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Home Uncategorized

SERAP sues Buhari over missing N881bn in 367 MDAs

Business 360 by Business 360
November 1, 2021
in Uncategorized
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SERAP sues Buhari over missing N881bn in 367 MDAs

Socio–Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over his failure to probe allegations that over 880 billion of public funds are missing from 367 ministries, departments and agencies (MDAs), to ensure the prosecution of those suspected to be responsible, and the recovery of any missing or diverted public funds.

The suit followed allegations contained in part 2 of the 2018 annual audited report by the Office of the Auditor General of the Federation that 880,894,733,084.811 was spent by 367 MDAs without any appropriation.

In the suit, number FHC/ABJ/CS/1281/2021, filed last week at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel President Buhari to promptly investigate the alleged missing N881 billions of public funds, and to ensure the prosecution of those suspected to be responsible, and the full recovery of any missing, mismanaged or diverted public funds.”

In the suit, filed by its lawyer, Kolawole Oluwadare, SERAP is arguing that: “complying with constitutional requirements and international standards on spending of public funds would ensure effective and efficient management of public resources, and put the country’s wealth and resources to work for the common good of all Nigerians.

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