The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against President Bola Tinubu concerning the alleged mismanagement of subsidy payments.
The organization is demanding an investigation into the whereabouts of $2.1 billion and N3.1 trillion allocated for fuel subsidies that remain unaccounted for.
The lawsuit comes in response to troubling findings outlined in the Auditor-General of the Federation’s 2016 and 2019 annual reports, which revealed the need for proper records for these public funds.
In their filing, registered as suit number FHC/L/CS/1107/23 and submitted last Friday at the Federal High Court in Lagos, SERAP is seeking a court order, known as an order of mandamus, to compel Tinubu to take action.
The organization wants the President to direct anti-corruption agencies to investigate subsidy payments made by successive governments since 1999. Additionally, they are demanding the identification and prosecution of suspected individuals involved in the misappropriation and the recovery of the missing funds.
SERAP insists that any funds recovered should be utilized as assistance measures to mitigate the impact of subsidy removal on impoverished Nigerians.
According to the group, misallocating public funds severely violates anti-corruption laws and international obligations, including Nigeria’s commitment to the UN Convention against Corruption.
“Given Nigeria’s constitutional and international legal obligations, the Tinubu administration must thoroughly investigate these allegations and ensure accountability for these grave offenses against the Nigerian people,” stated SERAP.