The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to take action regarding the alleged disappearance of over $15 billion in oil revenues and N200 billion allocated for refinery repairs between 2020 and 2021. SERAP is urging President Tinubu to establish a presidential panel of enquiry to investigate these claims, as reported by the Nigeria Extractive Industries Transparency Initiative (NEITI).
SERAP is calling on President Tinubu to publicly identify and hold accountable anyone suspected of being involved in the mismanagement of public funds. They are also urging him to ensure that these individuals face prosecution and that the missing funds are fully recovered.
SERAP is also urging President Tinubu to implement all the recommendations made by NEITI in its 2021 report. These recommendations are crucial for promoting transparency and accountability in the management of Nigeria’s oil revenues.
SERAP emphasizes the importance of investigating these allegations to ensure justice and accountability. They believe that taking action against those responsible for the mismanagement of public funds will help prevent future incidents and alleviate the country’s debt burden.
The findings by NEITI suggest a serious violation of the public trust and Nigeria’s constitutional provisions, anti-corruption laws, and international obligations. SERAP argues that corruption undermines economic development, perpetuates poverty, and denies opportunities to the majority of Nigerians.
SERAP reminds President Tinubu of the government’s constitutional duty to promote transparency and accountability in the use of the country’s resources. It is essential for the government to address these allegations and ensure that public funds are used for the benefit of all Nigerians.