The Socio-Economic Rights and Accountability Project (SERAP) has asked Bola Tinubu to order an investigation into about ₦2.9 billion said to be missing from the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA), following findings in an official audit report.
In a letter dated April 11, SERAP, through its deputy director, Kolawole Oluwadare, called on the president to direct the Minister of Communications, Bosun Tijani, to explain how the funds were handled.
The group also urged the Attorney General, Lateef Fagbemi, and anti-corruption agencies to begin a full investigation and take legal action where necessary.
The request followed details contained in the Auditor-General’s report released in September 2025, which raised concerns about several financial activities in both agencies. According to the report, NIGCOMSAT could not properly account for over ₦465 million linked to an investment in a private company.
The audit found that the investment did not follow approval procedures and lacked proper documentation. There were also issues related to staff payments, missing revenue, unpaid taxes, and debts running into billions of naira.
The report also pointed to irregular spending within NNRA, including payments for training programmes without evidence that such activities took place. It further raised concerns about money spent on equipment without proper approval and possible cases of payments for items that were not delivered.
SERAP said the situation shows the need for transparency and accountability in how public funds are managed. The organisation asked the government to act within a short time frame and warned that it may take legal steps if no action is taken.
The group also requested that NIGCOMSAT should disclose details of the company linked to the investment, including its owners and shareholders, to allow public scrutiny.
The Auditor-General’s findings covered financial activities between 2021 and 2022 and identified multiple cases of missing or poorly documented funds across the agencies. While the government has not yet issued a full response, the development has added to ongoing concerns about financial management in public institutions.