The Socio-Economic Rights and Accountability Project has called on President Bola Ahmed Tinubu to order a full investigation into the alleged diversion of ₦2.9 billion from key government agencies.
In a letter dated April 11, 2026, signed by its Deputy Director, Kolawole Oluwadare, the organisation urged the President to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, and the management of the Nigerian Communications Satellite Ltd and Nigerian Nuclear Regulatory Authority to account for the alleged missing funds.
SERAP also asked the Attorney-General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the allegations and prosecute anyone found culpable, while ensuring recovery of any diverted public funds.
The group said the allegations were contained in the latest report by the Auditor-General, published in September 2025, and described them as a serious breach of public trust and Nigeria’s anti-corruption laws.
Among the issues raised, SERAP highlighted an alleged ₦465 million “unauthorised investment” by NIGCOMSAT in a private company without required approvals or due process, raising concerns that the funds may have been diverted.
It also cited multiple cases of irregular payments, unremitted revenues, unexplained transfers and failure to recover debts amounting to billions of naira within the agency.
For NNRA, SERAP pointed to alleged payments for contracts, training programmes and procurement of items without evidence of execution or delivery, suggesting possible mismanagement or diversion of funds.
The organisation stressed that accountability in both agencies is critical given their strategic roles in Nigeria’s digital infrastructure and national safety systems.
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“These allegations suggest a systemic pattern of financial mismanagement, opacity and corruption,” SERAP said, warning that failure to address them could undermine public confidence and weaken the country’s anti-corruption framework.
SERAP further urged NIGCOMSAT to disclose the ownership structure of a company linked to the controversial investment and demanded that corrective measures be taken within seven days, failing which it may pursue legal action.
The group maintained that ensuring transparency and accountability in public institutions is essential to safeguarding national development and public resources
