SERAP request Zainab Ahmed to provide information on $460 million CCTV loan

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SERAP

Socio-Economic Rights and Accountability Project (SERAP), has sent a Freedom of Information (FoI) request to Zainab Ahmed, Minister of Finance, Budget and National Planning, asking her to urgently provide information on the total amount of money paid to contractors from the $460 million loan obtained in 2010 from China to fund the apparently failed Abuja Closed-Circuit Television (CCTV) contract.

SEEAP noted that the Federal Government has continued to pay the loan.

The group urged Mrs Ahmed to disclose specific details of local contractors, if any, that have received funds from the loan for the CCTV contract, reportedly awarded to China’s ZTE Corporation, as well as the implementation status of the project.

SERAP said it would take legal action if the requested information is not provided to them within 14 days.

The organization expressed “that the $460 million loan got for the failed Abuja CCTV project and the N1.5 billion for the construction of CCB headquarters, which may be part of another Chinese loan, may have been mismanaged or stolen, and in any case, remain unaccounted for.