SERAP asks INEC to account for N126.46bn funds
The Socio-Economic Rights and Accountability Project has given the Independent National Electoral Commission seven days to account for over N126.46bn in public funds allegedly diverted, lost, mismanaged or otherwise unaccounted for in the Auditor-General of the Federation’s 2023 audited report. SERAP made the demand in a letter dated September 12, 2026, signed by its Deputy Read More:…
SERAP requests INEC to explain missing N126.46bn in election funds
The Socio-Economic Rights and Accountability Project (SERAP) has demanded that the Independent National Electoral Commission (INEC) account for over N126.46bn in public funds allegedly mishandled during the 2022 elections. In a letter to INEC Chairman Prof Joash Amupitan, SERAP's Deputy Director, Kolawole Oluwadare, gave the commission seven days to respond.
The funds were earmarked for various election-related expenses such as ballot boxes, electoral devices, vehicles, accreditation devices, digital archiving and consultancy services. SERAP's concerns stem from the Auditor-General of the Federation's 2023 audit report, which revealed irregularities and potential financial misconduct.
SERAP calls for transparency and accountability, urging INEC to provide details on payments, beneficiaries, contracts, procurement processes, and the current status of the goods and services. The organization also demands that the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) investigate the alleged diversion, unlawful expenditure, and procurement violations found in the Auditor-General's report.
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