SERAP to Tinubu: Probe alleged missing N128bn in power ministry, NBET
Socio-Economic Rights and Accountability Project, SERAP, has urged President Bola Tinubu to direct the Attorney-General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to probe the alleged missing or divertion of over N128 billion of public funds from the Ministry of Power and the Nigerian Bulk Electricity Trading, NBET, Plc, Abuja. The allegations are documented in the latest annual report published by the Auditor-General on September 9, 2025. SERAP said: “Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing or diverted public funds should be fully recovered and remitted to the treasury.” SERAP, therefore, urged him to “use any recovered diverted funds to fund the deficit in the 2026 budget and to ease Nigeria’s crippling debt crisis.” In SERAP's letter by its Deputy Director, Kolawole Oluwadare, the organisation said: “Nigerians con...