metro
SERAP sues Tinubu over ‘failure to probe missing $2.1bn, N3.1trn of subsidy payments’
SERAP sues Tinubu over ‘failure to probe missing $2.1bn, N3.1trn of subsidy payments’
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over “the failure to probe the allegations that USD$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019.”
The suit followed the grim allegations documented by the Auditor-General of the Federation in the 2016 and 2019 annual reports that the public funds are missing.
In the suit number FHC/L/CS/1107/23 filed last Friday at the Federal High Court in Lagos, SERAP is seeking: “an order of mandamus to direct and compel President Tinubu to promptly probe allegations that USD$2.1 billion and N3.1 trillion public funds are missing and unaccounted for between 2016 and 2019.”
SERAP is also seeking: “an order of mandamus to compel President Tinubu to direct the anti-corruption agencies to promptly probe fuel subsidy payments made by governments since the return of democracy in 1999, name and shame and prosecute suspected perpetrators, and to recover any proceeds of crimes.”
READ ALSO:
- Reps Speakership: Tajudeen Abbas’ chances boosted as Betara, Gagdi quit
- You can’t investigate Emefiele, transfer case to EFCC, Falana tells DSS
- El-Rufai comments: Democracy game of numbers, Sharia Council tackles CAN
SERAP is also seeking: “an order of mandamus to direct and compel President Tinubu to use any recovered proceeds of crime as palliatives to address the impact of the subsidy removal on poor Nigerians, and to put in place mechanisms for transparency and accountability in the oil sector.”
In the suit, SERAP is arguing that: “The allegations that US$2.1 billion and N3.1 trillion of public funds are missing and unaccounted amount to a fundamental breach of national anticorruption laws and the country’s international obligations including under the UN Convention against Corruption to which Nigeria is a state party.”
SERAP is also arguing that, “The Tinubu government has constitutional and international legal obligations to get to the bottom of these allegations and ensure accountability for these serious crimes against the Nigerian people.”
According to SERAP, “Directing and compelling President Tinubu to promptly probe, name and shame and bring to justice the perpetrators and to recover any missing public funds would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.”
SERAP is further arguing that, “Allegations of corruption in fuel subsidy payments suggest that the poor have rarely benefited from the use and management of the payments.”
The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Ms Adelanke Aremo, Ms Valentina Adegoke, and Ayomide Johnson, read in part: “There will be no economic growth or sustainability without accountability for the human rights crimes.”
“Poor and socio-economically vulnerable Nigerians should not be made to continue to pay the price for the stealing of the country’s oil wealth while state and non-state actors pocket public funds.”
“Investigating and prosecuting the allegations, and recovering any missing public funds would serve the public interest, ensure justice and accountability, and end the entrenched impunity of perpetrators.”
READ ALSO:
- Clashes resume in Sudan As 24-hour ceasefire ends
- June 12 annulment, a tragic mistake – Jerry Gana
- Ekiti chef hits 60-hour cooking mark, trails Hilda Baci’s 100-hour record
“According to the audited reports between 2016 and 2019 by the Auditor General of the Federation (AGF), the Nigerian National Petroleum Corporation (NNPC) failed to remit N663,896,567,227.58 into the Federation Account. The Auditor-General fears that the money may be missing.”
“The NNPC also reportedly failed to account for the allocation of crude oil to refineries in 2019. 107,239,436.00 barrels of crude oil were lifted as domestic crude without any document. The Auditor-General fears that the crude valued at N55,891,009,960.63 may have been diverted.”
“The NNPC in 2019 also failed to remit N1,955,354,671,268.66 and N55,157,702,848.74 of generated revenues into the Federation Account, contrary to Section 162(1) of the Nigerian Constitution 1999 [as amended]. The Auditor-General fears that the money may have been diverted.”
“The NNPC also failed to account for N4,572,844,962.25 of ‘domestic gas receipts’, thereby ‘reducing the distributable revenue in the Federation account.’ The NNPC also in 2019 failed to account for 22,929.84 litres of PMS pumped from refineries and valued at N7,056,137,180.00.”
“The NNPC also ‘illegally classified’ 239,800 barrels of crude oil valued at N5,498,045,220 as ‘crude oil losses.’”
“The Department of Petroleum Resources (DPR) in 2019 also reportedly failed to remit US$1,278,364,595.49 in revenue to the Federation Account. The money was deducted by the NNPC from the Oil and Gas Royalty assessed by the DPR.”
“The DPR in 2019 also deducted N19,840,081.29 as ‘stamp duty’ payments from contractors and consultants but the DPR instantly paid back the money to the contractors and consultants instead of remitting it to the treasury.”
“The DPR in 2019 also paid N137,225,973.35 to contractors and consultants for various contracts and consultancies but failed to deduct stamp duty.
“The DPR also paid N11,856,088,271.92 as salaries for 2019 but failed to deduct N118,560,882.72 as contribution of 1% Industrial Training Fund (ITF). The DPR in 2019 also failed to transfer US$35,738,342.95 year balance.
READ ALSO:
- Police arrest wanted kidnappers’ informant in Abuja
- 10 unforgivable sins committed by Emefiele
- Tribunal dismisses Peter Obi’s request to question INEC on technology deployed
- Matawalle accuses security agents of looting wives’s, children’s belongings
“The DPR in 2018 also withdrew without any explanation US$759,387,755.10 from DPR Signature Bonus Account rather than paid the money into the Federation Account.”
“Subsidy records show that N443,940,559,974.80 was paid as total subsidy for 2016 but the money was not budgeted for. The payments were for outstanding Petroleum Support Fund (PSF) commitments for year 2015. However, there was no payment in 2016. Only outstanding payments for previous years 2014 and 2015 and interest payments were made in 2016.”
“The Auditor-General fears that the oil marketers that received the subsidy payments may not have been ‘eligible to draw from the Petroleum Support Fund as the Petroleum Products Pricing and Regulatory Authority (PPPRA) failed to provide any document on the payments.’”
“N39,141,210,181.74 was also paid from the Federation Account in 2016 to different Oil Marketers in 26 transactions, being Payments of Interest and Foreign Exchange Differential on Subsidy but without any document.”
“The NNPC also made ‘zero profit’ and recorded ‘losses from its joint ventures in 2016. This is contrary to expectations that profits should be made from the joint ventures.’”
“The Ministry of Petroleum Resources, Abuja in 2016 paid N14,490,000.00 for the supply of 3 Nissan Almera Saloon vehicles 1.5 to the Ministry without proper documentation. The purchase of ‘the vehicles were made through direct procurement without competitive bidding by at least three companies, as required by Financial Regulations. There was no advertisement and bidding for this contract.’”
“Although ‘N12,442,500.00 was approved by the Bureau of Public Procurement for the vehicles, the Ministry made an overpayment of N2,047,500.00 to the car company.’”
No date has been fixed for the hearing of the suit.
SERAP sues Tinubu over ‘failure to probe missing $2.1bn, N3.1trn of subsidy payments’
Vanguard
metro
Court Orders DIA to Produce Cleric Accused of Coup Plot by February 18
Court Orders DIA to Produce Cleric Accused of Coup Plot by February 18
A Federal High Court in Abuja has directed the Defence Intelligence Agency (DIA) to produce Sheikh Sani Abdulkadir Zaria, an Islamic cleric accused of plotting a coup against President Bola Tinubu’s government, before the court on February 18, 2026. The order follows a fundamental rights enforcement suit filed on behalf of the cleric challenging the legality of his detention.
Justice Peter Lifu emphasised that in a democratic society, all security and intelligence agencies are subordinate to civil authority, noting that every citizen is entitled to protection under Sections 36(1), (5), and (6) of the 1999 Constitution. He also reminded authorities that Nigeria’s commitments to international human rights conventions require strict adherence to lawful detention procedures.
READ ALSO:
- End of Weekly Shutdown: Igboho Advocates Negotiation to Resolve Kanu’s Legal Battle
- NELFUND Refutes UniAbuja Loan Diversion Claims
- NRC, Entertainers Finalise Plans for 2026 Valentine Train Ride
The suit, filed by Sheikh Zaria’s legal team led by Sunusi Musa (SAN), Abdul Aliyu (SAN), and Mohammed Sheriff, names the DIA, the Economic and Financial Crimes Commission (EFCC), the Attorney General of the Federation and Minister of Justice, and Jaiz Bank Plc as respondents. The lawyers are seeking either the cleric’s release or an explanation for his continued detention.
During Thursday’s hearing, DIA counsel I.O. Odom Esq informed the court that the cleric was being held on behalf of the Defence Headquarters, but could not provide a valid detention order. The EFCC’s counsel, M.C. Odimbaiwe Esq, supported this position. Justice Lifu adjourned the matter and set February 18 for the DIA to produce Sheikh Zaria or justify his detention, warning that failure to do so could influence the outcome of the rights enforcement case.
Family sources linked Sheikh Zaria’s detention to an ₦2 million gift sent to the cleric’s account by an adherent connected to a suspect in the broader coup allegation. Since December 11, 2025, the cleric has reportedly been held in “safe custody” without access to family or associates, prompting his lawyers to argue that his fundamental rights have been violated.
The case underscores ongoing concerns about civil liberties, human rights, and lawful detention in Nigeria, particularly in high-profile national security investigations. The court’s ruling will be closely watched as it addresses the balance between state security and individual rights.
Court Orders DIA to Produce Cleric Accused of Coup Plot by February 18
metro
End of Weekly Shutdown: Igboho Advocates Negotiation to Resolve Kanu’s Legal Battle
End of Weekly Shutdown: Igboho Advocates Negotiation to Resolve Kanu’s Legal Battle
Yoruba nation activist, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has called on the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, to engage in constructive dialogue with the Federal Government following the formal end of the controversial Monday sit‑at‑home directive across the South‑East region.
In a statement issued on Friday by his legal counsel, Pelumi Olajengbesi, Igboho applauded Kanu for suspending the weekly protest, which had disrupted economic and social activities in the region for over five years. The directive, first introduced in August 2021, led to periodic shutdowns of markets, offices, schools, and transport services, severely affecting local businesses and daily life.
Describing the suspension as a “thoughtful and necessary” step, Igboho noted that ending the sit‑at‑home signals a shift toward constructive engagement and could help restore stability and economic normalcy in the South‑East. He said the move represents the conclusion of a five-year period of economic disruption that has hampered growth and development in the region.
READ ALSO:
- NELFUND Refutes UniAbuja Loan Diversion Claims
- NRC, Entertainers Finalise Plans for 2026 Valentine Train Ride
- 2027 General Elections: INEC Announces February 20 for Presidential Poll
Beyond applauding the abolition of the civil disobedience measure, Igboho urged Kanu to adopt a conciliatory approach, opening channels for mediation and negotiation with the Federal Government. He emphasised that sustained dialogue could help break the deadlock surrounding Kanu’s legal battle and potentially pave the way for a political resolution to longstanding grievances.
Igboho also warned that those who profit from the destabilisation and violence in the South‑East should desist, highlighting the importance of peace for the economic recovery and prosperity of the region and the nation at large.
“This is a critical moment for the South‑East. True progress depends on dialogue, compromise, and the willingness of all parties to engage constructively,” the statement read. Igboho’s remarks reflect a growing call among activists and stakeholders for peaceful resolution and collaboration to ensure lasting stability in the region.
The end of the Monday sit‑at‑home has been welcomed by several civil society groups and business leaders, who view it as a key step toward restoring normalcy, resuming commerce, and promoting social cohesion in the South‑East.
End of Weekly Shutdown: Igboho Advocates Negotiation to Resolve Kanu’s Legal Battle
metro
EFCC Nabs Three in Borno Over Viral ₦500 Naira Mutilation Video
EFCC Nabs Three in Borno Over Viral ₦500 Naira Mutilation Video
The Economic and Financial Crimes Commission (EFCC) has arrested three suspects in Maiduguri, Borno State, over alleged naira mutilation following a viral social media video showing them misusing the Nigerian currency.
In a statement issued on Thursday by its Head of Media and Publicity, Dele Oyewale, the anti-graft agency disclosed that the suspects — Adam Muhammad, Muhammad Muhammad, and Bashir Musa — were apprehended by operatives of the EFCC’s Maiduguri Zonal Directorate.
READ ALSO:
- Omokri Accuses El-Rufai of Rights Abuses During Kaduna Governorship
- Lagos Motor Fair, Autoparts Expo to begin March 17, targeting Investment, Industry Growth
- First Daughter of Murtala Muhammed Reflects on Life Without Father, Preserving His Legacy
According to the commission, the trio was seen in a widely circulated video cleaning mucus from their noses using ₦500 naira notes, an act described as abuse and defacement of the national currency.
The statement said the suspects were traced and arrested within the Maiduguri metropolis shortly after the video surfaced online and triggered public reactions.
They are currently being held at the EFCC’s Maiduguri detention facility while investigations continue. The commission added that the suspects would be charged to court upon the conclusion of investigations.
Under the Central Bank of Nigeria (CBN) Act, abuse, defacement, spraying, or improper handling of the naira constitutes an offence punishable under Nigerian law. The EFCC has in recent months intensified its crackdown on cases involving naira abuse and currency mutilation across the country.
The latest arrest underscores the agency’s renewed enforcement drive aimed at protecting the integrity of Nigeria’s legal tender.
EFCC Nabs Three in Borno Over Viral ₦500 Naira Mutilation Video
-
metro1 day agoIKEDC Sets Feb 20 Deadline for Customers to Submit Valid IDs or Face Disconnection
-
Education1 day agoSupreme Court Affirms Muslim Students’ Right to Worship at Rivers State University
-
metro21 hours agoLagos Police Launch Manhunt for Suspect in Brutal Ajah Murder
-
Business3 days agoDangote Refinery Slashes Petrol Price to ₦774, Ends PMS Bonus Window
-
News21 hours agoAso Rock Goes Solar as Tinubu Orders National Grid Disconnection
-
Business2 days agoNaira Could Trade Below ₦1,000/$ With Dangote Refinery at Full Capacity — Otedola
-
metro3 days agoKwara, Katsina Bloodshed: TMC Condemns Attacks, Dismisses ‘Jihadist Preacher’ Claims
-
metro1 day agoArmy University Professor Dies in Boko Haram Captivity After Nearly One Year


