria,” he said.
Politics
Osun Election: Fear, Violence May Suppress Voter Turnout — Yiaga Africa
A Civil Society Organisation, Yiaga Africa, has warned that rising tension, pre-election violence and inflammatory rhetoric could discourage voters from participating in Saturday’s Osun State governorship election.
The organisation raised the alarm on Thursday during a pre-election press conference in Osogbo, where the Chairperson of the Osun Election Observation Mission, Dr Asmau Maikudi, urged political actors and other stakeholders to create a peaceful environment for voters.
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Maikudi said preparations for the election were broadly on track but stressed that the credibility of the exercise would ultimately depend on the performance of the Independent National Electoral Commission on election day.
She said INEC had carried out key preparations across the state’s 30 Local Government Areas, including Permanent Voter Card distribution, recruitment and training of election officials, mock accreditation, BVAS configuration, stakeholder engagement and election security coordination.
“The electoral umpire had undertaken key preparatory activities across the 30 Local Government Areas, including Permanent Voter Cards (PVCs) distribution, recruitment and training of election officials, mock accreditation, BVAS configuration, stakeholder engagement and election security coordination.
“Election-day credibility will depend on timely deployment, reliable technology, consistent application of the law and effective contingency planning,” she said.
However, Maikudi noted that PVC collection was disrupted in Odo-Otin and Ife Central Local Government Areas, limiting some eligible voters’ ability to obtain their cards.
She said although INEC had announced plans to enable affected voters to download electronic PVCs, limited access to digital services could prevent some voters from benefiting from the arrangement.
“This increases the risk of voter disenfranchisement,” she warned.
On security, the Yiaga Africa official cited the attack on a PVC collection centre in Odo-Otin, politically linked violence in Osogbo and disputes over control of motor parks as developments that had heightened security risks ahead of the poll.
She also expressed concern over what she described as an escalation in incendiary rhetoric and hate speech attributed to political actors.
“Yiaga Africa expressed concern over the escalation of incendiary rhetoric and hate speech attributed to political actors. Such rhetoric could legitimise violence, deepen partisan hostility and undermine public confidence in the electoral process.
“We called for intelligence-led, coordinated and strictly impartial security deployment, with enhanced protection for electoral personnel, facilities, materials and voters,” Maikudi said.
She urged security and law enforcement agencies to investigate and prosecute electoral violence, threats, hate speech and related offences without regard to political status, party affiliation or influence.
Maikudi further warned that unresolved technical problems could disenfranchise eligible voters, create tension at polling units and undermine confidence in the credibility and legitimacy of the election.
She called for more targeted voter education, particularly for women, youths and persons with disabilities, stressing the need to sustain political awareness and civic engagement ahead of the election.
Yiaga Africa also identified voter inducement as a significant integrity risk, saying it had documented the distribution of money and gift items by political actors.
According to Maikudi, some of the distributions were presented as social interventions or charitable support, but their timing and proximity to campaign activities raised concerns about voter inducement and undue influence.
She said voter education activities had expanded since July 1, with INEC, civil society organisations and the National Orientation Agency playing key roles.
Maikudi, however, cautioned that pre-election violence, inflammatory rhetoric and persistent distrust in the electoral process could suppress voter participation on election day.
Politics
Osun 2026: Rising Violence Sparks Fear of Voter Apathy Ahead of Gov Poll
Residents of Osun State have expressed concern that escalating political violence and killings ahead of Saturday’s governorship election could discourage voters from turning out to exercise their franchise.
Some residents who spoke with the News Agency of Nigeria (NAN) on Wednesday also questioned whether the election would be peaceful, free and credible, without disruption, inconclusiveness or cancellation.
SEE MORE: Why Osun Needs Me for Another Term — Adeleke
A civil servant, Seun Akinboboye, said the rising political tension and reported killings could scare voters away from polling units.
He urged candidates and political actors to ensure their supporters obeyed the rules and avoided acts capable of triggering violence.
Akinboboye also appealed to security agencies to provide adequate protection for voters on Election Day to enable them to perform their civic responsibility without fear.
Similarly, a business owner, Demilola Olasunkanmi, said the activities of political thugs had become alarming and required urgent intervention.
She called for increased security during and after the election, urging security personnel to restrict movement during the poll to essential workers and others with legitimate reasons to be on the streets.
Olasunkanmi also advised residents to remain vigilant and cautious to avoid becoming victims of any unforeseen incident.
For Elizabeth Oluwatoyin, the fear of political violence is strong enough to keep her and her family away from the polls.
“All these politicians are the same. It is always about their selfish interest and enriching themselves and their families.
“I will not, because of the election, let them kill me. They have been killing each other for the past two to three months,” she said.
Oluwatoyin said she had warned her daughter against discussing politics publicly to avoid becoming a target.
She also said she had appealed to her husband not to risk his life for any politician, noting that politicians could eventually reconcile after the election.
“As the whole thing is going, I don’t think anybody from my family will go out and vote in this coming governorship election,” she added.
However, an elderly resident, Ajeniwura Adeoye, said he would not allow the violence to prevent him from voting.
“Look at me, I am almost 70 years old and I have been voting since 1979.
“I cannot be intimidated at my age and prevented from coming out now to vote for the candidate I want,” he said.
Adeoye said he believed the killings and shootings were intended to discourage voters from participating in the election.
While acknowledging the concerns over safety, he urged residents to come out and exercise their franchise, noting that the police had assured the public of adequate security.
He also called on the Independent National Electoral Commission (INEC) to remain impartial and urged security agencies to protect voters on Election Day.
Meanwhile, a businesswoman, Ronke Ajibade, said her expectation was for a peaceful election without bloodshed or killings.
She said she would be willing to vote if the security situation remained calm, while appealing to candidates and political parties to play by the rules and reject violence.
Another resident of Owode-Ede, Olawale Ibrahim, described the political atmosphere as frightening, warning that continued tension could discourage voters from participating.
He urged political actors to regard the election as a normal contest in which there would be a winner and a loser, rather than treating it as a do-or-die affair.
NAN reports that there have been a series of killings in Osun ahead of the election, with political parties trading accusations and counter-accusations.
The concerns over voter safety come as the state prepares for Saturday’s governorship election, with residents calling for stronger security measures to ensure that eligible voters can participate without fear.





