Oil revenues: Probe missing $15billion, N200billion - SERAP tells President Tinubu

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Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to set up a presidential panel of enquiry to promptly probe the grim allegations that over US$15 billion of oil revenues and N200 billion budgeted to repair the refineries are missing. The Nigeria Extractive Industries Transparency Initiative (NEITI) revealed that the revenues needed to …

Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to set up a presidential panel of enquiry to promptly probe the grim allegations that over US$15 billion of oil revenues and N200 billion budgeted to repair the refineries are missing.

SERAP urged President Tinubu to “name and shame anyone suspected to be responsible for the missing and unaccounted for public funds and to ensure their effective prosecution as well as the full recovery of any proceeds of crime.” In a letter dated 23 September 2023, signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Taking these important measures would end the impunity of perpetrators.

“Any failure to investigate these grave allegations, bring suspected perpetrators to justice and recover any missing public funds would have serious resource allocation and exacerbate the country’s debt burden.

Source: Law Daily Report (lawdailyreport.net)

 

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