Reporting by **Daily Post** indicates that the Socio-Economic Rights and Accountability Project (SERAP) has formally petitioned President Bola Tinubu to probe the alleged disappearance of ₦2.9 billion from the Nigerian Communications Satellite Ltd (NIGCOMSAT) and the Nigerian Nuclear Regulatory Authority (NNRA). The missing funds, which were highlighted in the latest Auditor-General’s report, involve unauthorized investments and unaccounted-for allocations within these high-tech federal agencies.
SERAP’s deputy director, Kolawole Oluwadare, emphasized that accountability in these specific institutions is vital because of their roles in Nigeria’s digital economy and national safety. The group is also demanding that the government reveal the beneficial owners of the private company that allegedly received ₦465 million in “unauthorized investments” from NIGCOMSAT.
**Vanguard** noted that “mismanagement in these agencies threatens national development,” while **The Guardian** quoted the petition stating, “these allegations represent a grave violation of the public trust and a fundamental breach of anti-corruption laws.”
Echotitbits take: This probe puts Minister Bosun Tijani’s ministry under the spotlight. With Nigeria pushing for a digital-first economy, the integrity of NIGCOMSAT is paramount; any perception of “missing billions” could spook international tech partners and investors.
Source: The Punch – https://punchng.com/serap-urges-tinubu-to-probe-missing-%E2%82%A62-9bn-in-nigcomsat-nnra/, April 12, 2026
Photo credit: The Punch
