According to **The Punch**, the Socio-Economic Rights and Accountability Project (SERAP) has petitioned President Bola Tinubu to investigate the alleged disappearance of N2.9 billion from the accounts of a federal satellite agency. The group claims that the funds, meant for technological infrastructure, cannot be properly accounted for in the latest audit reports.
SERAP is seeking a thorough probe and the prosecution of any official found to have diverted the money. They argued that the “missing” funds are a betrayal of the administration’s anti-corruption stance and a major blow to the country’s efforts to modernize its space and communication technology.
**Daily Post** noted that “SERAP seeks probe into N2.9bn missing funds,” while **Vanguard** quoted the organization stating: “The public has a right to know how their resources are being managed in critical agencies.”
**Echotitbits take:** This is yet another test for the EFCC and the President’s anti-graft credibility. If this goes the way of previous “probes” that never reached a conclusion, it will further erode public trust in government accountability.
Source: The Punch – https://punchng.com/serap-urges-tinubu-to-probe-missing-%E2%82%A62-9bn-in-nigcomsat-nnra/?amp, and April 13, 2026
Photo credit: The Punch
