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SERAP reacts to $3.4bn IMF loan's alleged disappearance

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“There is a lot of motion but there is little movement,” is how SERAP has described the fight against corruption in Nigeria.

Deputy Director of the Socio-Economic Rights And Accountability Project, Kolawole Oluwadare, made this description on Nigeria Info’s Hard Facts while commenting on the alleged missing $3.4 billion IMF loan. He said the report on the funds and the source from which it came is serious because the country is “neck deep in debt.”

He believes the fight against corruption is not taken seriously, despite existing laws and agencies. For him, the actual fight involves preventing corruption, identifying those culpable, returning the funds, monitoring, and using such funds for public good.

Oluwadare also added that successive government’s commitment to anti-corruption is questionable. He believes structures and mechanisms to adequately fight corruption should be implemented.

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