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Tag: SERAP

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Business

SERAP drags CBN to court alleged N3tn diversion

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria, seeking a detailed explanation over an alleged N3 trillion in missing or diverted public funds. The suit also demands accountability for N629 billion reportedly disbursed to “unknown beneficiaries” under the Anchor Borrowers’ Programme. In a statement issued on Sunday, […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Opinion

SERAP drags CBN to court over missing ₦3tn funds

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria “over the failure to account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, including the over N629 billion paid to ‘unknown beneficiaries’ as part of the Anchor Borrowers’ Programme.” The lawsuit followed […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
Business

SERAP petitions CCB over alleged manipulation of electoral act, tax bills

The Socio-Economic Rights and Accountability Project has filed a petition with the Code of Conduct Bureau, urging an investigation into members of the Senate and other public officials over alleged irregularities in the passage of the Electoral Act Amendment Bill and the Tax Reform Laws. In a statement released on Sunday, SERAP’s Deputy Director, Kolawole […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Oil and Gas

SERAP sues NNPCL over missing ₦22.3bn oil funds

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over its alleged failure to account for missing or diverted oil funds totaling ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. The suit follows allegations contained in the 2022 audited report by the Auditor-General of the Federation, […]

Opinion

SERAP sues 36 govs, Wike over unaccounted security vote spending

The Socio-Economic Rights and Accountability Project has filed a lawsuit against all state governors and the Minister of the Federal Capital Territory, Nyesom Wike. The suit addresses their alleged failure to account for billions of naira spent as security votes since May 29, 2023. SERAP explained that the action was triggered by ongoing insecurity in […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Business

SERAP seeks probe of alleged corruption within NMDPRA

The Socio-Economic Rights and Accountability Project has urged Nigeria’s anti-corruption agencies to swiftly probe allegations of corruption at the Nigerian Midstream and Downstream Petroleum Regulatory Authority. In a statement on Monday, SERAP called on the Code of Conduct Bureau, the Economic and Financial Crimes Commission, and the Independent Corrupt Practices and Other Related Offences Commission […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
featured

SERAP sues NNPCL over N500bn missing oil revenue allegation

The Socio-Economic Rights and Accountability Project has initiated legal proceedings against the Nigerian National Petroleum Company Limited over the alleged failure to remit approximately $2.04 billion and ₦164 billion in oil revenues to the Federation Account. SERAP made this disclosure in a post on X (formerly Twitter) on Sunday, stating, “We’ve sued the NNPCL over […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
News

SERAP calls on CBN to reveal disbursements to 774 LGs

The Socio-Economic Rights and Accountability Project has formally urged the Central Bank of Nigeria to clarify whether it has started disbursing funds directly from the Federation Account to the 774 Local Government Areas across Nigeria. Additionally, SERAP is demanding that the CBN publicly disclose detailed information on these allocations, including the specific amounts disbursed to […]

SERAP
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SERAP ssks Tinubu to stop ATM fee hike temporarily

The Socio-Economic Rights and Accountability Project has called on President Bola Tinubu to instruct Central Bank of Nigeria Governor, Olayemi Cardoso to halt the recent increase in Automated Teller Machine transaction fees. This request is pending the resolution of a lawsuit filed by SERAP at the Federal High Court in Lagos, challenging the legality of […]

How FG can boost Nigeria's digital growth - Analyst
News

SERAP demands reversal of 50% tariff hike, threatens court action

The Socio-Economic Rights and Accountability Project has given the Federal Government and telecommunications companies, a 48-hour ultimatum to reverse the recent 50% increase in call and data charges. SERAP issued this demand through a tweet on Tuesday, calling the tariff hike “unlawful” and threatening legal action if the increase is not rescinded within the specified […]

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