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Missing N11trn Electricity Fund: SERAP Sues Buhari

National Grid: SERAP Sues Buhari Over Missing N11trn Electricity Fund
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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over N11 trillion meant to provide regular electricity supply since 1999 may have been stolen, mismanaged or diverted into private pockets.”

Power generation drops, as GENCOs now operate below capacity - Nairametrics

In the suit number FHC/L/CS/1119/2022 filed last week at the Federal High Court, Lagos, by its lawyers Kolawole Oluwadare and Ms Adelanke Aremo, SERAP is seeking “an order of mandamus to direct and compel President Buhari to investigate how over N11 trillion meant to provide regular electricity supply has been allegedly squandered by governments since 1999.”

Epileptic Grid: SERAP Gives Buhari 7 Days To Probe Missing N11trn  Electricity Fund

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The electricity grid has reportedly collapsed at least three times within five months, and 130 times in 7 years, plunging many households across the country into darkness.

According to the World Bank, epileptic power supply costs businesses in Nigeria about $29 billion yearly.

SERAP is seeking among other things, “an order of mandamus to compel President Buhari to ensure the prosecution of anyone suspected to be responsible for the missing electricity fund, as appropriate, and to ensure the tracing and full recovery of any missing public funds.”

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SERAP is arguing that, “It is in the public interest to ensure justice and accountability for alleged corruption and mismanagement in the electricity sector, which has resulted in the failure of governments to solve Nigeria’s perennial power problem.”

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“The staggering amounts of public funds alleged to have been stolen over the years in the sector have had catastrophic effects on the lives of millions of Nigerians, akin to crimes against humanity against the Nigerian people.”

“The failure to trace, find and recover the missing electricity fund is antithetical to the public interest, the requirements of the Nigerian Constitution 1999 [as amended], and the country’s international obligations.”

“Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.”

“Investigating the allegations of missing N11 trillion electricity funds, prosecuting suspected perpetrators and recovering any missing public funds would end a culture of impunity. It would also address persistent collapse of the electricity grid, and improve access to and affordability of electricity in the country.”

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