Derivation Refunds: SERAP Sues Wike, Others Over N625 Billion’

0
312

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the oil producing states in Nigeria over “their failure to account for the spending of the oil derivation refunds of N625 billion recently paid to them by the Federal Government, including details and locations of projects executed with the money.”

The Federal Government recently paid N625.43 billion oil derivation refunds to the governors of Abia, Akwa Ibom, Bayelsa, Delta, Edo, Rivers, Ondo, Imo and Cross River states. The payments covered 13 per cent oil derivation, subsidy, and SURE-P refunds. The refunds date from 1999 to 2021.

In the suit filed at the Federal High Court, Abuja, SERAP ask the court to “direct and compel the governors to disclose and widely publish the details of spending of the oil derivation refunds, subsidy, and SURE-P refunds.”

SERAP is also asking the court to “compel President Muhammadu Buhari to direct anti-corruption agencies to thoroughly investigate the spending of the public funds collected by the governors, and where appropriate, ensure the prosecution of suspected perpetrators of corruption, and the recovery of proceeds of corruption.”