The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to order a probe into the alleged disappearance of ₦2.9 billion from two critical government agencies.
In a letter dated 11 April 2026, SERAP urged the President to direct the Minister of Communications, Bosun Tijani, alongside the management of Nigerian Communications Satellite Limited (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA), to explain the whereabouts of the funds.
The group also asked the Attorney General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the allegations and ensure that any missing money is recovered and returned to public coffers.
SERAP’s request is based on findings contained in the 2025 annual report of the Auditor-General, which flagged widespread financial irregularities across both agencies.
According to the report, NIGCOMSAT failed to account for over ₦465 million linked to an unauthorised investment in a private firm. The investment reportedly lacked ministerial approval and proper documentation, raising concerns that the funds may have been diverted.
The agency was also accused of failing to remit more than ₦507 million in internally generated revenue, making irregular transfers exceeding ₦84 million, and paying millions for items and services without due process or evidence of delivery.
Further issues included unremitted taxes, unrecovered debts of over ₦1.6 billion, and payments for goods that were never supplied.
At the NNRA, auditors reportedly uncovered payments for training programmes without proof they were conducted, procurement of ICT equipment without approvals, and millions spent on items that were never delivered.
The report also cited unretired cash advances, unrecorded revenues, and payments for foreign training without evidence of attendance.
SERAP described the allegations as a serious breach of public trust, warning that failure to act could undermine confidence in government institutions and weaken Nigeria’s anti-corruption framework.
“Accountability in NIGCOMSAT and NNRA is critical given their strategic roles in Nigeria’s digital economy and national safety systems,” the organisation said.
It added that if no action is taken within seven days, it would consider legal steps to compel compliance in the public interest.
