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The Civil Society Legislative Advocacy Centre (CSLAC) reportedly caution on the National Assembly to cease authorizing foreign and home loan pleas for the President Muhammadu Buhari.
CSLAC stated that the Buhari government couldn’t account for the loans already taken.
Auwal Musa-Rafsanjani, the Executive Director of the group, said this at a news meeting in Abuja.
He contended that a variety of funds obtained by the All Progressives Congress -led administration had been blown without correct accountability.
Musa-Rafsanjani additionally called on the Assembly to persist on the executive to make sure the retrieval of misappropriated, and plundered funds as revealed in numerous government reports.
He remarked that the 2018 discoveries and reports of Nigeria Extractive Industries Transparency Initiatives had proven that there have been some agencies within the extractive sector that did not remit expected funds into the Federation Account.
He explained further that 265 agencies had also failed in the submission of audited reports for 2017, whereas 11 agencies had by no means delivered any monetary account since inception.
He stated it was not in the very best interest of Nigerians to be appropriating funds to agencies that had yet to account for funds it obtained through the years.
He stated, “We must not keep quiet we must speak and put a stop to this mindless looting. Government must focus on blocking the leakages, instead of going for more loans.
“National Assembly must rise and put a stop to this; they have a responsibility to rescue the country. It is therefore our hope that National Assembly denies approval of another loan until these illicit flows are accounted for and recovered.”
