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SERAP to sue Federal Government

SERAP has advised the Federal Government to drop plan to borrow about N895billion from unclaimed dividends and funds in dormant accounts

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SERAP

The Socio-Economic Rights and Accountability Project (SERAP) has advised the Federal Government to drop the plan to borrow about N895billion from unclaimed dividends and funds in dormant accounts using the “patently unconstitutional and illegal Finance Act, 2020.”

In an open letter to President Muhammadu Buhari, SERAP urged him to ensure full respect for Nigerians’ right to property. The letter was copied to the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN) and Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed.

According to the group, 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 the letter dated January 9, 2021, and signed by its Deputy Director, Kolawole Oluwadare, stated that the right to property is sacred and fundamental. “Borrowing unclaimed dividends and funds in dormant accounts amount to an illegal expropriation, and would hurt poor and vulnerable Nigerians who continue to suffer under reduced public services, and ultimately lead to unsustainable levels of public debt.”

SERAP further argued: “The right to property extends to all forms of property, including unclaimed dividends and funds in dormant accounts. Borrowing these dividends and funds without due process of law, and the explicit consent of the owners is arbitrary, and as such, legally and morally unjustifiable.”

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To SERAP, the borrowing is neither proportionate nor necessary, especially given the unwillingness or inability of the government to stop systemic corruption in ministries, departments and agencies, cut waste and stop all leakages in public expenditures.

“Rather than pushing to borrow unclaimed dividends and funds in dormant accounts, your government ought to move swiftly to cut the cost of governance, ensure review of jumbo salaries and allowances of all high-ranking political office holders, and address the systemic corruption in ministries, departments and agencies as well as improve transparency and accountability in public spending.

“The borrowing also seems to be discriminatory, as it excludes government-owned official bank accounts, and may exclude the bank accounts of high-ranking government officials and politicians, thereby violating the constitutional and international prohibition of discrimination against vulnerable groups, to allow everyone to fully enjoy their right to property and associated rights on equal terms.”

SERAP is concerned that the government has also repeatedly failed and/or refused to ensure transparency and accountability in the spending of recovered stolen assets, and the loans so far obtained, which, according to the Debt Management Office, currently stands at $31.98 billion.

The group urged Federal Government to drop the borrowing plan and to return the Finance Act to the National Assembly to repeal it within 14 days or face legal action.

Source: Guardian Newspaper

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‎China, Nigeria Mark Friendship with Joint Cultural Mural

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‎A colourful mural celebrating both China’s National Day and Nigeria’s Independence Day has been unveiled at an overseas project site, serving as a vivid symbol of the enduring friendship between the two nations.
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‎The artwork, jointly produced by Chinese and Nigerian staff, features builders dressed in traditional Chinese costumes and Nigerian ethnic attire holding hands and dancing together.
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Above them, fireworks and white doves of peace illuminate the sky, while the inscription “10.1” highlights the dual significance of October 1, the China’s National Day and Nigeria’s Independence Day.
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‎On the left side of the mural, ancient Chinese architecture, red lanterns and auspicious cloud motifs showcase Chinese heritage.
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On the right, red earth, coconut palms and African drums reflect Nigeria’s cultural identity. Flowing ribbons weave across the painting, symbolising unity and shared destiny.
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‎Project officials described the mural as a “living testament” to cooperation at the frontline of development. They said it embodies mutual trust and support as workers from both countries overcome challenges together.
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‎The initiative underscores cultural integration and partnership, with both sides pledging to continue working hand in hand to strengthen ties.
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“Celebrating two festivals as one, we march forward with one heart,” a statement read, emphasising the commitment to write new chapters of friendship along the path of cooperation.
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‎The mural, rooted in the overseas project site, stands as a reminder of the brotherly bond between China and Nigeria, and the shared vision of building together for a brighter future.

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Musa Illiyasu Kwankwaso Celebrates Senator Lado @60, Says Is A Political Dogma

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From Muhammad Kabir Kano

The spokesperson of Political Appointees Forum from Kano State, Dr. Musa Illiyasu Kwankwaso, has described Senator Basheer Lado, the Special Adviser to President Tinubu on National Assembly Matters (Senate), who also doubles as the Chairman of the Appointees, on his 60th birthday, as a Political Blog who plays the game with maturity and respect.

Kwankwaso who also describes Senator as Political Dogma, praised his contributions to democratic governance, humanitarian services and national development.

“Senator Lado is a dependable public servant and accomplished legislator whose experience had helped strengthen relations between the Executive and the Senate and also steer ship the activities of the Political Appointees with huge respect and understanding”,

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He said it is on notice that Lado served in the Senate for four years before his by late President Buhari on Relief agency and subsequent appointment as Tinubu’s liaison officer in the upper chamber of the National Assembly.

Lado represented Kano Central Senatorial District in the Seventh National Assembly from 2011 to 2015, where he served as Vice Chairman of the Senate Committee on Works.

Lado facilitated several constituency projects, including the Kundila Bridge, popularly known as Gadar Lado, in Kano State. His contributions to humanitarian services through his previous roles as Federal Commissioner of the National Commission for Refugees, Migrants and Internally Displaced Persons, and Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP).

He said Lado contributed to protecting vulnerable Nigerians, combating human trafficking and improving the welfare and rehabilitation of displaced persons.

Kwankwaso further commended the senator’s humanitarian initiatives through the Ladon Alheri Foundation, particularly in education, healthcare, women’s economic empowerment, rural water supply and support for disadvantaged communities.

” Lado’s contributions across public service reflected his commitment to national development and the welfare of Nigerians”, he added.

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EFCC Reopens Atiku’s Alleged Financial Crimes Probe

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By Yusuf Danjuma Yunusa

The Economic and Financial Crimes Commission (EFCC) has reopened its investigation into allegations against former Vice President Atiku Abubakar following a petition by former House of Representatives member, Hon. Ehiozuwa Johnson Agbonayinma, seeking his prosecution over alleged financial crimes.

The petition seeks to revive a case dating back to 2006, asking the anti-graft agency to revisit its investigation under former chairman, Mallam Nuhu Ribadu, and consider a subsequent report by a United States Senate subcommittee.

Speaking on the development, Agbonayinma said the EFCC had acknowledged his petition, dated August 27, 2026, and received on September 1. Filed through his lawyer, Chief Hannibal Egbe Uwaifo, SAN, the petition asks the commission to reactivate its earlier report and act on the allegations.

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The former lawmaker appeared at the EFCC headquarters in Jabi, Abuja, where he adopted the petition and answered questions from investigators.

Agbonayinma said the matter should not be allowed to remain unresolved.

“I want to thank Nigerians, the EFCC, and those praying for me in this struggle. The laws are meant for both the rich and the poor. After the EFCC has done a fantastic job, it should not be kept under the table,” he said.

In the petition, Agbonayinma urged the EFCC to revisit its September 2006 report on Atiku and a February 4, 2010, report by the US Senate Permanent Subcommittee on Investigations, arguing that both documents should form the basis for renewed action.

The petition alleged that the EFCC had previously indicated that Atiku could face prosecution after leaving office as vice-president, when his constitutional immunity ceased to apply, but that no prosecution followed.

Agbonayinma described the alleged failure to act as a dereliction of duty and argued that pursuing the matter would demonstrate the commission’s resolve to hold politically influential figures accountable.

He also disclosed that he had petitioned US President Donald Trump over the allegations.

The EFCC spokesman, Dele Oyewale, had yet to respond to messages seeking an update on the investigation as of the time of filing this report.

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