The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu, accusing his administration of failing to prosecute contractors who allegedly received over N167 billion from the Nigerian Bulk Electricity Trading Plc. (NBET) and 30 other government agencies without executing any projects.
The SERAP announced the legal action via its official X account, stating that the administration’s inaction on the alleged fraud raises serious concerns about transparency and accountability.
“We have sued President Tinubu over the failure to prosecute contractors who collected over N167 billion from NBET and 30 other MDAs but failed to deliver any projects,” the group declared.
The lawsuit urges the court to force the government to investigate the alleged misappropriation of funds and prosecute those responsible.
According to SERAP, allowing the scandal to go unpunished would set a dangerous precedent for financial mismanagement in Nigeria’s public sector.
The advocacy group also emphasised the economic impact of corruption in the power sector, which has struggled with inefficiencies despite repeated financial interventions.
Additionally, SERAP called on the court to direct President Tinubu to order the Minister of Finance, Wale Edun, to publish full details of the affected projects.
The group demanded disclosure of project locations, the amounts received by each contractor, and the identities of those behind the companies involved.
The lawsuit showed the ongoing concerns about Nigeria’s commitment to fighting corruption. While Tinubu’s administration pledged to tackle corruption, scandals involving government funds continue to emerge.
If successful, SERAP’s legal action could push for greater transparency and stricter oversight of public contracts.
With Nigeria facing economic challenges, the case highlights growing pressure on the government to demonstrate its commitment to financial accountability and anti-corruption reforms.
