The Socio-Economic Rights and Accountability Project, (SERAP) has urged the World Bank President, Ajay Banga to suspend issuing loans to 36 States of the Federation over alleged mismanagement of public funds.
SERAP Deputy Director, Kolawole Oluwadare, who gave the urge, also appealed to the World Bank to probe the spending of over 8.5 billion dollars loan and other facilities by the 36 State Governors in Nigeria.
Recall that the World Bank has earlier approved several loans and other funding facilities to the 36 States, including the recent 750 million dollars credit line meant for the States to carry out reforms in order to attract investment and create jobs.
Categories: National News