SERAP calls for a probe into World bank approved funds for electricity

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SERAP

Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President David Malpass to exercise the Bank’s prerogative to release archival records and documents relating to spending on all approved funds to improve access to electricity in Nigeria between 1999 and 2020, the Bank’s role in the implementation of any funded electricity projects, and to identify and name any executed projects, and Nigerian officials, ministries, departments and agencies involved in the execution of such projects.

The World Bank Board of Directors had last week approved $500m to help boost access to electricity in Nigeria and improve the performance of the electricity distribution companies in the country.

But in the application dated 6 February 2021, and signed by SERAP deputy director Kolawole Oluwadare, the organization urged the Bank to explain the rationale for the approval of $500m to implement electricity projects in the country, despite reports of widespread and systemic corruption in the sector, and the failure of the authorities to enforce a court judgment ordering the release of details of payments to allegedly corrupt electricity contractors who failed to execute any projects.