SERAP Demands Action Over Alleged N11 Trillion Misappropriated In Power Sector

SERAP seeks probe of N11trn power sector expenditure – Blueprint Newspapers  Limited

Yemisi Izuora

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Muhammadu Buhari to investigate the alleged misappropriation of N11 trillion deployed to upgrade the power sector.

SERAP’s Deputy Director, Kolawole Oluwadare in a statement also tasked appropriate anti-corruption agencies to ensure prompt investigations into the matter.

SERAP made the call following the collapse of the national grid, which has plunged the country into total darkness with generation capacity dropping to 2,000 megawatts and about 14 power plants shutting down.

“Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing public funds should be traced and fully recovered.”

“The failure of successive governments and high-ranking government officials to prevent corruption in the electricity sector and to bring suspected perpetrators to justice is the primary cause of the persistent crisis in the electricity sector, including the exploitation of electricity consumers, and collapse of the electricity grid,” it said.

According to SERAP, “Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.

“The staggering amounts of public funds alleged to have been stolen over the years in the electricity sector have had catastrophic effects on the lives of millions of Nigerians, akin to crimes against humanity against the Nigerian people.

“Investigating the allegations of missing N11 trillion electricity funds, prosecuting suspected perpetrators and recovering any missing public funds would end a culture of impunity. It would also address persistent collapse of the electricity grid, and improve access to and affordability of electricity in the country.


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