The Socio-Economic Rights and Accountability Project (SERAP) has urged Minister of Finance and Co-ordinating Minister of the Economy, Taiwo Oyedele, to immediately announce the identities of contractors and other entities that benefitted from payments under the National Public Security Communication System project in Abuja, also known as, the “$460 million Abuja CCTV Project”.
Via a statement, SERAP said: “we’ve urged Mr. Taiwo Oyedele, the Minister of Finance and Co-ordinating Minister of the Economy to immediately disclose the identities of all local contractors, subcontractors, consultants, vendors, and other entities that benefited from the payments under the National Public Security Communication System project in Abuja, commonly referred to as the $460 million Abuja CCTV Project.”
According to the non-profit Organization, in its response to SERAP, the Ministry of Finance said, “there is an absence of detailed subcontracting records identifying specific local companies that received funds”.
The Statement reads: “The Federal Ministry of Finance, in response to SERAP’s contempt proceedings, had recently disclosed that: “Records from the Ministry of Police Affairs indicate that while local subcontractors may have been engaged, there is an absence of detailed subcontracting records identifying specific local companies that received funds directly from the Chinese loan.””
The Ministry made the revelation via a letter “dated 15 May 2026 and signed by the Permanent Secretary, Federal Ministry of Finance, R. O. Omachi.”
Despite judgment being delivered in May, 2023, SERAP expressed concern that, the Ministry only made known some information after it started the contempt proceedings.
The Project said, the people of Nigeria are not aware of the exact names of the local contractors of the project, adding, this information which is disclosed ignites serious worries about “record keeping, transparency and accountability”.
The Statement reads: “We are concerned that although the judgment was delivered in May 2023, the Ministry only released some information after we commenced contempt proceedings and served a Notice to Show Cause in January 2026.
“Nigerians still do not know exactly the names of local contractors for the project. The absence of this information raises serious concerns about record keeping, transparency and accountability, and whether the project was implemented in a manner consistent with the public interest.””
It further reads: “On 15 May 2023, the Federal High Court ordered the Ministry of Finance to disclose the total amount paid under the $460 million Abuja CCTV loan, the identities of local and Chinese contractors who received the funds,
“the status of the project’s implementation, and details relating to the N1.5 billion reportedly paid for the Code of Conduct Bureau headquarters project.”
