July 18, 2026
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SERAP: N11trn electricity fund was ‘squandered’ under Obasanjo, Yar’Adua, Jonathan

The Socio-Economic Rights and Accountability Project (SERAP) says N11 trillion electricity fund was squandered by the administrations of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan. The former presidents were in charge of the country between 1999 and 2015. In a report titled ‘From darkness to darkness: How Nigerians are paying the price