Femi Falana (SAN), Lagos-based lawyer and human rights activist threatens to initiate legal proceedings, if the Federal Government would not put on hold its plan to obtain $2 billion loan from China and plunged the nation into more indebtedness.
Falana advised that the Federal Government should double up its efforts to recover some funds amounting to about $200 billion, which were either not remitted to the Federation Account or stolen from the nation’s treasury.
In a letter dated April 8th, 2016, Falana addressed to the Minister of Finance, Kemi Adeosun. He said, “In the light of the foregoing, we are compelled to call on the Federal Government to muster the political will and courage to recover the aforesaid withheld or stolen wealth of not less than $200bn belonging to the Nigerian people”.
He threatens that, “However, if you refuse to accede to our request we shall have no alternative than to initiate legal proceedings at the Federal High Court with a view to restraining the Federal Government from further plunging the nation into external indebtedness.”
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In the letter entitled, ‘Request for the collection of outstanding revenue of $200 billion withheld from the Federation Account or stolen by looters’, Falana threatened to sue the Federal Government if his request was taken for granted.
He said, “In particular, we requested the Federal Government to embark on the recovery of the revenue of $42billion withheld from the Federation Account from 1999 to 2012 by some transnational oil companies, the Nigerian National Petroleum Corporation and other agencies of the Federal Government”.