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January 19, 2021 Wole Oke Defends FG’s Plans To Sell Some National Assets To Fund The 2021 Budget
Inspiration 92.3 FM

Wole Oke Defends FG’s Plans To Sell Some National Assets To Fund The 2021 Budget

A member of the House of Representatives, WOLE OKE has defended the Federal Government’s plans to sell some national assets to fund the 2021 budget.

He argues that it is not a new development. 

This comes as rights group, SERAP asked the National Assembly to stop the President from selling off some of the national assets.

He argued that some of the national assets planned for sale to fund the budget are already liabilities, noting that it is better for these assets to be run by private individuals and not government. 

 

 

January 11, 2021 SERAP Asks Buhari To Drop Plan To Borrow N895bn Funds In Dormant Accounts
Inspiration 92.3 FM

SERAP Asks Buhari To Drop Plan To Borrow N895bn Funds In Dormant Accounts

The Socio-Economic Rights and Accountability Project has sent an open letter to President BUHARI urging him to "to promptly drop the plan by the Federal Government to borrow about N895bn of unclaimed dividends and funds in dormant accounts.

It says government plans to use the unconstitutional and illegal Finance Act, 2020, to achieve goal.

The Finance Act, signed into law by BUHARI last December, would allow the government to borrow unclaimed dividends and dormant account balances owned by Nigerians in any bank in the country.

But SERAP in a letter signed by its deputy director KOLAWOLE OLUWADARE said borrowing unclaimed dividends and funds in dormant accounts amount to an illegal expropriation, and would hurt poor and vulnerable Nigerians.

January 5, 2021 SERAP Seeks Intervention Of UN Over The Detention Of The Sowore And Four Others
IFM Social Media

SERAP Seeks Intervention Of UN Over The Detention Of The Sowore And Four Others

The Socio-Economic Rights and Accountability Project (SERAP) is seeking the intervention of the United Nations over the detention of the convener of #RevolutionNow movement, OMOYELE SOWORE, and four others.

In a statement issued by its deputy director, KOLAWOLE OLUWADARE, the group said it has sent an urgent complaint to the UN Working Group on Arbitrary Detention over what it called "arbitrary detention and other ill-treatment" SOWORE and the other whom it said were activists for peacefully exercising their human rights.

This comes a day after a Magistrate Court in Abuja ordered their remands at the Kuje Correctional Centre in the nation's capital pending when their formal bail application would be heard today.

They were arraigned by the Federal Government on three charges of criminal conspiracy, unlawful assembly, and an attempt to incite others.

 

 

December 7, 2020 Pension funds: SERAP asks President Buhari to order DG of NPC to stop state Governors from borrowing .
IFM Social Media

Pension funds: SERAP asks President Buhari to order DG of NPC to stop state Governors from borrowing .

The Socio-Economic Rights And Accountability Project has asked President BUHARI to order the Director-General of the National Pension Commission to stop the 36 state governors from borrowing N17 trillion from the pension funds for developmental projects.

The governors last week reportedly proposed to borrow about N17 trillion from the pension funds after receiving a brief from the Kaduna State Governor, Mallam NASIR EL-RUFAI, who is the Chairman of the National Economic Council Ad Hoc Committee.

But in a letter signed by SERAP deputy director KOLAWOLE OLUWADARE, the group said the move would be detrimental to the interest of the beneficiaries of the funds, especially given the vulnerability of pension funds to corruption in the country.

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