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  Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu Buhari to disclose spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) since May 29, 2015, including the projects on which the overdrafts have been spent, and repayments of all overdrafts to date.” SERAP is also seeking an order to compel the president to “explain and clarify whether the $25bn (N9.7trn) overdraft reportedly obtained from the CBN is within the five-percent limit of the actual revenue of the government fo...

SERAP sues Buhari over billion dollars overdrafts taken from CBN “Disclosing details of overdrafts and repayments would enable Nigerians to hold the government to account." 4 min read Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit, asking the court “to compel President Muhammadu Buhari to disclose spending details of the overdrafts and loans obtained from the Central Bank of Nigeria (CBN) since May 29, 2015 including the projects on which the overdrafts have been spent, and repayments of all overdrafts to date.” SERAP is also seeking an orde...

Punch Newspapers Sections Published 5 June 2021 The Federal High Court in Lagos has declared that the National Assembly Service Commission has no power to fix or determine the pay of members of the National Assembly. Rather, the court, in a judgment on Friday by Justice Chuka Obiozor, held that the Revenue Mobilization, Allocation and Fiscal Commission should fix the pay of lawmakers to reflect the current economic realities in the country. According to a statement on Friday by advocacy group, Socio-Economic Rights and Accountability Project, the judgment was delivered in a lawsuit filed by t...

Views: Visits 7 …Says NASS commission can’t determine lawmakers’ remunerationThe Federal High Court in Lagos in a landmark judgment today ordered the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) to fix the salaries and allowances of the 469 members of the National Assembly– 109 in the Senate and 360 in the House of Representatives to reflect the economic realities in the country, and ruled that the National Assembly Service Commission has no power to determine the remuneration and allowances of lawmakers.” The judgment by Justice Chuka Austine Obiozor foll...

Daily Post Nigeria Published The Federal High Court in Lagos in a landmark judgment on Friday ordered the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) to fix the salaries and allowances of National Assembly members to reflect the economic realities in Nigeria. The court declared that the National Assembly Service Commission (NASC) has no power to determine the remuneration and allowances of lawmakers. Justice Chuka Austine Obiozor ruled in the consolidated suits brought by Messers Monday Ubani, John Nwokwu, Socio-Economic Rights and Accountability Project (SERAP), BudgIT, En...