//Court okays probe into FG’s handling of $460m Chinese loan

Court okays probe into FG’s handling of $460m Chinese loan

The Federal High Court, Abuja has granted leave to the Socio-Economic Rights and Accountability Project (SERAP) to pursue its inquiry into how the Federal Government spent the $460 million loan obtained from China in 2010 to fund the controversial Abuja CCTV project.,
Justice Anwuri Ichegbuo Chikere gave the judgement after going through the application filed by SERAP supported by an affidavit, supporting exhibits, and statement of facts.
The suit has, however, been adjourned till February 24, next year by Justice Chikere for hearing of the substantive suit.
It would be recalled that SERAP had urged the minister of Finance, Zainab Ahmed to provide information on the total amount paid to contractors out of the $460 million loan obtained in 2010 from China to fund the failed Abuja CCTV contract.