Minister of Power Adebayo Adelabu Denies Allegations of Missing One Hundred and Twenty Eight Billion Naira in Response to SERAP

The Minister of Power Adebayo Adelabu has officially refuted claims regarding the alleged disappearance of 128 billion naira within the ministry. Responding to inquiries from the Socio Economic Rights and Accountability Project SERAP the Minister clarified that no such funds are missing under his administration and challenged the organization to verify its facts through official financial records.

The controversy arose following a report by SERAP which sought transparency regarding the allocation and expenditure of public funds meant for the improvement of Nigerias power infrastructure. Adelabu maintained that the ministry remains committed to accountability and that all financial transactions are processed in accordance with the public procurement act and national budgetary guidelines. High ranking keywords such as Adebayo Adelabu power sector news SERAP missing funds allegation and Nigeria electricity infrastructure updates are currently trending as the public monitors the transparency debate.

The Minister explained that the figures mentioned in the report were likely misunderstood or taken out of context regarding ongoing projects and operational costs. He emphasized that since assuming office his focus has been on stabilizing the national grid and ensuring that investments yield tangible results for Nigerian households and businesses. The Ministry of Power has expressed its readiness to cooperate with oversight bodies to ensure that public trust is maintained.

Civil society organizations continue to demand a line by line audit of the power sectors spending citing years of underperformance despite massive financial injections. However Adelabus firm denial suggests a move toward more defensive communications within the ministry as it faces mounting pressure to solve the nations energy crisis.

As the federal government continues its reform of the energy market the focus remains on whether these promised improvements will manifest in consistent electricity supply. For now the Minister insists that fiscal integrity remains a top priority for his team.