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SERAP To Buhari: Refer Corruption In Privatization Process To Efcc, Icpc

This next report says the Socio-Economic Rights and Accountability Project has sent an open letter to President MUHAMMADU BUHARI requesting him to revisit allegations of corruption in the privatization of public enterprises in Nigeria between 1999-2011.

The group in a statement on Sunday said President BUHARI should refer the corruption allegation to the anti-graft agencies, the EFCC and the ICPC for further investigation.

In the letter signed by its Executive Director, ADETOKUMBO MUMUNI, the organisation urged the president to reform the Bureau of Public Enterprise, to remove opportunities for corruption in privatisation process, and to instruct the EFCC and ICPC to ensure the recovery of proceeds of corruption.

The group claims that many cases of presidential directives/interference during the period under review (1999-2011) affected the process of core investor selection.

SERAP claims that a total sum of N301billion was realised as proceeds of privatisation from 1999 to 2011.

It also threatened to begin a legal proceeding to compel the government to act if President BUHARI does not take the requested action within 14 days of receipt of the letter.

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