Socio-Economic Rights and Accountability Project Calls for World Bank Investigation into Corruption in Loan Spending
The complaint follows a report by the Debt Management Office, which revealed that Nigeria’s total public debt stock increased by N24.33 trillion in three months, from N97.34 trillion in December 2023 to N121.67 trillion as of March 31, 2024. SERAP is calling on the World Bank to determine the extent to which its operational policies and procedures have been followed in the design, appraisal, and implementation of all bank-financed projects in Nigeria.