Tinubu hit with SERAP demand over alleged ₦2.9bn missing Funds

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to order a probe into the alleged missing or diverted ₦2.9 billion from the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA).

In a letter dated April 11, 2026, SERAP urged the President to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, alongside the management of both agencies, to account for the funds and explain the alleged discrepancies.

The organisation also asked the Attorney General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the allegations and ensure that anyone found culpable is prosecuted, while all missing funds are recovered and returned to the treasury.

SERAP said the allegations, documented in the Auditor-General’s 2025 report, point to “a grave violation of public trust” and reflect systemic issues of financial mismanagement and lack of transparency in critical public institutions.

According to the group, NIGCOMSAT failed to account for hundreds of millions of naira in questionable investments, irregular payments, unremitted revenues and unrecovered debts running into over ₦1.6 billion.

It also cited cases of payments made without due process, including funds spent on items not supplied and unauthorised transfers, raising concerns of possible diversion.

Similarly, SERAP alleged that NNRA recorded multiple irregular expenditures, including payments for unverified training, procurement without approvals and funds disbursed for items never delivered.

The group warned that such practices undermine national development, technological progress and public safety, given the strategic roles of both agencies.

“These allegations represent a grave violation of the public trust and a fundamental breach of Nigeria’s anti-corruption laws,” SERAP said, demanding urgent action within seven days or risk legal steps to compel compliance.