Tag: Missing Funds

SERAP sues Power Minister, NBET over alleged ₦128bn missing funds

Aminu Imam
SERAP sues Adelabu

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Minister of Power, Adebayo Adelabu, and the Nigerian Bulk Electricity Trading Plc. (NBET), over their alleged failure to account for ₦128 billion reportedly missing or diverted from the Ministry of Power and NBET. The suit, marked FHC/ABJ/CS/143/2026, was filed last Friday, at the Federal High Court in Abuja, following allegations contained in the Auditor-General of the Federation’s annual report published on September 9, 2025. SERAP is seeking an order of mandamus compelling the minister and NBET to…

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H’Reps uncovers ₦250bn missing from Govt. accounts

Aminu Imam
H'Reps uncovers missing funds

The Public Accounts Committee (PAC) of the House of Representatives has sounded the alarm over the disappearance of more than ₦250 billion in public funds, as revealed in audit reports from the Auditor-General of the Federation. Speaking at a press briefing on Tuesday at the National Assembly in Abuja, PAC Chairman, Bamidele Salam expressed deep concern over the growing wave of financial irregularities within federal agencies. According to Salam, the audit reports pointed to serious lapses in accountability, with the massive sum still unaccounted for across several ministries, departments, and…

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“Account for missing ₦825bn, $2.5bn for refinery repairs” – SERAP urges NNPCL

Aminu Imam
SERAP urges NNPCL

…Calls for EFCC, ICPC involvement The Socio-Economic Rights and Accountability Project, (SERAP), has urged the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to “account for and explain the whereabouts of the alleged missing ₦825bn and $2.5bn meant for ‘refinery rehabilitation’ and other oil revenues, as documented in the 2021 annual report by the Auditor-General of the Federation”. According to SERAP, the annual report was published on Thursday 27th November, 2024. SERAP urged Kyari “to identify those suspected to be responsible for the…

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SERAP sues Tinubu over failure to probe missing N57bn in H’Affairs Ministry, others

Aminu Imam
SERAP sues Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over the failure to direct the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, to work with appropriate anti-corruption agencies to probe allegations that over N57 billion of public funds are missing. The  amounts were allegedly diverted, or stolen, from the Federal Ministry of Humanitarian Affairs and Poverty Alleviation in 2021 alone. The damning allegations are documented in the 2021 audited report released last month by the Office of the Auditor-General of the Federation.…

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