Account for N14 trillion fuel subsidy savings, SERAP tells States

The Socio-Economic Rights and Accountability Project (SERAP) has urged governors and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to urgently disclose the spending details of the estimated N14 trillion fuel subsidy savings they collected from the Federation Account Allocation Committee (FAAC) allocations, including details and locations of projects executed with the money, and the implementation status and completion reports, if any, on the projects.

It urged them to provide details of the plans on how subsequent fuel subsidy savings they expect to collect from FAAC allocations, including details of any planned projects on which the money would be spent.

SERAP also implored them to publicly invite the Independent Corrupt Practices and other related offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to track and monitor the spending of the fuel subsidy savings they collected, to ensure that the money is not diverted into private pockets.

In the Freedom of Information requests at the weekend and signed by SERAP Deputy Director, Kolawole Oluwadare, the organisation said there is a legitimate public interest for governors and the FCT minister to urgently explain how they spent the money they have so far collected from the savings.

The Supreme Court had, in a groundbreaking judgment, declared that the Freedom of Information Act is applicable and applies to the public records in the federation, including those relating to the spending of the subsidy savings kept by states.

SERAP, therefore, urged the governors and the FCT minister to promptly uphold the Supreme Court judgment by urgently accounting for how the state is spending the money it collected from the subsidy savings.

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