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Sh*ck ₦128 Billion Scandal: SERAP Sues Power Minister, NBET Over Missing Funds
The Socio-Economic Rights and Accountability Project (SERAP) has taken the Minister of Power, Adebayo Adelabu, and the Nigerian Bulk Electricity Trading Plc (NBET) to the Federal High Court in Abuja over the alleged mismanagement of ₦128 billion in public funds.....KINDLY READ THE FULL STORY HERE▶
The organization’s Deputy Director, Kolawole Oluwadare, revealed in a statement on Sunday that the suit was filed last Friday.
The case, filed as FHC/ABJ/CS/143/2026, stems from findings in the Auditor-General of the Federation’s 2022 audited report, released on September 9, 2025.
SERAP is seeking a court order compelling Adelabu and NBET to provide a full account of the disputed ₦128 billion, including details of expenditures, disbursement dates, the names of contractors or beneficiaries, and the officials responsible for authorizing or executing the transactions.
The group criticized the ongoing hardship Nigerians face due to frequent grid collapses and unreliable electricity supply, which they attribute to entrenched corruption in the power sector.
“Nigerians continue to bear the brunt of pervasive corruption in the electricity sector,” SERAP stated. “There is a clear public interest in ensuring justice and accountability in response to these serious allegations.”
SERAP argues that a court ruling in its favor would not only promote transparency but also help address systemic failures, including transmission breakdowns, ultimately improving access to reliable electricity.
“Ordinary Nigerians remain in darkness, paying exorbitant electricity bills, while corruption persists unchecked,” the group added.
The lawsuit, filed by SERAP’s legal team—Kolawole Oluwadare, Kehinde Oyewumi, and Andrew Nwankwo—cites the 1999 Constitution, the Freedom of Information Act, and international anti-corruption conventions ratified by Nigeria.
SERAP stressed that public institutions are legally obligated to uphold transparency, accountability, and fight corruption in governance.
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