SERAP urged him to direct Mr Lateef Fagbemi, SAN, the Legal professional Basic of the Federation and Minister of Justice, in addition to anti-corruption businesses, to analyze the alleged lacking or diverted funds, and every other diverted public funds from the 2 businesses documented in earlier annual experiences by the Auditor-Basic (AG).
SERAP additionally urged him to direct NIGCOMSAT to reveal the shareholders and useful house owners of the corporate which collected ₦465 million in ‘unauthorised funding’ from the company.
SERAP mentioned, “Anybody suspected to be accountable ought to face prosecution as applicable, if there’s enough admissible proof, and any lacking or diverted public funds needs to be totally recovered and remitted to the treasury.”
The grave allegations are documented within the newest annual report revealed by the AG on 9 September 2025.
Within the letter dated April 11, 2026, by SERAP Deputy Director, Kolawole Oluwadare, the organisation mentioned: “These allegations, involving important public establishments, symbolize a grave violation of the general public belief and a basic breach of Nigeria’s anti-corruption legal guidelines and worldwide obligations.
“Accountability in NIGCOMSAT and NNRA is important, given their strategic roles in Nigeria’s digital financial system and nationwide security methods. Mismanagement in these businesses not solely wastes scarce public assets but in addition threatens nationwide improvement, technological progress and public security.”
In line with SERAP, “Guaranteeing accountability is due to this fact important to defending each Nigeria’s current and its future.”
The letter learn partly: “These grave allegations counsel a systemic sample {of financial} mismanagement, opacity and corruption inside an company entrusted with advancing Nigeria’s digital and communications infrastructure.
“The allegations additionally increase critical questions on compliance with fundamental {financial} laws and procurement requirements in an company liable for nuclear security and public safety.
“Any official or company entrusted with public assets have to be held to the best requirements of transparency and accountability. Nigerians have a proper to know the way their cash is spent.
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“We’d be grateful if the beneficial measures are taken inside seven days of the receipt and/or publication of this letter. If now we have not heard from you by then, SERAP shall take into account applicable authorized motion to compel your authorities, NIGCOMSAT and NNRA to adjust to our request within the public curiosity.
“These allegations, if left unaddressed, will proceed to undermine public confidence in authorities establishments, weaken Nigeria’s anti-corruption framework and deprive residents of assets wanted for improvement.
“The Nigerian Communications Satellite tv for pc Ltd (NIGCOMSAT), Abuja, didn’t account for over ₦465 million [₦465,000,000.00], ‘being unauthorised funding in Gicell Wi-fi Ltd.’ NIGCOMSAT ‘paid the ₦465 million for 200,000 peculiar shares in Gicell Wi-fi Ltd.’
“Gicell Wi-fi ‘had an authorised share capital of 1 million peculiar shares of ₦1.00 every.’ The purported ‘strategic funding was made with out the approvals of the Minister of Science and Expertise and the Accountant-Basic of the Federation.’ NIGCOMSAT claimed that ‘the overall capitalisation of Gicell Wi-fi Ltd was US$500 million’, however with none supporting paperwork or due course of.
“There was additionally ‘no proof {that a} competent funding analyst carried out an appraisal.’ Additionally, ‘the funding Bargain revealed that the fee [consideration] was calculated based mostly on a forex alternate fee of ₦130.00 to US$1.00’, but ‘the corporate is a completely owned Nigerian entity.’ The Auditor-Basic fears ‘the cash [₦465 million] might have been diverted.’
“The Auditor-Basic famous that the above alleged diverted and misplaced public funds in NIGCOMSAT lined the interval from January 2021 to December 2021.
“The NNRA, Abuja, ‘paid over ₦4 million [₦4,350,400.00] for coaching of its officers in machine optimisation and safety, fundamental coaching for frontline officers between March and June 2021’, however ‘with none paperwork or proof that the coaching really occurred.’
“The NNRA additionally ‘failed to supply particulars such because the listing of members, attendance register, certificates of attendance, venue particulars and programme completion experiences.’ The Auditor-Basic fears ‘the cash might have been diverted.’
“NNRA ‘paid over ₦16 million [₦16,736,675.00] for ICT tools with none approval. There are dangers that the funds had been for gadgets not provided.’ The Auditor-Basic fears ‘the cash might have been misplaced,’ amongst others.
The AG due to this fact requested NNRA to account for the funds and supply proof that the transactions had been recorded within the cashbook for the interval underneath assessment, or face sanctions regarding failure to account for presidency income and gross misconduct.
The AG famous that the above alleged diverted and misplaced public funds in NNRA lined the interval from January 2022 to December 2022.