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SERAP files suit against Tinubu over missing $15 billion, N200 billion oil revenues

SERAP has filed a suit against Tinubu over missing $15 billion, N200 billion oil revenues. In a November 5 release, the Socio-Economic Rights and Accountability Project (SERAP) announced that it has taken legal action against President Bola Tinubu over his failure to probe missing $15 billion and N200 billion oil revenues.  

SERAP is demanding a thorough investigation into the alleged disappearance of over $15 billion in oil revenues and N200 billion budgeted for refinery repairs between 2020 and 2021, based on findings in the 2021 oil sector report by the Nigerian Extractives Industries Transparency Initiative (NEITI).  

A part of the SERAP statement read: 

SERAP also calls for the recovered proceeds of corruption to be utilized for the betterment of Nigerians. The organization argues that addressing these allegations is crucial for justice, ending impunity, and regaining public trust, emphasizing the impact of corruption on economic development and many Nigerians. 

The lawsuit names the Attorney General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, as a Respondent. No hearing date has been scheduled yet for the case.