Tinubu Must Ask Whereabouts of Missing N2.9bn from NIGCOMSAT, NNRA—SERAP

By Adedapo Adesanya

President Bola Tinubu has been tasked to ensure that an alleged missing N2.9 billion of public funds from the Nigerian Communications Satellite Limited (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA) is accounted for.

In a statement on Sunday, the Socio-Economic Rights and Accountability Project (SERAP) said the President must ask the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, to explain what happened to the money, as the two agencies are under his supervision.

The group said the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN), should investigate the missing funds or any other diverted funds from the agencies documented in the previous annual reports by the Auditor-General.

According to the statement, the allegations were documented in the latest annual report published by the Auditor-General on September 9, 2025.

SERAP argued that these allegations, involving critical public institutions, represent a grave violation of the public trust and a fundamental breach of Nigeria’s anti-corruption laws and international obligations.

“We’ve urged President Bola Tinubu to direct @bosuntijani, Minister of Communications, Innovation and Digital Economy, and the Management of both the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA) to account for and explain the whereabouts of the alleged missing or diverted N2.9 billion of public funds from NIGCOMSAT and NNRA.

“We also urged him to direct Mr Lateef Fagbemi, SAN, the Attorney General of the Federation and Minister of Justice and anti-corruption agencies to investigate the alleged missing or diverted funds, and any other diverted public funds from the two agencies documented in previous annual reports by the Auditor-General,” the organisation said.

The rights group stressed that anyone found responsible should be prosecuted where sufficient admissible evidence exists, adding that any missing or diverted public funds must be fully recovered and returned to the treasury.

“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,” the statement added.

“Accountability in NIGCOMSAT and NNRA is critical given their strategic roles in Nigeria’s digital economy and national safety systems. Mismanagement in these agencies not only wastes scarce public resources but also threatens national development, technological progress, and public safety,” it concluded.