The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to investigate alleged financial irregularities involving NIGCOMSAT and the Nigerian Nuclear Regulatory Authority (NNRA), in what it describes as a SERAP probe funds request linked to about ₦2.9 billion in questioned expenditures.
The group made the appeal in a letter dated April 11, 2026, urging immediate action to clarify the status of the funds flagged in the Auditor-General’s report.
The SERAP probe funds request is based on findings contained in the Auditor-General of the Federation’s report covering multiple financial years. According to SERAP, the report raised concerns over transactions in key public institutions responsible for Nigeria’s communications satellite operations and nuclear regulatory oversight.
The organisation stated that the allegations involve potential diversion, irregular payments, and unaccounted expenditures, which it says may represent breaches of public trust and financial regulations. SERAP has consistently pursued similar accountability actions in previous audit-related cases involving federal agencies.
In its letter signed by Deputy Director Kolawole Oluwadare, SERAP asked President Tinubu to direct relevant ministries and anti-corruption bodies to investigate the matter. It also requested that management of both agencies explain the whereabouts of the funds identified in the Auditor-General’s report.
The organisation stated that “anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing or diverted public funds should be fully recovered and remitted to the treasury.”
SERAP further urged the government to compel disclosure of financial records, including details of investments and approvals linked to NIGCOMSAT and NNRA transactions. It also referenced concerns such as “unauthorised investment” and payments made without due process or supporting documentation as outlined in the audit findings.
The group specifically highlighted that NIGCOMSAT reportedly engaged in financial transactions involving hundreds of millions of naira without required approvals, while NNRA was said to have made payments for services and equipment without evidence of delivery or utilisation, according to audit observations.
SERAP added that it expects a response from the federal government within seven days, warning that failure to act may lead to legal proceedings to enforce compliance.
The SERAP probe funds request underscores ongoing scrutiny of public financial management in Nigeria, particularly within strategic agencies tied to national infrastructure and safety systems. The allegations, if substantiated through formal investigation, could reinforce calls for stronger audit compliance mechanisms and enforcement of procurement regulations.
The development also highlights the role of civil society organisations in triggering accountability processes within government institutions. It may further intensify policy discussions around transparency, oversight, and fiscal discipline in public sector operations.
