The Socio-Economic Rights and Accountability Project (SERAP) has asked the World Bank to suspend loans to 36 states in Nigeria amid several allegations of looting and mismanagement of public funds by the state governors.
The group that mentioned this in a post on its X platform (formerly Twitter) directed to World Bank President Ajay Banga stated that the loans should be blocked due to politicians’ lavish lives.
The group wrote: “We’ve urged the World Bank President, Ajay Banga @WorldBank to suspend all loans to Nigeria’s 36 states over the widespread allegations of misspending or diversion of trillions of Naira of public funds to fund the luxurious lifestyles of politicians.”
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