President Bola Tinubu has been asked to urgently investigate allegations that more than N128 billion cannot be accounted for by the Ministry of Power and the Nigerian Bulk Electricity Trading (NBET) Plc.
This call for a probe was made by the Socio-Economic Rights and Accountability Project (SERAP) in a statement issued on Sunday.
The group urged Mr Tinubu to give directive to the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), and the appropriate anti-corruption agencies to look into the allegations of the missing N128 billion.
It declared that anyone suspected to be responsible should face prosecution as appropriate, especially if there is sufficient admissible evidence, and any missing or diverted public funds should be fully recovered and remitted to the treasury.
In the latest annual report published by the Auditor-General on September 9, 2025, it was claimed that the funds could not be accounted and may have been diverted by some persons.
In its statements today, SERAP said Nigerians continue to pay the price for the widespread and grand corruption in the power sector, stressing that there is a legitimate public interest in ensuring justice and accountability for these grave allegations.
“Tackling corruption in the power sector would go a long way in addressing the persistent breakdown of transmission lines in the country, and improving access of Nigerians to regular and uninterrupted electricity supply,” a part of the statement read.