SERAP Tasks FG On Oil Cabal


The Socio-Economic Rights and Accountability Project (SERAP), a human rights group, has urged the Federal Government to display exemplary political will to tackle the “cabal” in the oil sector.

The Executive Director of SERAP, Mr. Adetokunbo Mumuni, spoke in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.

Mumuni advised the government not to interfere with the ongoing investigation by the Economic and Financial Crimes Commission (EFCC), into the alleged corrupt practices in the downstream sector.

“SERAP is very happy that the EFCC is taking up its responsibility to investigate and if possible, prosecute the perpetrators of fraud in the fuel subsidy scheme.

“We, however, hope that those holding political power will allow the EFCC to do its work diligently, so that these people will be brought to justice,” he said.

Mumuni said the strike embarked upon by the Organised Labour was unsuccessful from a socio-economic point of view.

“I believe that everything that happened had a negative impact on majority of Nigerians due to a drastic increment in the prices of goods and services.

“Now, reducing the pump price from N141 to N97 will not solve the problem because you know that in this country, when the prices of goods go up, they never go down again,” he said.

NAN recalls that the organisation had petitioned the Governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, on January 15, to release documents on the alleged corruption involved in the fuel subsidy.

SERAP had claimed that the documents would enable it petition the EFCC to bring the suspected perpetrators to book.

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