The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to order a probe into the alleged missing ₦2.9 billion in the Nigerian Communications Satellite Ltd and the Nigerian Nuclear Regulatory Authority.
In a letter dated April 11, 2026, and signed by its Deputy Director, Kolawole Oluwadare, SERAP asked the President to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, and the management of both agencies to explain the whereabouts of the funds.
It also called on the Attorney General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the allegations and recover any missing money.
SERAP said the claims are based on the Auditor-General’s report published on September 9, 2025. It described the findings as a breach of public trust and warned that both agencies play key roles in Nigeria’s digital system and national safety. The group said poor management of funds in these institutions could slow development and weaken public confidence.
According to the report, NIGCOMSAT could not account for ₦465 million used for an unauthorised investment made without approval or supporting documents.
The agency also made over ₦3 million in payments to staff without clear records and paid over ₦4.3 million in rent to the wrong agent, with no proof of refund.
The report added that NIGCOMSAT paid over ₦3.4 million for services without due process, failed to remit over ₦507 million in revenue, and could not account for over ₦6 million paid for items not supplied.
It also transferred over ₦84 million without clear justification and failed to recover debts of over ₦1.6 billion, some of which have remained unpaid for more than four years. In addition, over ₦64 million in taxes was not remitted.
The Auditor-General warned that many of these funds may have been diverted and should be recovered.
The report also raised concerns about NNRA. It said the agency paid over ₦4 million for training without proof it took place and spent over ₦16 million on ICT equipment without approval. NNRA also paid over ₦33 million for items that were not supplied and spent over ₦15 million on activities without documents.
Further findings showed that NNRA gave a ₦1.5 million cash advance without following due process, paid over ₦9 million for items not delivered, and failed to retire cash advances of over ₦6 million.
It also paid over ₦2 million for foreign training without proof of attendance and did not record over ₦1.9 million in revenue.
The Auditor-General warned that these funds may have been lost or diverted.
SERAP asked the government to act within seven days. It said anyone found responsible should face prosecution if there is enough evidence and that all missing funds should be recovered.
The group warned that failure to act could weaken Nigeria’s anti-corruption efforts and further reduce public trust, adding that Nigerians have the right to know how public funds are spent.