Probe ₦94.4bn allegedly diverted, unremitted oil funds, SERAP tells Tinubu

Vanguard News | 04-10-2026 09:15am |

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Midstream and Downstream Gas Infrastructure Fund (MDGIF) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to account for over ₦94.4 billion in public funds. The funds are alleged to have been diverted, unremitted, unaccounted for, or irregularly spent. The allegations are documented in the 2024 (Volume 2) Annual Report published by the Auditor-General of the Federation on 7 August 2026. SERAP also called for the prosecution of anyone found responsible where sufficient evidence is established.

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