SERAP seeks investigation over missing N300 billion public funds


Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to direct the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), and appropriate anti-corruption agencies to investigate allegations of missing N300 billion public funds.

The Organisation said the funds documented in the 2017 audited report by the Auditor General of the Federation (AGF) were either mismanaged, diverted or stolen.

SERAP gave government 14 days within which to order Malami and the anticorruption agencies to promptly investigate the extent and patterns of widespread and endemic corruption in the ministries, departments and agencies (MDAs) indicted in the audited report.

In the letter dated July 4, 2020 and signed by SERAP Deputy Director, Kolawole Oluwadare, the organization said the 2017 audited report reveals grim allegations of mismanagement, diversion and stealing of public funds, as well as unaccounted-for spending.

It said the report suggests a grave violation of the public trust, and that the indicted MDAs and the National Assembly lack effective and credible internal processes to prevent and combat corruption.