Nigeria public fund mismanagement and audit investigations

Investigations into Nigerian public fund management have expanded from specific social welfare discrepancies to widespread procurement and revenue irregularities across multiple sectors.

Initial calls for investigation, led by lawyer Femi Falana and the Socio-Economic Rights and Accountability Project (SERAP), focused on the National Social Investment Programme. These efforts targeted approximately N33.75 billion in missing cash transfers intended for millions of households, alongside N78.8 billion in reportedly diverted or irregularly spent funds.

Subsequent audit findings have identified further financial infractions across various government agencies. The National Agricultural Land Development Authority (NALDA) was found to have over ₦41.2 billion in infractions involving non-competitive contracts and unregistered vendors. In the energy sector, SERAP called for an investigation into ₦94.4 billion in unaccounted oil revenue. Additionally, the Hydrocarbon Pollution Remediation Project (HYPREP) faced scrutiny over ₦29.6 billion in expenditures, while the National Assembly was flagged for internal control breaches and unaccounted operational advances.