Socio-Economic Rights and Accountability Project (SERAP), has obtained the leave of the court to apply for an order of mandamus to compel President Bola Tinubu to investigate the alleged missing $2.1 billion and N3.1 trillion oil revenue under the administration of the immediate past President, Muhammadu Buhari.
SERAP in June had filed a lawsuit to compel President Tinubu to set up a presidential panel of enquiry to promptly probe the grim allegations that US$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, as documented by the Auditor-General of the Federation.
The organisation had urged the President to “name and shame anyone suspected to be responsible for the alleged widespread and systemic corruption in the use of oil revenues and the management of public funds budgeted as fuel subsidy and to ensure their effective prosecution as well as the full recovery of any proceeds of crime.”
It also urged him “to promptly, thoroughly, independently, transparently and effectively probe all fuel subsidy paid by successive governments since the return of democracy in 1999, and to use any recovered proceeds of crime as palliatives to address the impact of any subsidy removal on poor Nigerians.”
SERAP giving an update in a post on its X (formerly Twitter) on Tuesday night wrote, “We have obtained the leave of the court to apply for an order of mandamus to compel the Tinubu administration to probe the allegations that USD$2.1 billion and N3.1 trillion of oil revenues are missing and unaccounted for between 2016 and 2019.”