The Socio-Economic Rights and Accountability Project has given President Bola Tinubu a seven-day ultimatum to address alleged corruption in the oil sector.
The group is urging him to direct the Attorney General, Lateef Fagbemi (SAN), and anti-corruption agencies to investigate the disappearance of over twenty-six billion Naira.
In a statement dated February 1, 2025, signed by SERAP Deputy Director Kolawole Oluwadare, the organisation warned that if the government fails to act within the stipulated timeframe, it will take legal action to compel compliance in the public interest.
The revelations, detailed in the 2021 annual audited report released by the Office of the Auditor-General of the Federation on November 13, 2024, highlight alleged financial mismanagement and corruption within the oil sector, with funds reportedly unaccounted for, mismanaged, or spent without due process.
The organisation called for the immediate prosecution of those responsible and the full recovery and remittance of any missing public funds to the national treasury.
It also urged the government to allocate recovered funds toward addressing Nigeria’s budget deficit and easing the country’s debt crisis.
