Buhari dragged to court over FG’s plan to borrow N895bn owned by Nigerians in any bank

Buhari dragged to court over FG’s plan to borrow N895bn owned by Nigerians in any bank

- SERAP has sued President Muhammadu Buhari over his administration's plan to borrow money

- Specifically, the organisation has the court to stop the president from borrowing N895bn from dormant accounts

- The money is in the form of their unclaimed dividends and balances in dormant accounts

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President Muhammadu Buhari's administration must not be allowed to borrow N895bn of Nigerians’ money in dormant accounts, Socio-Economic Rights and Accountability Project (SERAP) has told the Federal High Court in Abuja.

The lawsuit was filed after the recent move by the federal government to take over and borrow unclaimed dividends and dormant account balances owned by Nigerians in any bank in the country, Punch reports.

In the suit number FHC/ABJ/CS/31/2021 filed by its lawyers Kolawole Oluwadare and Ms Adelanke Aremo, last Friday, SERAP is seeking “an order of perpetual injunction restraining and stopping President Buhari from demanding, taking over, borrowing, and collecting Nigerians’ money in the form of their unclaimed dividends and funds in dormant accounts or transferring and moving the money into a trust fund known as ‘Unclaimed Funds Trust Fund”.

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Buhari dragged to court over FG’s plan to borrow N895bn owned by Nigerians in any bank
President Muhammadu Buhari has been sued over his administration's plan to borrow money. Photo: Femi Adesina
Source: Twitter

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In another development, Legit.ng reported paternity leave has been approved for the staff of the National Information Technology Development Agency (NITDA) by the federal government.

Dr. Isa Ali Ibrahim Pantami, the minister of communications and digital economy, made the announcement on Tuesday, March 9, in Abuja.

Pantami speaking at the presentation of NITDA’s employee-centric and scheme of service noted that the documents present a holistic approach to the development of the agency and employees.

Aanu Adegun is a politics and current affairs content editor at Legit.ng with over 7 years of experience in both digital and traditional media. A graduate of English Studies from Adekunle Ajasin University, Akungba Akoko, Ondo state, Aanu started his journalism career as a features writer. Aanu, who is also a creative writer has written books and children magazines. He once anchored some specialised pages of a national newspaper. Aanu is also a satirist.

Source: Legit.ng

Aanu Adegun avatar

Aanu Adegun Aanu Adegun is a journalist with over 9 years of experience in both digital and traditional media. A graduate of English Studies from Adekunle Ajasin University, Akungba Akoko, Ondo state. Aanu joined Legit.ng in 2016 covering politics and current affairs. Aanu started his journalism career as a features writer. He once anchored some specialised pages of a national newspaper. You can reach him via - aanu.adegun@corp.legit.ng

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