SERAP to govs: Account for FAAC allocations or face legal action
THE Socio-Economic Rights and Accountability Project, SERAP, yesterday, urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr. Nyesom Wike, to account for the spendings of the Federal Account Allocation Committee, FAAC, allocations to states and the FCT since 2019. It also tasked the Independent Corrupt Practices and Other Related Offences Commission, ICPC, and Economic and Financial Crimes Commission, EFCC, to track and monitor the spendings of FAAC allocations by states and the FCT, and to probe any allegations of corruption linked to the allocations. SERAP’s requests followed reports that the Federation Account Allocation Committee, FAAC, disbursed N1.123 trillion to the federal, state, and local governments for March 2024 alone. States collected N398.689 billion. In a Freedom of Information request by its Deputy Director, Kolawole Oluwadare, the organisation said: “Nigerians ought to know in what manner public funds including FAAC allo...