SERAP said the alleged loss involves public money handled by the Ministry of Power and the Nigerian Bulk Electricity Trading Plc. The organisation based its request on findings contained in the Auditor-General’s report released in September 2025.
In its letter signed by its Deputy Director, Kolawole Oluwadare, SERAP asked the President to instruct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, alongside anti-corruption agencies, to investigate the matter. It also called for anyone found responsible to face trial and for all recovered funds to be returned to government accounts.
The group added that any money recovered should be used to reduce the 2026 budget shortfall and help manage the country’s rising debt burden. It said the issues raised point to long-standing problems in the management of the power sector, which continue to affect electricity supply across the country.
SERAP noted that Nigerians are still dealing with unstable power due to poor handling of resources in the sector. It stated that dealing with these issues could improve electricity transmission and ensure better access to power.
Details from the Auditor-General’s report showed that the Ministry of Power failed to explain how over ₦4.4 billion sent to the Mambilla, Zungeru and Kashimbilla project accounts was used. The report also raised concerns over ₦95.4 billion paid to contractors without proof that work was done, as well as ₦33.5 million spent on foreign trips without proper approval.
Other expenses queried include over ₦230 million paid for a digital platform, ₦282 million in advances that went beyond allowed limits, and several payments made without approval or supporting documents.
At the Nigerian Bulk Electricity Trading Plc., the report pointed to issues such as questionable contract awards, unclear transfers into sub-accounts, payments without procurement approval, and consultancy fees for services that were not clearly delivered.
SERAP warned that if no action is taken within seven days of receiving the letter, it may take legal steps to compel the government to act in the public interest. The group also referred to the Constitution and Nigeria’s global anti-corruption commitments, saying the government has a duty to ensure accountability and proper use of public funds.
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