Pulse.ng logo

IBB SERAP asks FG to probe ex President over alleged missing $12.4b oil money

SERAP said the money was spent between 1988 and 1993 when IBB was at the helm of affairs.

  • Published:
Ibrahim Babangida play

Ibrahim Babangida

Join the "sabi" clique. Don't miss a thing, get the latest updates to fuel your conversation daily

By signing up , you agree to our Privacy Policy and European users agree to the data transfer policy

Thank You! You have successfully subscribed to receive pulse.ng daily newsletter.

The Socio-Economic Rights and Accountability Project (SERAP) has called on the Attorney General of the Federation (AGF), Abubakar Malami to probe former Head of State, Gen. Ibrahim Babangida.

SERAP said the former President has to answer questions regarding an alleged missing oil wind fall money amounting to $12.4b.

A letter written by SERAP’s Executive Director, Adetokunbo Mumuni, to the AGF on the issue reads “SERAP, has for many years, sought explanation and official release of the Pius Okigbo panel report, which the government voluntarily established. But successive administration blocked every chance to officially release the Okigbo Report with some even claiming that the report could not be found.

“SERAP’s request is entirely consistent with the established legal principle that in matters relating to crimes, including corruption, time does not run against the state.

“Reopening the case would also send a clear message that cases of high-level official corruption would not go unpunished no matter how long it takes and that suspected perpetrators would be held to account, no matter who is involved.

“SERAP also believes that reopening the unresolved case of missing $12.4bn oil windfall would serve as a litmus test for the administration of President Muhammadu Buhari often repeated commitments to transparency, accountability and the fight against corruption in the country.

“Full accountability for the missing public funds would contribute to ending impunity of high-ranking public officials for large-scale corruption and provide effective remedies to victims of corruption.”

Gen. Ibrahim Badamasi Babangida (IBB), who recently clocked 75 on Tuesday, August 16, 2016, said lawmakers in the National Assembly should work part-time.

President Buhari also sent IBB a congratulatory message, saluting the former Head of state for his commitment to oneness and indivisibility of the Federal Republic of Nigeria.

See Pulse Photo-News gallery below.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.