$460m Abuja CCTV: SERAP Asks Finance Minister To Give Account Of The Failed Project

The Socio-Economic Rights and Accountability Project (SERAP) has demanded explanations from the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, concerning the failed $460m Closed-Circuit Television CCTV for Abuja.
It could be recalled that the minister had revealed that $460m was approved for CCTV in the capital territory during the ministry’s budget defence last week before the joint National Assembly committee on Appropriation.
The civil right group urged the minister give Nigerians account of how the $460m loan secured in 2010 for the installation of Closed-Circuit Television CCTV was spent.
The Deputy Director of SERAP, Kolawole Oluwadare, revealed this in press statement on Sunday.
He urged the minister 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.”
The civil group also requested for the “disclosure of details of repayment for other Chinese loans for allegedly failed projects between 1999–2015, the status of any such projects, and details of local and Chinese contractors involved in the projects.
“We urge you to clarify if the N1.5 billion paid in 2010 for another apparently failed contract to construct the headquarters of the Code of Conduct Bureau is part of another Chinese loan.”