SERAP sues Buhari for the “missing N11 trillion electrical fund” as “Grid Collapse.” – TrendyNewsReporters
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SERAP sues Buhari for the “missing N11 trillion electrical fund” as “Grid Collapse.”

by Ebor Cletus Ralph Jr

President Muhammadu Buhari is being sued by the Socio-Economic Rights and Accountability Project (SERAP) for failing to look into claims that more than N11 trillion intended to provide continuous energy supply since 1999 may have been lost, mishandled, or diverted into personal accounts.

As the energy infrastructure apparently failed at least three times in five months and 130 times in seven years, the nation has frequently been left in the dark.

Unreliable electricity supply costs Nigerian firms roughly $29 billion annually, according to a World Bank research.

As a respondent in the case, SERAP joined Abubakar Malami, SAN, Attorney General of the Federation and Minister of Justice.

Kolawole Oluwadare and Ms. Adelanke Aremo, the attorneys for SERAP, filed the lawsuit on behalf of the organisation, which stated in part: “Nigeria has made legally enforceable commitments under the UN Convention against Corruption to promote accountability in the administration of public resources. These responsibilities must be thoroughly upheld and honoured.

“Corruption in the electricity sector has also continued to disproportionately affect the most disadvantaged and vulnerable sectors of the population who cannot readily afford expensive generators in order to have a reliable power supply.

“The failure of successive governments and high-ranking government officials to prevent corruption in the electricity sector and to bring suspected perpetrators to justice is the primary cause of the persistent crisis in the electricity sector, including the exploitation of electricity consumers, and collapse of the electricity grid.

“The African Commission on Human and Peoples’ Rights has adjudged the failure of the States to provide basic services such as electricity as violating the right to health.

“Citizens are frustrated at persistent allegations of corruption in the sector, and the impacts on their human rights. Prosecuting perpetrators would address the grave travesty that has for many years occurred in the power sector.

“Impunity for corruption in the electricity sector has for many years forced ordinary Nigerians to stay in darkness, but still made to pay crazy electricity bills.

“Successive governments have failed to increase power generation and provide Nigerians with regular and uninterrupted electricity supply, with many electricity contracts shrouded in secrecy, and trillions of Naira going down the drain.

“Impunity for corruption in the electricity sector will continue as long as high-ranking public officials go largely unpunished for their alleged crimes.

“The Buhari administration has legal obligations under Section 15(5) of the Nigerian Constitution to abolish all corrupt practices and abuse of power, and article 26 of the UN Convention against Corruption to ensure effective prosecution of allegations of corruption.

“Alleged corruption and mismanagement in the electricity sector and the repeated collapse of the electricity grid have continued to deprive Nigerians of economic opportunities, subjecting them to cruel and degrading treatment.

“Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’

“The failure by successive governments to tell Nigerians the truth about allegations of corruption in the power sector amounts to a failure to ensure that electricity services are progressively made available, on the basis of equality and non-discrimination.

“The details of the missing N11 trillion electricity funds are contained in a SERAP report titled: From Darkness to Darkness: How Nigerians are paying the Price for Corruption in the Electricity Sector.

“According to the report, the total estimated financial loss to Nigeria from corruption in the electricity sector starting from the return to democracy in 1999 to date is over N11 trillion. This represents public funds, private equity and social investment (or divestments) in the power sector.

“According to the report, the total estimated financial loss to Nigeria from corruption in the electricity sector starting from the return to democracy in 1999 to date is over N11 trillion. This represents public funds, private equity and social investment (or divestments) in the power sector.

“It is estimated that the loss may reach over N20 trillion in the next decade given the rate of Government investment and funding in the power sector amidst dwindling fortune and recurrent revenue shortfalls.”

No date has been fixed for the hearing of the suit.

prelliotaglobalconcept

TV Presenter/ Content Writer

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