SERAP Demands Probe into ₦78.8bn Cash Transfer Scandal

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Ministry of Humanitarian Affairs and Poverty Reduction, the National Cash Transfer Office (NCTO), and the National Social Safety Nets Coordinating Office (NASSCO) to account for over ₦78.8 billion in public funds reportedly diverted or unaccounted for. These allegations are documented in the 2024 Annual Report published by the Auditor-General of the Federation on 7 August 2026, covering periods from January to December 2023 and ending on 31 December 2024.

SERAP requested the publication of detailed records regarding ₦33.751 billion in cash transfers and urged investigations into ₦76.24 billion in questionable expenditures at NCTO and ₦2.55 billion at NASSCO. In a letter dated 5 September 2026, signed by SERAP deputy director Kolawole Oluwadare, the organization emphasized the need for accountability and the recovery of any misappropriated funds, threatening legal action if no response is received within seven days.