Probe Missing $2.1bn, N3.1trn Subsidy Payments, SERAP Tells Tinubu

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Probe Missing $2.1bn, N3.1trn Subsidy Payments, SERAP Tells Tinubu
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SERAP claimed that the funds were unaccounted for between 2016 and 2019 and that they are documented in an audit report prepared by the Auditor-General of the

and shame anyone suspected to be responsible for the alleged widespread and systemic corruption in the use of oil revenues and the management of public funds budgeted as fuel subsidy, and to ensure their effective prosecution as well as the full recovery of any proceeds of crime.

SERAP, which made the demands in a letter dated June 3, 2023 and signed by its deputy director, Kolawole Oluwadare, also threatened to drag the federal government to court if the demands were ignored. The organisation further urged the government to probe all fuel subsidies paid by successive governments since the return of democracy in 1999, and to use any recovered proceeds of crime as palliatives to address the impact of any subsidy removal on poor Nigerians.

It maintained that there is a legitimate public interest in ensuring justice and accountability for these serious allegations and that there will be no economic growth or sustainability without accountability for these human rights crimes. SERAP also stated that the Tinubu administration must urgently act to follow due process of law in any policy to remove fuel subsidy, ensure that suspected perpetrators of these crimes against Nigerians are brought to justice and full recovery of any missing public funds.

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