SERAP backs EFCC on probe of past governements


The Socio-Economic Rights and Accountability Project (SERAP) has applauded the reported probe of past governments by the Economic and Financial Crimes Commission (EFCC), beginning with the government of former President Olusegun Obasanjo’s $16 billion power project.

SERAP says the move will show that former heads of state and other high-ranking public officials are not immune from investigation and prosecution for allegations of corruption in the country.

Deputy Director of the organization Kolawole Oluwadare in a statement noted that the probe is timely, as Nigerians have for far too long been bearing the brunt of the grand corruption in the country’s electricity sector.

Oluwadare further advised the EFCC to also expand the probe to cover the alleged squandering of a total of N11 trillion in the power sector between 1999 and 2015, and the unresolved case of missing $12.4 billion oil windfall, allegedly spent between 1988 and 1993 under Ibrahim Babangida.

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