SERAP Sues Adebayo Adelabu, NBET Over ‘Missing ₦128bn In Power Ministry’

The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Minister of Power, Adebayo Adelabu, and the Nigerian Bulk Electricity Trading Plc (NBET).

SERAP filed a lawsuit against Adelabu and NBET over their alleged failure to explain what happened to ₦128 billion in public funds linked to the power sector.

SERAP made this known in a statement released on Sunday by its Deputy Director, Kolawole Oluwadare.

He said corruption remains a major reason Nigeria continues to experience power failures, pointing to the recent national grid collapse earlier this year that left many parts of the country without electricity.

According to SERAP, the allegations are documented in the Auditor-General’s annual report published on September 9, 2025.

The group said the report raised serious concerns about how funds meant for the power sector were handled.

The case, filed last Friday at the Federal High Court in Abuja, is marked FHC/ABJ/CS/143/2026.

The group is seeking “an order of mandamus to direct and compel Mr Adelabu and NBET to account for the missing or diverted ₦128 billion from the ministry of power and NBET.”

According to the statement, SERAP wants “an order of mandamus to direct and compel Mr Adelabu and NBET to disclose the full names, official designations, and offices of all public officers who authorized, approved, or otherwise participated in the release of the missing or diverted ₦128 billion in the ministry of power and NBET.”

“Nigerians continue to pay the price for the widespread and grand corruption in the power sector. There is a legitimate public interest in ensuring justice and accountability for these grave allegations,” the statement read.

“Granting the reliefs sought would contribute to tackling corruption in the power sector and addressing the persistent breakdown of transmission lines in the country, as well as improving access of Nigerians to regular and uninterrupted electricity supply.”

SERAP is arguing that, “granting the reliefs sought would also strike a blow against the impunity of those responsible for the missing or diverted public money meant to provide Nigerians with access to regular and uninterrupted electricity supply.”

“Ordinary Nigerians continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.

“These grim allegations by the Auditor-General suggest a grave violation of the public trust, the Nigerian Constitution 1999 [as amended] and international anticorruption standards.

“According to the recently published 2022 audited report by the Auditor-General of the Federation, the Federal Ministry of Power failed to account for over N4.4 billion [N4,404,647,938.53] ‘transferred to Mambilla, Zungeru and Kashimbilla project accounts by the Ministry.’

“There was ‘no evidence of how the funds were expended.’ The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.

“The Ministry also paid over N95 billion [N95,415,183,701.83] to ‘some contractors for various projects.’ But ‘there was no document on the payments, and no evidence that the projects existed and were executed.’

“The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered,” the statement read.

KanyiDaily recalls that Primate Elijah Ayodele recently denied trying to extort N150 million from Adebayo Adelabu.