The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President, David Malpass, to use his good office to suspend any disbursement of the $800 million loan to the federal government and to request the incoming administration to provide satisfactory explanations for the loan.
SERAP also urged Malpass and the World Bank to reopen discussion on the reportedly approved $800 million loan with the incoming administration to clarify the details on the rationale and use of the loan because the term of office of the government of President Muhammadu Buhari ends in May 2023.
