BREAKING: President Tinubu Sued Over Missing $15bn, N200m

BREAKING: President Tinubu Sued Over Missing $15bn, N200m

  • SERAP has sued President Bola Tinubu over the missing $15 billion oil revenues and N200 billion budgeted for refinery repairs
  • The accountability group maintained that the missing money was said to have been budgeted for in the years 2020 and 2021
  • SERAP prayed the court to compel President Tinubu to order the appropriate agencies to investigate the allegation

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

Ikeja, Lagos - President Bola Tinubu has been dragged to court by the Socio-Economic Rights and Accountability Project (SERAP) over the alleged missing of over $15 billion in oil revenues and N200 billion budgeted for refinery repairs.

The accountability group said the missing monies were reported to have been budgeted and could not be accounted for between 2020 and 2021.

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Bola Tinubu/SERAP/Ikeja/High Court
SERAP sues President Tinubu over missing $15bn Photo Credit: SERAP Nigeria, Bola Ahmed Tinubu
Source: Twitter

Why SERAP sued Bola Tinubu

SERAP announced the development in a tweet on its social media page on Sunday, November 5.

The accountability group said:

"We’ve sued President Tinubu over the failure to probe the grim allegations that over US$15 billion oil revenues and N200 billion budgeted to repair the refineries in Nigeria are missing and unaccounted for between 2020 and 2021."

It was learnt that the 2021 report of the Nigeria Extractive Industries Transparency Initiative disclosed the allegation.

SERAP, Tinubu in court

SERAP is seeking a court order that would compel President Tinubu to order the relevant anti-corruption agencies to investigate the allegations that involved the "Nigerian Petroleum Development Company Limited, Nigerian Upstream Petroleum Regulatory Commission (NPDC) and State Owned Enterprises."

The group in suit number FHC/L/CS/2334/2023 filed before a Federal High Court in Lagos on Friday, November 3, sought to compel President Tinubu to probe the missing $15 billion of oil revenue in and N200 billion meant for the repair of the refineries.

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See the tweet below:

SERAP tells Tinubu to reverse journalists' ban

Legit.ng earlier reported that President Bola Tinubu had been issued a 48-hour ultimatum to restore 25 suspended journalists from reporting from the presidential villa.

SERAP, in a statement on Sunday, urged the president to reverse the ban and restore their accreditation with immediate effect.

The group asked President Tinubu to publicly order officials at the presidential villa to allow the media houses and their journalists to operate.

Source: Legit.ng

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