President Muhammadu Buhari
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari, urging him to promptly drop the plan by the federal government to borrow about N895bn of unclaimed dividends and funds in dormant accounts using the patently unconstitutional and illegal Finance Act, 2020 and to ensure full respect for Nigerians’ right to property.
Recall that the Finance Act, signed into law by Buhari last December, would allow the government to borrow unclaimed dividends and dormant account balances owned by Nigerians in any bank in the country.
But SERAP in a letter dated 9 January 2021 and signed by its Deputy Director, Kolawole Oluwadare, said borrowing unclaimed dividends and funds in dormant accounts amounts to an illegal expropriation, and would hurt poor and vulnerable Nigerians who continue to suffer under reduced public services, and ultimately lead to unsustainable levels of public debt.
President Muhammadu Buhari
President Muhammadu Buhari, Friday, gave a timeline to conclude the war against Boko Haram and bandits.
While assuring that the counter-insurgency war would be concluded this year, the President called for prayers for the country’s Armed Forces to enable them end what they are doing.
Buhari, who spoke during the Juma’at Prayer for this year’s Armed Forces Remembrance Day celebration at the National Mosque in Abuja, also assured that “this is a year of action and we will finish what we are doing.”
According to Buhari, who was represented by the Minister of Defence, Maj-Gen. Bashir Magashi (rtd): “What is happening in this country will soon be over. This year, we will finish what we are doing, pray for us that we succeed.”