Posted by Regarding a $3.4 billion loan purportedly given to Nigeria by the International Monetary Fund (IMF), two representatives of the Central Bank of Nigeria (CBN) and one from the Office of the Accountant-General of the Federation (OAGF) have been questioned by the Independent Corrupt Practices and Other Related Offenses Commission (ICPC).
According to the twiscoloaded, President Bola Tinubu was sued by the Socio-Economic Rights and Accountability Project, or SERAP, for neglecting to look into a $3.4 billion loan that was either “missing, diverted, or unaccounted for.”
According to the group, the 1999 Constitution’s Sections 16(1) and (2) were followed in this dispute.
Important papers about the loan, which was intended to fund the budget and oversee COVID-19, have been obtained by the ICPC in response to requests for an investigation from a number of civil society organizations.
A person who talked with The Nation claimed that the loan investigation was already underway.
“A thorough examination of the $3.4 billion loan has been initiated by ICPC.
“The commission read the Auditor-General of the Federation’s report before starting the investigation.
“Our detectives are attempting to determine whether the money was misplaced, embezzled, or left unreported.
The CBN, the OAGF, and the Ministry of Finance provided the loan-related documentation.
“This week, there will be interviews with Ministry of Finance officials in addition to the officials from the CBN and OAGF who were interrogated earlier.
“An investigation into the beneficiaries’ varying approval and use of the funds is still ongoing,” he stated.