SERAP Gives INEC 7 Days to Explain ‘Missing’ ₦126bn Electoral Funds
The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day ultimatum to the Independent National Electoral Commission (INEC) to account for more than ₦126 billion in electoral funds allegedly diverted, mismanaged or left unaccounted for.
SERAP said its demand was triggered by findings contained in reports of the Auditor-General for the Federation, which, according to the organisation, raised serious questions about the management of billions of naira released for electoral activities.
The organisation is demanding that INEC provide a detailed account of the funds identified in the audit findings, including how much was released, where the money was spent, the beneficiaries of the expenditure and whether the identified financial discrepancies have been investigated or recovered.
The demand places renewed scrutiny on the financial management of Nigeria’s electoral institution at a time when preparations for the 2027 general elections are intensifying.
₦126bn: Where Did the Money Go?
At the heart of SERAP’s demand is a fundamental accountability question: what happened to the billions of naira allocated to the electoral process?
The organisation wants INEC to publicly clarify the issues raised by the Auditor-General and explain what steps have been taken to address any irregularities identified in the audit reports.
SERAP also wants the commission to disclose relevant financial and procurement records where necessary, arguing that public funds allocated for elections must be subjected to the highest standards of transparency and accountability.
The allegations do not, in themselves, establish that INEC officials diverted the funds. However, the reported audit findings raise questions that the electoral commission is expected to answer.
Why It Matters Ahead of 2027
INEC is constitutionally responsible for organising Nigeria’s elections, making public confidence in its independence, competence and financial integrity particularly important.
With the 2027 elections approaching, questions surrounding the management of electoral funds could become a major issue for political parties, civil society organisations and Nigerian voters.
SERAP has therefore demanded answers within seven days and warned that failure to satisfactorily address the issues could lead to further accountability and legal action.
The development puts the spotlight firmly on INEC: Can the commission account for every naira identified in the Auditor-General’s findings?
INEC’s response to the allegations will be closely watched as Nigerians demand greater transparency from institutions entrusted with billions of naira to safeguard the country’s democratic process.
The Analyst Online Media will continue to track the financial trail and publish verified developments surrounding the allegations.
— The Analyst Online Media