President Muhammadu Buhari

Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to “urgently refer the allegations of mismanagement of $16 billion power projects between 1999 and 2007 to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

The organization also urged Buhari to “refer to the EFCC and ICPC not just allegations regarding the $16 billion power projects but also the alleged squandering of over N11 trillion meant to provide regular electricity supply covering the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan.”

Buhari had on Tuesday accused Obasanjo of spending $16bn on power projects during his tenure as the President without corresponding power supply to Nigerians.

But responding, Obasanjo said the President’s allegation was rooted in ignorance, claiming he was already cleared of any wrongdoing concerning the power sector by the National Assembly, and referring Buhari to his autobiography, My Watch, which he said reproduced various reports on the matter.

But SERAP in a statement by its executive director Adetokunbo Mumuni said welcomed the focus on past leaders and urged Buhari to expand his searchlight beyond the Obasanjo government by ensuring accountability and full recovery of the over N11 trillion squandered by the three administrations.

“It is only by pursuing all the allegations and taking the evidence before the court that the truth will be revealed and justice best served. This is the only way to conclusively address the systemic corruption in the power sector and an entrenched culture of impunity of perpetrators,” he said.

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