Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Ahmed Tinubu over what it called his failure to probe the allegations that $2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019.

The suit followed the allegations documented by the Auditor-General of the Federation in the 2016 and 2019 annual reports that the public funds were missing.

The suit was filed last Friday on behalf of SERAP by its lawyers, Kolawole Oluwadare, Ms. Adelanke Aremo, Ms. Valentina Adegoke, and Ayomide Johnson at the Federal High Court in Lagos.

SERAP is also seeking, among others, “an order of mandamus to compel President Tinubu to direct the anti-corruption agencies to promptly probe fuel subsidy payments made by governments since the return of democracy in 1999, name and shame and prosecute suspected perpetrators and recover any proceeds of crimes”.

The organisations is also praying for “an order of mandamus to direct and compel President Tinubu to use any recovered proceeds of crime as palliatives to address the (negative) impact of the subsidy removal on poor Nigerians, and to put in place mechanisms for transparency and accountability in the oil sector”.

No date has been fixed for hearing of the suit.