Nigerians keen on knowing details of the spending of the $460 million loan obtained in 2010 from China to fund the apparently failed Abuja Closed-Circuit Television project, the names of contractors who collected money, and why Nigeria is re-paying the loan, may soon have some answers, as Socio-Economic Rights and Accountability Project has won the latest round in the legal battle to compel the federal government to disclose these details.
The judge granted the order following the argument in court on an exparte motion by SERAP’s counsel Ms Atinuke Adejuyigbe and Mr. Opeyemi Owolabi.
The suit read in part: “Transparency in the spending of Chinese loans is good for everyone, as this would help to increase the effectiveness, legitimacy, and contribution of the loans to the development of public goods and services, and the general public interests.