Financial Crisis Looms: SERAP Warns Of Legal Action Against 36 State Governors Over N30 Billion Allocation

Financial Crisis Looms: SERAP Warns Of Legal Action Against 36 State Governors Over N30 Billion Allocation....KINDLY READ THE FULL STORY HERE▶

The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern warning of legal action against Nigerian state governors in relation to the N30 billion earmarked for addressing the surging food prices in their respective states………..CONTINUE READING

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SERAP emphasizes the need for accountability from the governors for the funds allocated by the Federal Government, distinct from their regular allocations.

In a statement released on Wednesday, the civil society organization revealed its intention to sue the state leaders to compel them to provide an account of the funds, referencing statements made by the President of the Senate, Godswill Akpabio, indicating the money was disbursed by the federal government.

“We’re taking legal action against Nigeria’s state governors to demand an account of the N30 billion that Mr. Godswill Akpabio reportedly stated each governor received from the Federal Government [in addition to their normal allocations] to address the rising cost of food in their states,” stated SERAP.

Earlier on the same day, Akpabio announced that the Federal Inland Revenue Service (FIRS) had allocated an extra N30 billion to the 36 state governors to tackle the food scarcity crisis in the country.

Addressing federal lawmakers during a plenary session, Akpabio attributed protests against increasing hunger and hardship in major cities to political stakeholders. He underscored that the additional funds provided were separate from the governors’ regular monthly allocations and cautioned against misusing the funds for purposes other than alleviating food shortages.

“We can see a lot of protests here and there; most of those sponsored protests are not aware of the kind of efforts being made by this Senate to tackle the situation together with a joint management team of the Federal Republic of Nigeria. I must say that unverified report has it that each of the state governments in the last few months has received an additional N30 billion from the Federal Inland Revenue Service, outside their normal allocation from the federation account to assist them in ameliorating the food situation. We believe that every state government should utilize the funds so received towards ensuring that food is available. This Senate will not rubber-stamp anything that we feel is not in the interest of Nigeria.

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