
The Socio-Economic Rights and Project SERAP has called on President Bola Tinubu to direct the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, to account for an alleged missing β¦2.9 billion in public funds from the Nigerian Communications Satellite Ltd NIGCOMSAT and the Nigerian Nuclear Regulatory Authority NNRA. SERAP also urged the President to instruct the Attorney General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, and anti-corruption agencies to investigate these funds. The organization's letter, dated April 11 and signed by Deputy Director Kolawole Oluwadare, further requested that NIGCOMSAT disclose the shareholders and beneficial owners of the company that received β¦465 million in 'unauthorised investment' from the agency. These allegations are detailed in the Auditor-General's annual report published on September 9, 2025. The report highlights NIGCOMSAT's failure to account for over β¦465 million invested in Gicell Wireless Ltd without proper approvals, and concerns that the money may have been diverted. Other irregularities cited for NIGCOMSAT include over β¦3 million in 'ineligible, irregular and wrong payments' to staff, unremitted revenue exceeding β¦507 million, unrecovered debts of over β¦1.6 billion, and unremitted taxes. For NNRA, the report notes over β¦4 million paid for undocumented staff training and over β¦16 million for ICT equipment without approval, raising fears of diversion or loss. SERAP emphasized the
This summary was AI-generated from a story originally published by Punch Nigeria.