The Minister for Power, Adebayo Adelabu, has responded to allegations of missing public funds, stating that the issues predate his appointment. The Socio-Economic Rights and Accountability Project (SERAP) had called on President Bola Tinubu to direct an investigation into the alleged diversion of over ₦128 billion in public funds from the Ministry of Power and the Nigerian Bulk Electricity Trading Plc (NBET).
According to a statement issued by Adelabu’s Media Aide, Bolaji Tunji, the audit report upon which SERAP based its request relates strictly to the 2022 financial year, a period that predates the current administration and the appointment of the incumbent Minister. Adelabu was appointed in August 2023, and the issues raised in the referenced audit report pertain entirely to a period before his tenure.
The Ministry of Power has clarified that it has no objection to calls for investigation, but it is essential to note that the current administration is not implicated in the alleged diversion of funds. The Office of the Honourable Minister reaffirms its commitment to transparency and accountability and will cooperate fully with any legitimate process aimed at addressing legacy issues in the power sector.
The current Minister of Power is widely regarded for his strict adherence to due process, probity, transparency, and accountability, as demonstrated in his previous roles in both the public and private sectors. The Ministry remains focused on its mandate of delivering stable and reliable electricity to all Nigerians.
The call for investigation by SERAP was made to ensure that those responsible for the alleged diversion of funds are held accountable. The Nigerian government has been working to address corruption and ensure transparency in the management of public funds. The investigation into the alleged missing funds will help to determine the extent of the issue and those responsible.
The development is significant, as it highlights the need for accountability and transparency in the management of public funds in Nigeria. The outcome of the investigation will be closely watched, as it will help to build trust in the government’s efforts to tackle corruption and ensure that public funds are used for the benefit of all Nigerians.
