The Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to initiate a probe against former President Olusegun Obasanjo for allegedly mismanaging $16 billion meant for power projects in the country. SERAP asked the president to refer the allegation to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to be investigated and prosecuted, if found wanting. On Tuesday, May 22, 2018 President Buhari accused former President Obasanjo of mismanaging $16 billion electricity funds while serving as president between 1999 and 2007, a claim the former president denied.

According to SERAP, the president should also ask the EFCC and ICPC to probe the “squandering of over 11 trillion naira meant to provide regular electricity supply covering the governments of former presidents”. In a statement issued on Wednesday, May 23, 2018 by Adetokunbo Mumuni, SERAP executive director, the organisation said while President Buhari’s revelation was a welcome development, he should expand his searchlight beyond the Obasanjo government “by ensuring accountability and full recovery of the over 11 trillion naira squandered by the three administrations”. “It is only by pursuing all the allegations and taking the evidence before the court that the truth will be revealed and justice best served”.

“This is the only way to conclusively address the systemic corruption in the power sector and an entrenched culture of impunity of perpetrators”. SERAP stated that addressing impunity in the power sector should be “total” to help improve 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”.

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