According to report reaching oyogist.com, the Socio-Economic Rights and Accountability Project (SERAP) has urged the President of the Senate, Ahmed Lawan and the Speaker, House of Representatives, Femi Gbajabiamila to stop approving loan requests for the federal government.
In a letter dated 16 January 2021, and signed by the CSO’s Deputy Director, Kolawole Oluwadare, the organisation said the National Assembly has a constitutional and oversight responsibility to protect valuable public properties and to ensure a responsible budget spending.
The letter partly reads: “SERAP also urges the National Assembly to stop approving loan requests by the Federal Government if it continues to fail to demonstrate transparency and accountability in the spending of the loans so far obtained”.
