IICPC Quizzes OAGF, CBN Officials Over ‘missing’ $3.4b IMF Loan

The Independent Corrupt Practices and Other Related Offenses Commission, ICPC, has questioned two officials of the Central Bank of Nigeria, CBN, and one from the Office of the Accountant-General of the Federation, OAGF, over a $3.4 billion loan allegedly granted to Nigeria by the International Monetary Fund, IMF.

They were interrogated last week by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

The anti-graft agency has also invited another set of officials from the Federal Ministry of Finance for interrogation.

The commission has also retrieved vital documents on the loan, which was meant to finance the budget and manage COVID-19.

The Socio-Economic Rights and Accountability Project (SERAP) had recently approached the court over what it alleged as “the failure to probe the grim allegations that the $3.4 billion” was missing.

A source told The Nation that the probe of the loan was already in progress.

It said the commission began the probe after it had reviewed the report of the Auditor-General of the Federation and investigators are trying to establish if the cash was missing, diverted or unaccounted for.

SERAP yesterday said it had filed a lawsuit against President Bola Ahmed Tinubu for failing to probe the $3.4 billion loan that was either “missing, diverted or unaccounted for.”

It said its lawsuit was in line with Section 16(1) and (2) of the 1999 Constitution.