SERAP probe ₦2.9bn funds has been demanded from President Bola Tinubu following audit allegations involving NIGCOMSAT and NNRA. Socio-Economic Rights and Accountability Project stated that the reported irregularities point to weak financial oversight and possible breaches of public finance regulations.
Findings referenced in Auditor-General reports formed basis of the request as SERAP call for investigation, recovery of funds, and prosecution where necessary.
SERAP probe ₦2.9bn funds relates to financial accountability concerns flagged in federal audit reports. Allegations involve two strategic agencies under the federal government.
NIGCOMSAT manages Nigeria’s satellite communication infrastructure. NNRA oversees nuclear safety and radiological regulation nationwide. Both agencies hold critical roles in national infrastructure and regulatory safety. SERAP stated financial mismanagement in such institutions affects public trust.
Audit findings reportedly highlighted gaps in compliance and documentation. These concerns formed basis for SERAP’s formal intervention. In a letter dated April 11, 2026, SERAP addressed President Tinubu. Deputy Director Kolawole Oluwadare signed the correspondence.
SERAP probe ₦2.9bn funds includes allegations drawn from Auditor-General reports covering agency expenditures. For NIGCOMSAT, audit concerns include payments without supporting documentation. Reports also cited questionable investments and procurement irregularities.
For NNRA, findings referenced training payments without proof of execution. It also included ICT procurement without proper approvals. Undelivered items and unretired cash advances were also flagged.
SERAP stated that responsible individuals should face prosecution if evidence is confirmed.
It also demanded recovery of any missing or misapplied public funds. The organisation further called for disclosure of investment-related beneficiaries linked to alleged ₦465 million transactions.
SERAP probe ₦2.9bn funds was described as necessary for transparency and compliance with public finance laws. The group emphasized enforcement of audit recommendations across agencies. The probe demand highlights ongoing scrutiny of federal financial management systems.
It raises concerns over procurement compliance and expenditure tracking in public agencies. If verified, findings may trigger institutional reforms and recovery actions. It could also strengthen enforcement of audit compliance mechanisms.
The case reinforces growing demand for transparency in public sector governance.
It places renewed attention on oversight institutions and accountability frameworks.
