SERAP Accuses NBET of Unaccounted $69 Million for Electricity Supply to Benin
A report from the Auditor General of the Federation revealed that NBET had collected over $69,384,699.20 for electricity supply to two firms in Benin Republic, yet failed to provide a transparent account of the funds.
The report also uncovered alarming discrepancies within the National Emergency Management Agency (NEMA). It disclosed that NEMA had disbursed over N1 billion for the purchase of a new aircraft since 2010, which remains undelivered to date. Furthermore, NEMA reportedly spent over N746 million to procure 26,106 bags of 50kg rice in 2017 and 2018, but these items were left undistributed until their expiration, rendering them unfit for human consumption.
Expressing its concerns, SERAP took to its social media platform, stating, “The Nigerian Bulk Electricity Trading Company reportedly collected over $69 million [$69,384,699.20] for the supply of electricity to two firms that are based in Benin Republic, but failed to account for the money. The Auditor-General demands recovery of the funds.”
Highlighting the mismanagement of relief materials by NEMA, SERAP added, “NEMA, Abuja reportedly paid over N746 million [N746,785,568.70] for 26,106 bags of 50kg rice in 2017 and 2018 but failed to distribute the items until they expired. The Auditor-General demands a refund.”
Related Posts
Additionally, SERAP pointed out that NEMA disbursed over N113 million [N113,676,385.25] for food items and relief materials that were left undistributed until they became unsuitable for human consumption.
SERAP’s call for transparency and accountability underscores the necessity for public funds to be utilized effectively and ethically, particularly in critical sectors like electricity supply and disaster relief.
