The Socio-Economic Rights and Accountability Project (SERAP) has urged President BOLA TINUBU to direct the Attorney General of the Federation and Minister of Justice Mr LATEEF FAGBEMI, SAN, and appropriate anti-corruption agencies to promptly probe allegations that over 26 billion naira of public funds are missing, diverted or stolen from the Petroleum Technology Development Fund (PTDF) and the Federal Ministry of Petroleum Resources in 2021.
SERAP said anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing public funds should be fully recovered and remitted to the treasury.
In the letter signed by SERAP deputy director KOLAWOLE OLUWADARE, the organisation said there is a legitimate public interest in ensuring justice and accountability for these grave allegations, as tackling corruption in the oil sector would go a long way in addressing the budget deficit and debt problems.