Home News SERAP sues Tinubu over ‘failure to prosecute contractors in N167bn project fraud in MDAs’
News

SERAP sues Tinubu over ‘failure to prosecute contractors in N167bn project fraud in MDAs’

Share
SERAP sues Tinubu over ‘failure to prosecute contractors in N167bn project fraud in MDAs’ | Daily Report Nigeria
Share
  • SERAP has filed a lawsuit against President Bola Tinubu over the failure to prosecute contractors involved in a N167 billion project fraud.

  • The lawsuit alleges that 31 ministries, departments, and agencies (MDAs) paid over N167 billion to companies and contractors for contracts and projects not executed.

  • SERAP is seeking a court order to compel President Tinubu to direct the Minister of Finance to name and ensure the prosecution of the contractors involved in the alleged fraud.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over the failure to prosecute contractors involved in a N167 billion project fraud.

In the suit, SERAP is asking the court to compel President Tinubu to direct the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, to name and ensure the prosecution of the contractors who collected over N167 billion from 31 MDAs but failed to execute any projects.

According to the 2021 annual audited report by the Auditor-General of the Federation, 31 ministries, departments, and agencies (MDAs) paid over N167 billion to companies and contractors for contracts and projects not executed.

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

The Nigerian Bulk Electricity Trading Plc., (NBET) alone reportedly paid N100 billion to companies and contractors for projects not executed.

READ ALSO: Telecom Tariff Hike: SERAP Sues Tinubu, NCC

SERAP is arguing that “the allegations of corruption involving many companies and contractors who collected over N167 billion from 31 MDAs have continued to impair, obstruct and undermine access of poor Nigerians to public goods and services.”

The organization is also arguing that “holding the companies and contractors who collected over N167bn from 31 MDAs but disappeared with the money would prevent and combat waste, fraud, and abuse in the spending of public funds.”

N825bn, $2.5bn: Account For Missing Funds For Refinery Repair, Involve EFCC, ICPC– SERAP Tells NNPC

Socio-Economic Rights and Accountability Project (SERAP), has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to account for the alleged missing N825 billion and $2.5 billion allocated for refinery rehabilitation and other oil revenues.

In the letter dated January 4, 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “We welcome your timely public invitation to former president Obasanjo ‘to tour the Port Harcourt and Warri refineries.’

Continue Reading Here

Share

Leave a comment

Leave a Reply

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

Related Articles
Trump
News

US Eyes Equatorial Guinea for African Migrant Deportations Amid Controversy

The US wants to deport African migrants to Equatorial Guinea, according to...

JAMB To Release 2025 UTME Results Friday | Daily Report Nigeria
News

JAMB To Release 2025 UTME Results Friday

The Joint Admissions and Matriculation Board (JAMB) will release the results of...

10 key facts about Pope Leo XIV | Daily Report Nigeria
News

10 key facts about Pope Leo XIV

New Pope Leo XIV, Cardinal Robert Francis Prevost, elected on May 8,...

Robert Prevost Elected First American Pope, Takes Name Pope Leo XIV | Daily Report Nigeria
News

Robert Prevost Elected First American Pope, Takes Name Pope Leo XIV

Robert Prevost, an American cardinal, has been elected as the new pope,...

RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush