President Bola Ahmed Tinubu has been sued by the Socio-Economic Rights and Accountability Project (SERAP) for allegedly failing to investigate the disappearance and lack of accountability for $2.1 billion and N3.1 trillion in public funds.
These funds were meant for oil revenues and budgeted as fuel subsidy payments between 2016 and 2019, according to allegations outlined in the Auditor-General of the Federation's reports for those years.
SERAP, represented by lawyers Kolawole Oluwadare, Ms. Adelanke Aremo, Ms. Valentina Adegoke, and Ayomide Johnson, filed the lawsuit at the Federal High Court in Lagos last Friday.
In addition to demanding an investigation into fuel subsidy payments since 1999, SERAP is seeking an order of mandamus to compel President Tinubu to name and prosecute those suspected of perpetrating the crimes, as well as recover any proceeds of the illicit activities.
Furthermore, SERAP is requesting that any recovered proceeds of crime be used as relief measures to address the negative impact of subsidy removal on impoverished Nigerians.
They also urge President Tinubu to establish transparent and accountable mechanisms within the oil sector. Currently, no specific hearing date has been set for the lawsuit.
 Drags President to Court for Neglecting Investigation into Missing $2.1 Billion and N3.1 Trillion Fuel Subsidy Payments){kind=link}
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