SERAP takes legal action over N128bn power sector funds
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Minister of Power, Adebayo Adelabu, and the Nigerian Bulk Electricity Trading Plc regarding N128bn in public funds. SERAP alleges that the funds are missing or diverted and is demanding full disclosure of how the money was spent. The group argues that corruption in the power sector has led to hardship for ordinary Nigerians, including frequent grid collapses and erratic electricity supply. SERAP is seeking a court order to compel transparency and accountability from the Ministry of Power and NBET.
What we know
- SERAP sued Adebayo Adelabu and NBET at the Federal High Court in Abuja over alleged unaccounted N128bn.
- The lawsuit follows findings from the Auditor-General’s 2022 audited report, which highlighted financial irregularities.
- SERAP is asking the court to order the disclosure of how the N128bn was spent, including beneficiaries and authorising officials.
- The group says corruption in the electricity sector has caused hardship for Nigerians, who face unreliable power supply and high bills.
- No date has been fixed for the hearing of the suit.
