The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to direct relevant authorities to account for and explain the whereabouts of an alleged ₦2.9 billion in missing or diverted public funds involving the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA).
SERAP also urged the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, alongside the management of both agencies, to provide full explanations and supporting records for the alleged financial discrepancies.
In a letter dated April 11, 2026, and signed by SERAP deputy director Kolawole Oluwadare, the organisation said the allegations represent “a grave violation of the public trust and a fundamental breach of Nigeria’s anti-corruption laws and international obligations.”
SERAP further urged the Attorney General of the Federation, Lateef Fagbemi, and relevant anti-corruption agencies to investigate the alleged diversion of funds and recover any missing public resources.
The group also demanded transparency from NIGCOMSAT regarding a reported ₦465 million unauthorised investment, calling for disclosure of the shareholders and beneficial owners of the company involved.
“Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing or diverted public funds should be fully recovered and remitted to the treasury,” SERAP stated.
The organisation gave the Federal Government a seven-day deadline to respond, warning that it may initiate legal action if its demands are ignored.
SERAP stressed that accountability in both agencies is critical due to their strategic roles in Nigeria’s digital economy and national safety infrastructure.
“Mismanagement in these agencies not only wastes scarce public resources but also threatens national development, technological progress, and public safety,” it said.
The allegations are based on findings from an Auditor-General’s report published on September 9, 2025, which examined financial operations in both agencies and flagged several irregularities.
According to the report, NIGCOMSAT failed to account for over ₦465 million linked to an unauthorised investment in Gicell Wireless Ltd, while also making irregular payments, failing to remit revenue, and recording undocumented expenditures.
The report further highlighted issues including unpaid remittances to the Consolidated Revenue Fund and unsupported transfers from Remita accounts.
On NNRA, the Auditor-General raised concerns over unverified training expenditures, payments for undelivered goods, unretired cash advances, and unexplained operational costs.
SERAP described the findings as indicative of a “systemic pattern of financial mismanagement and opacity,” warning that failure to act could further erode public trust and weaken Nigeria’s anti-corruption framework.
