$16b Power Project: Refer Obasanjo to EFCC, ICPC so Probe can be Initiated – SERAP to Buhari


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In a statement issued Wednesday, the Socio-Economic Rights and Accountability Project, (SERAP) has urged President Muhammadu Buhari to refer ex-President Olusegun Obasanjo  to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for probe.

This comes following a statement by President Buhari in Aso-Rock on Tuesday, where Mr President said. one of the former Heads of State between that time was bragging that he spent more than 15 billion American dollars, on power. “Where is the power? Where is the power? And now we have to pay the debts.”

In the statement by Adetokunbo Mumuni, SERAP executive director, the organisation said while Buhari’s revelation was a welcome development, he should 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,” the statement read.

“This is the only way to conclusively address the systemic corruption in the power sector and an entrenched culture of impunity of perpetrators.”

The organisation added that addressing impunity in the power sector should be “total” to help improve public confidence and trust in their government.

“It would also serve as a vehicle to further the public’s perception of fairness and thoroughness, and to avert any appearance of political considerations in the whole exercise,”



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