SERAP Sues Governors, Wike Over Alleged ₦14tn Fuel Subsidy Windfall

3 Min Read
  • SERAP demands full disclosure of FAAC allocations since subsidy removal

  • Lawsuit targets 35 governors, FCT minister, and Accountant-General

  • Raises concerns over unpaid salaries, poor public services despite increased revenue

The Socio-Economic Rights and Accountability Project (SERAP) has filed a Federal High Court suit against the 35 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, over alleged failure to account for approximately ₦14 trillion obtained from fuel subsidy savings.

The Office of the Accountant-General of the Federation is also listed as a respondent.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

SERAP claims that since the removal of the petrol subsidy in May 2023, states and the FCT have received significantly increased allocations from the Federation Account Allocation Committee (FAAC).

READ ALSO: SERAP Urges Tinubu to Publish Certified Copies of Tax Laws from NASS

However, the organisation argues that this surge in revenue has not improved access to healthcare, education, or other basic services for vulnerable Nigerians.

The suit, marked FHC/L/MSC/1424/2025, was filed last Friday in Lagos. SERAP is requesting that the court compel the governors and the FCT minister to publicly disclose how the increased FAAC allocations have been spent, including details of projects executed, their locations, and nature of the expenditures.

Data cited by SERAP show that FAAC allocations rose to ₦28.78 trillion in 2024, a 79% increase over the previous year.

State governments’ share reportedly increased by 45.5% to ₦5.22 trillion, with monthly distributions in 2025 exceeding ₦1.6 trillion.

Despite these increases, SERAP noted that millions of Nigerians still experience poor living conditions, with some states owing civil servants salaries and pensions, and others relying on borrowing to meet wage obligations.

Access to basic services remains limited, and allegations of corruption and mismanagement persist, eroding public trust.

The group emphasised that Nigerians have a constitutional right to know how public funds, including fuel subsidy savings, are used. SERAP cited the 1999 Constitution, UN Convention against Corruption, and Supreme Court rulings affirming the applicability of the Freedom of Information Act to public records nationwide.

No hearing date has been scheduled for the case.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:
Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *