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SERAP sues Tinubu over failure to probe missing $3.4bn IMF loan to finance budget, respond to COVID-19

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a fresh lawsuit against President Bola Tinubu.

The lawsuit concerns “the failure (of the President) to probe the grim allegations that $3.4 billion loan obtained by Nigeria from the International Monetary Fund (IMF) to finance the budget and respond to COVID-19 is missing, diverted or unaccounted for.”

The allegations are contained in the recently published 2020 Nigeria’s annual audited report by the Auditor-General of the Federation.

In the suit numbered FHC/ABJ/CS/269/2024, filed last Friday at the Federal High Court, Abuja, SERAP is asking the court “to direct and compel President Tinubu to probe the allegations that $3.4 billion loan obtained by Nigeria from the IMF to finance the budget and respond to COVID-19 is missing, diverted or unaccounted for.”

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SERAP is also seeking: “an order of mandamus to direct and compel President Tinubu to ensure the effective prosecution of anyone suspected to be responsible for the alleged mismanagement and diversion of the $3.4 billion IMF loan obtained by Nigeria to finance the budget and respond to the COVID- 19 pandemic.”

SERAP is also seeking: “an order of mandamus to direct and compel President Tinubu to ensure the full recovery of the missing $3.4 billion IMF loan obtained by Nigeria to finance the budget and respond to the COVID-19 pandemic.”

In the suit, SERAP argues: “Investigating these grave allegations, bringing suspected perpetrators to justice and recovering any missing IMF loan would contribute to addressing the country’s economic crisis and debt burden.

“The findings by the Auditor-General suggest a grave violation of the public trust, the provisions of the Nigerian Constitution 1999 [as amended], national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.”

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SERAP noted that “servicing IMF loan that is allegedly missing, diverted or unaccounted for is double jeopardy for Nigerians—they can neither see nor benefit from the projects for which the loan was approved; yet, they are made to pay back both the loan and accrued interests.”

The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare and Andrew Nwankwo, read in part: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Granting the reliefs sought would end the impunity of perpetrators and ensure justice for victims of corruption.

Granting the reliefs sought would facilitate the effective implementation of the recommendations by the Auditor-General in the 2020 annual report that the missing $3.4 billion IMF loan be fully recovered and remitted to the public treasury and those responsible be ‘sanctioned and handed over to anticorruption agencies’.

“The allegations of corruption in the spending of IMF loan documented by the Auditor-General undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.

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“According to the 2020 annual audited report by the Auditor-General of the Federation published last week, the US$3.4 billion emergency financial assistance obtained from the International Monetary Fund (IMF) to finance the budget and respond to the COVID-19 pandemic is missing, diverted or unaccounted for.

According to the Auditor-General, no information or document was provided to justify the movement and spending of the Fund.

“The Auditor-General has recommended that the money should be fully recovered and remitted to the public treasury and for the evidence of remittance to be forwarded to the Public Accounts Committee of the National Assembly.

“The Auditor-General has also recommended that anyone suspected to be involved should be ‘sanctioned and handed over to the EFCC and ICPC for investigation and prosecution, as provided for in paragraph 3112 of the Financial Regulations.’

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According to SERAP’s information, Nigeria has signed an agreement to spread the repayment of the IMF loan/interests from 2023 to 2027. The first instalment, due in 2023, is worth $497.17 million. The second instalment, due in 2024, will be worth $1.76 billion. The third instalment, due in 2025, will be worth $865.27 million.

The final two instalments, due in 2026 and 2027, will each be worth $33.99 million. These instalments will only be interest payments.

“Impunity for corruption in the management of loans obtained by Nigeria will continue as long as high-ranking public officials go largely unpunished for their alleged crimes.”

Joined in the suit as Respondent is Mr Lateef Fagbemi, SAN, the Attorney General of the Federation and Minister of Justice.

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BREAKING: Nigerian Government Hit with N10m ECOWAS Court Award for Assault on Journalist Oyekunle

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By Gloria Ikibah

The ECOWAS Community Court of Justice has slammed a N10 million in general damages against the Federal Republic of Nigeria over the physical assault, unlawful arrest, and seizure of property belonging to a journalist with Independent Newspaper by name Jide Oyekunle.

The landmark ruling in Suit No. ECW/CCJ/APP/29/25 was secured by Avocats Sans Frontières France (Lawyers Without Borders France) on June 22, 2026, under its eRIGHTS project, supported by the European Union, which focuses on defending human rights in the digital space.

Comrade Oyekunle who is currently the Secretary of the Nigeria Union of Journalists, NUJ, Federal Capital Territory Council, on August 1, 2024, during the coverage of the #EndBadGovernanceInNigeria protests at the Eagle Square, Abuja, was physically assaulted, unlawfully detained, his photo camera was damaged, while his mobile phone was seized by armed police officers on the order of former FCT Commissioner of Police, Benneth Igweh.

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The Court in agreement with Counsel to the applicant, Collins I. Maidoh-Anene, Esq., that the detention of the journalist and seizure of his mobile phone by the Nigerian police, was “excessive, unjustified, and in violation of international law”.

The ECOWAS Court subsequently found the Federal Republic of Nigeria liable for violating the applicant’s rights to freedom of expression, personal liberty, dignity, and property under the African Charter.

The Court therefore ordered the Nigerian government to pay Comrade Oyekunle the sum of N10 million in general damages.

The court found that Nigeria’s actions suppressed his live coverage, thereby breaching his right to freedom of expression under Article 9 of the African Charter.

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It also ruled that the assault and detention violated his rights to personal liberty, human dignity, and freedom from degrading treatment under Articles 6 and 5, while the temporary seizure of his phone violated his right to property under Article 14.

The Court further held that Nigeria’s justification failed the test of necessity under international law, making the conduct of the security forces excessive and unlawful.

In a statement signed by the Country Director of Avocats Sans Frontières France, Barrister Angela Uwandu Uzoma-Iwuchukwu, on Tuesday, said the judgment sends a clear message that a journalist’s digital tools are extensions of the modern press and newsroom and that their arbitrary confiscation by security forces constitutes a direct assault on the public’s right to know.

She said: “The court’s pronouncement adds to the growing jurisprudence from the regional court protecting journalists and human rights defenders who document protests and public interest events.

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“ASF France will continue to monitor compliance with the judgment and provide legal aid to journalists facing similar violations.

“For Avocats Sans Frontières France and the eRIGHTS project partners, this ruling strengthens legal protections for journalism in the digital age. It shields reporters from tech-based censorship and intimidation, puts security agencies on notice that targeting media practitioners during protests will attract accountability, and reaffirms the ECOWAS Court as a vital shield for civic space in the region.”

Reacting to the landmark judgment, Comrade Oyekunle, said it as a significant affirmation that journalists have the right to carry out their constitutional duties without intimidation, harassment, or attack.

According to him, democracy cannot thrive where journalists are attacked for documenting events or where citizens are punished for exercising their lawful rights.

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“The decision of the ECOWAS Court is not only about me; it is about every journalist, media worker, and Nigerian citizen who believes in the right to freedom of expression, access to information, and peaceful civic participation.

“This judgment sends a clear message that security agencies and government institutions must be held accountable when they violate fundamental rights.

“Because if democracy is all about good governance, accountability, and transparency, then press freedom should not be curtailed, denied, or restricted”, he said.

Oyekunle appreciated everyone who stood by him throughout the journey, including the Nigeria Union of Journalists FCT Council, Avocats Sans Frontières France, colleagues and rights advocates, and all Nigerians who continue to defend press freedom and democratic values.

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Sowore to relax in Kuje prison as court fixes June 30 for bail ruling

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A Federal High Court in Abuja has fixed June 30 for a ruling on Omoyele Sowore’s motion seeking to vacate the order revoking his bail, as his lawyer pushed for a stay of execution while DSS counsel mounted opposition.

Omoyele Sowore’s freedom hinges on June 30.

The Federal High Court in Abuja on Wednesday fixed that date for a ruling on the activist’s motion seeking to set aside the bail revocation order that landed him in Kuje Custodial Centre, according to Vanguard.

Sowore’s lawyer, Raphael Adakole, moved the motion for stay of execution before Justice Mohammed Umar, arguing that the June 16 order revoking bail and issuing a bench warrant — triggered by Sowore’s absence from court — should be set aside entirely and the status quo restored.

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The application, filed June 19, leans on Sections 35(4), 36(1), and 66(a&b) of the 1999 Constitution and Sections 169 and 352 of the Administration of Criminal Justice Act (ACJA) 2015, alongside the court’s inherent jurisdiction.

“We adopt the said reply on points of law while placing reliance on the further affidavit and urge the court to grant the application as prayed in the interest of justice,” Adakole told the court.

Justice Umar has now heard both sides. June 30 will deliver the verdict.

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NDLEA unearths another massive industrial scale clandestine meth laboratory in Oyo forest(Photos)

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. Arrests Mexican, 4 others; recovers multi-billion-naira worth of illicit substances

. We’ll find you in the cities, track you into the forests, and dismantle your infrastructure of death, Marwa warns drug cartels

Operatives of the National Drug Law Enforcement Agency (NDLEA) have struck yet another decisive blow against transnational drug syndicates following the discovery and dismantling of a fortified, industrial-scale clandestine methamphetamine laboratory operated by a Nigerian-Mexican cartel deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.

The breakthrough comes barely four weeks after the Agency dismantled a similar massive meth laboratory in a forest in Ijebu East, Ogun State, signaling a desperate attempt by drug barons to turn the Southwest axis into a synthetic drug manufacturing hub.

Speaking on the development at the NDLEA Headquarters in Abuja, the Chairman/Chief Executive Officer of the Agency, Brig. Gen. Mohamed Buba Marwa (Rtd) who was represented by the Director of Media and Advocacy, Femi Babafemi at a press briefing on Wednesday 24th June 2026, commended the gallantry, dedication, and clinical professionalism of the officers involved in the operation.

According to him, “On Wednesday, 17th June 2026, tactical operatives of the NDLEA stormed a highly fortified, industrial-scale clandestine methamphetamine laboratory operating deep within the forest of Tapa Village, Ibarapa North Local Government Area, Oyo State.

“This was not a rudimentary setup; it was a sophisticated, highly organized transnational syndicate. During the raid, our operatives successfully arrested five key members of the cartel on-site.

They include a 56-year-old Mexican Methamphetamine expert, Jose Villa Ochoa, brought in specifically to provide the technical expertise for large-scale synthesis and four Nigerian collaborators providing logistical support, cover, and local operations. They are: Maxwell Uche Nevoh, 30; Olatunji Yusuf, 37; Bankole Akeem Owolabi, 45; and ⁠Ganiu Monsiu, 43.

“The arrest of a foreign cartel specialist on Nigerian soil underscores the transnational nature of this threat, but more importantly, it underscores our Agency’s world-class intelligence capability to track, intercept, and neutralize them. Following the successful raid, a specialized team from our Directorate of Forensic and Chemical Monitoring moved in on June 18th, 2026, to conduct a rigorous forensic examination of the facility. What they uncovered is a massive, factory-level production line of poison.

“The laboratory was fully stocked with a frightening array of precursor chemicals, industrial catalysts, and heavy-duty processing equipment. Chemicals and Materials recovered include: Phenyl-2-propanone (P2P), which is the the main, highly controlled precursor required for methamphetamine synthesis; 1800-litre drums containing Phenylacetic acid (the primary precursor used to synthesize P2P); Two 180L drums containing a staggering 300 litres of whitish crystalline substance; Four 180L drums containing dark liquid undergoing synthesis.

“Others include: 101 bags (25kg each) of Caustic Soda; 17 containers (25L each) of Sulphuric Acid; 19.5 containers (25kg each) of Tartaric Acid; 5 containers of Reniso Ultracool 68 (three 50L and two 25L capacity; 25 bottles (500ml each) of 80% Thioglycolic Acid; 2 containers (25L each) of Ethyl Phenylacetate, and 25 cartons of aluminum foil.

“The Industrial Processing Equipment discovered at the site include: One (1) Reactor Pot, which is the heart of the chemical synthesis; Two (2) mounted distillation units and three (3) fabricated mixers and condensers; as well as Two (2) vegetable dehydrator machines used for the rapid drying of the crystals.

“As a result, immediate field tests were conducted by our forensic experts. Samples of the finished crystals recovered yielded a definitive positive result for Methamphetamine. Furthermore, the crystalline substance from the 180L drum tested positive for Phenylacetic acid. Every single gram of these exhibits has been safely evacuated, documented, and preserved for comprehensive and strict evidential presentation in court.

This is yet another multibillion-naira worth of illicit substances and production equipment ready to push millions of doses of synthetic drugs into our streets, communities and the international community but for the vigilance of our dedicated officers.”

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Marwa noted that the proximity of the latest discovery to the Ogun State lab uncovered about four weeks ago reveals a desperate attempt by drug barons to establish a synthetic drug manufacturing hub in the Southwest axis, adding that the cartels thought hiding in dense forests would shield them from the long arm of the law but were wrong.

“Let the message go out clearly to all drug cartels, domestic and international that Nigeria is not, and will never be, a safe haven for your illicit trade. We will find you in the cities, we will track you into the forests, and we will dismantle your infrastructure of death. They thought hiding in dense forests would shield them from the long arm of the law. They were wrong”, the NDLEA boss warned.

“We want to commend the gallantry, dedication, and clinical professionalism of our officers of the Oyo state Command involved in this operation. To the Nigerian public, we say thank you for your continued trust and credible information. Together, we are securing the future of our nation”, he added.

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