- SERAP also appealed to the Attorney-General of the Federation and relevant anti-corruption agencies to step in
- It warned that such issues undermine public confidence and violate established anti-corruption standards
- SERAP further demanded transparency regarding the company that allegedly received the N465m investment
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to authorise a thorough investigation into alleged financial irregularities amounting to N2.9bn involving the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA).
Eko Hot Blog gathered that in a letter dated April 11, 2026, and signed by its Deputy Director, Kolawole Oluwadare, the organisation called for those in charge of the agencies, along with the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, to provide explanations regarding the disputed funds.
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SERAP also appealed to the Attorney-General of the Federation and relevant anti-corruption agencies to step in, investigate the claims, and bring any culpable individuals to justice.
The group said its concerns are based on findings from the Auditor-General’s report released in September 2025, which it noted pointed to serious lapses in financial management.
It warned that such issues undermine public confidence and violate established anti-corruption standards.
According to SERAP, NIGCOMSAT was linked to multiple questionable transactions, including an investment of N465m in a private firm without proper authorisation or due process.
The organisation also raised concerns about undocumented expenditures, revenue that was not remitted to government accounts, and large sums tied up in unrecovered debts.
Similar issues were highlighted at the NNRA, where several payments were reportedly made without supporting records or evidence that the projects or services were actually delivered.
These included spending on training programmes, equipment purchases, and other activities lacking proper documentation.
SERAP further demanded transparency regarding the company that allegedly received the N465m investment, including disclosure of its ownership structure.
The organisation gave the government a seven-day window to act on its recommendations, warning that it would consider legal options if no action is taken.
It stressed that ensuring accountability is crucial, especially given the strategic importance of both agencies to national development and safety.
SERAP added that recovering any missing funds and prosecuting those responsible would send a strong message about the government’s commitment to fighting corruption.
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