Human rights lawyer, Femi Falana has threatened that he would commence legal action against the federal government if it does not jettison its plan to secure a $3.5 billion (about N700 billion) loan from the World Bank and the African Development Bank.
The renowned lawyer made this known in a statement he made public on February 14 where he stated that his earlier letter which he sent to the Finance Ministry on February 5 to jettison its plan to secure the loan has not be responded to.
The latest letter read: “Since you have not deemed it fit to react to the serious issues raised in the letter, kindly be informed that we shall commence legal proceedings not later than February 29, 2016, with a view to compelling the Federal Government to recover the said loans, royalties, levies, and other recoverable revenues of not less than $66.5 billion.”
Falana had said in his initial letter that instead of taking the loan, the government should direct the anti-graft agencies to recover all loans and revenues accruable to it.