Thursday, September 20, 2018

Tag "SERAP"

    INEC to SERAP: We can’t prosecute Ekiti vote buyers

INEC to SERAP: We can’t prosecute Ekiti vote buyers

The Independent National Electoral Commission (INEC) says it lacks the constitutional power to arrest and investigate politicians involved in vote-buying.In a letter sent to the Socio-Economic Rights and Accountability Project (SERAP), Okechukwu Ndech, INEC’s acting secretary, said the commission can only partner with relevant security agencies to prosecute electoral offenders.SERAP had in a letter dated July 17 asked INEC to [...]

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    SERAP opposes planned sharing of Abacha loot, calls it ‘mere tokenism’

SERAP opposes planned sharing of Abacha loot, calls it ‘mere tokenism’

The Socio-Economic Rights and Accountability Project (SERAP) has asked the federal government to reconsider its plan to share the $320bn Abacha loot among poor households in Nigeria.In May, President Muhammadu Buhari said the recovered loot will be put into the conditional cash transfers (CCT) scheme targeted at the “poorest of Nigerians”.Tukur Rumar, representative of the National Cash Transfer Office (NCTO), [...]

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    Budget alteration: SERAP asks Buhari to sue n’assembly for ‘crimes against humanity’

Budget alteration: SERAP asks Buhari to sue n’assembly for ‘crimes against humanity’

The Socio-Economic Rights and Accountability Project (SERAP) has accused the national assembly of committing “crimes against humanity” by altering various allocations in the 2018 budget.While signing the budget on Wednesday, Buhari revealed that the lawmakers added 6,403 projects of their own to the 2018 budget proposal he sent to them.“The national assembly made cuts amounting to N347 billion in the allocations to [...]

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    SERAP: N17bn added to 2015 budget a breach of UN convention against corruption

SERAP: N17bn added to 2015 budget a breach of UN convention against corruption

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to order an investigation into the N17 billion allegation regarding the 2015 budget.In her book — ‘Fighting Corruption is Dangerous: The Story Behind the Headlines’ —, Ngozi Okonjo-Iweala, a former minister of finance, had said members of the national assembly increased their budget by N17 billion before it was [...]

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    $16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

$16bn power project: Refer Obasanjo to EFCC, SERAP tells Buhari

The Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to initiate probe against ex-President Olusegun Obasanjo for allegedly mismanaging $16 billion meant for power projects in the country.It asked the president to refer the allegation to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to be investigated [...]

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    SERAP asks court to compel senators to return N13.5m monthly allowance

SERAP asks court to compel senators to return N13.5m monthly allowance

The Socio-Economic Rights and Accountability Project (SERAP) has asked the federal high court, Lagos, to order Senate President Bukola Saraki and 107 senators to refund the "illegal" N13.5 million monthly allowance.Last month, Shehu Sani, senator representing Kaduna central, disclosed that members of the upper legislative chamber were getting the amount as running cost on a monthly basis.In a suit marked [...]

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    SERAP: 55 politicians, high-level public officials stole N1.3trn in seven years

SERAP: 55 politicians, high-level public officials stole N1.3trn in seven years

The Socio-Economic Rights and Accountability Project (SERAP) says N1.354 trillion was stolen from the nation’s coffers by "55 politicians and high-level public officials" between 2006 and 2013.SERAP said this on Wednesday in Lagos while unveiling its report titled ‘Letting the big fish swim’.The organisation said the amount of money “embezzled, misappropriated or stolen by public officials and leaders in the [...]

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    SERAP to Buhari: Granting amnesty to Boko Haram a denial of justice to victims

SERAP to Buhari: Granting amnesty to Boko Haram a denial of justice to victims

The Socio-Economic Rights and Accountability Project (SERAP) has criticised President Muhammadu Buhari’s plan to grant unconditional amnesty to repentant Boko Haram insurgents.The group says such a plan will be tantamount to a denial of justice for victims of insurgency.In an open letter addressed to Buhari, SERAP said Boko Haram would continue to undermine peace and stability in the country if he [...]

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    Declare herdsmen attacks act of terrorism, SERAP tells UN

Declare herdsmen attacks act of terrorism, SERAP tells UN

The Socio-Economic Rights and Accountability Project (SERAP) says the UN Security Council should declare the attacks by herdsmen in the country as terrorist activities.In a letter written to the council and dated March 16, SERAP said it is concerned that the Muhammadu Buhari-led government is "failing to uphold its responsibility to protect the citizens from increasing atrocities by the herdsmen."SERAP [...]

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    SERAP to Buhari: Explain to Nigerians why $1bn needed to fight ‘defeated’ Boko Haram

SERAP to Buhari: Explain to Nigerians why $1bn needed to fight ‘defeated’ Boko Haram

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to explain why $1 billion is needed for the Boko Haram war.SERAP said this will bring about transparency in expenses made by the government in the fight against insurgency.During the national executive council meeting last week, governors had approved the withdrawal of the money from the excess crude [...]

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    SERAP asks Buhari to probe privatisation of public enterprises since 1999

SERAP asks Buhari to probe privatisation of public enterprises since 1999

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to review the alleged corruption and abuse of power in the privatisation of public enterprises in Nigeria between 1999 and 2011.In the letter dated December 1, SERAP urged Buhari to refer the cases to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences [...]

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    SERAP asks Buhari to intervene in EFCC-DSS row

SERAP asks Buhari to intervene in EFCC-DSS row

The Socio-Economic Rights and Accountability Project (SERAP) says the standoff between the Economic and financial Crimes Commission (EFCC) and the Department of State Services (DSS) is counterproductive to the war against corruption.On Tuesday, the secret police prevented the anti-graft agency from arresting Ita Ekpeyong, former director-general of DSS, and Ayo Oke, sacked director-general of the National Intelligence Agency (NIA).But in [...]

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    Okorocha ‘ready to be probed’ over Zuma, Johnson-Sirleaf statues

Okorocha ‘ready to be probed’ over Zuma, Johnson-Sirleaf statues

Rochas Okorocha, governor of Imo, says he is ready for probe over the statues he erected in honour of South Africa's President Jacob Zuma and Liberian President Ellen Johnson-Sirleaf.On Sunday, the Socio-Economic Rights and Accountability Project (SERAP) called for the probe of Okorocha over the statues which he "may have spent over N1billion of public funds to build".The statues sparked [...]

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    SERAP calls for probe of Okorocha over ‘N1bn statues’

SERAP calls for probe of Okorocha over ‘N1bn statues’

The Socio-Economic Rights and Accountability Project (SERAP) has called for the probe of Rochas Okorocha, Imo governor, for alleged abuse of office.SERAP on Sunday made the call to the Code of Conduct Bureau (CCB) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).The call follows the erection of the statues by Okorocha in the honour of South African President [...]

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    We can’t disclose how states spent N388.3bn Paris club refund, says FG

We can’t disclose how states spent N388.3bn Paris club refund, says FG

Ahmed Idris, accountant general of the federation, says N388.304 billion spending of London Paris club loan refunds by 35 states “is protected by professional privilege, and therefore confidential.”Idris said this in response to a suit filed by Socio-Economic Rights and Accountability Project (SERAP).The federal government released N388.304 billion of the N522.74 billion to 35 states as refunds of over-deductions on London-Paris [...]

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    SERAP asks Buhari to hand over sacked SGF, NIA DG to EFCC

SERAP asks Buhari to hand over sacked SGF, NIA DG to EFCC

The Socio-Economic Rights and Accountability Project (SERAP) has commended President Muhammadu Buhari for sacking Babachir Lawal, secretary to the government of the federation, and Ayo Oke, director-general of the National Intelligence Agency (NIA).On Monday, Buhari sacked the duo, who have been on suspension for over three months.Oke's agency had claimed ownership of the monies discovered in an Ikoyi apartment while Lawal [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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