$16bn Power Projects: SERAP tasked Buhari to Refer Obasanjo to EFCC,


The Socio-Economic Rights and Accountability Project () has asked President Muhammadu Buhari to “urgently refer the allegations of mismanagement of $16 billion power projects between 1999 and 2007 to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for further investigation.

The group urged the President to extend his searchlight beyond the Obasanjo government and prosecute anyone involved in fraudulent practices if he has relevant and sufficient evidence against them.

SERAP made this known in a statement signed by its Executive Director, Adetokunbo Mumuni, on Wednesday.

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It also advised that beyond the allegations regarding the $16 billion power projects, the President should refer the case involving the alleged squandering of over N11 trillion meant to provide regular electricity supply, to the anti-graft agencies.

The organization said, “Addressing impunity in the power sector should be total. This would help improve the integrity of government and public confidence and trust in their government. It would also serve as a vehicle to further the public’s perception of fairness and thoroughness, and to avert any appearance of political considerations in the whole exercise.

“By immediately pursuing justice and recovery of any stolen assets in the power sector, the Buhari government would be acting in the public interest, and consistent with the spirit and letter of the constitution, particularly Chapter 2 of the 1999 Constitution dealing with Fundamental Objectives and Directive Principles of State Policy, and providing that high-level public officials have a clear obligation to “eradicate all corrupt practices and abuse of power.”

SERAP stated further that the failure by successive governments to “tell Nigerians the truth about allegations of corruption in the spending of not just the $16 billion but also the over N11 trillion spent by three governments on electricity supply amounts to a failure to ensure that energy services/electricity services are progressively made available, on the basis of equality and non-discrimination, to the whole population, including those most disadvantaged, such as the fringe dwellers and the rural poor.”

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The comments come barely 24 hours after the President queried past governments over alleged fraudulent practices which he says were responsible for some of the challenges the nation faces today.

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