There is an Airworthiness Directive from 1979 against those cigarette lighters:
https://drs.faa.gov/browse/ADFRAWD/doctypeDetails?modalOpened=true
From that AD:
To prevent an inflight electrical system failure, smoke in the cockpit, and/or fire in the wire bundle behind the instrument panel, accomplish the following:
A) Disconnect the wire, at the ammeter or at the electrical system bus as applicable, that connects the bus to the cigar lighter receptacle. (The wire is connected to either the bus side or equipment side of a circuit breaker or to the ammeter.) Following the disconnection of this wire either:
1) Reconnect the wire to the electrical bus by using an existing or newly installed circuit protection device that is properly rated to protect the wire gauge used for this circuit, or
2) Disconnect the wire from the lighter receptacle at the opposite end and remove it from the airplane, or
3) Protect the wire by insulating its disconnected end, fold this wire end back against the wire bundle in which it is routed and secure it to that bundle.
You need to get into the airplane's logs and find it. There should be some details as to how they accomplished it: a fuse, or disconnected altogether. There is a good chance the AD was never complied with (dangerous and illegal, since these things were known to start electrical fires, hence the AD), or some previous owner reconnected it.
From the service manual, older 150s shown here:
View attachment 143176
Note that some of them had a wire coming off the bus or some other unfused supply, with no fuse in the line until yo get to the cigarette lighter. That unfused section of line is a risk. The AD demands that the supply be the bus bar itself, with a suitable circuit protection device at that point.
Newer 150s:
View attachment 143177
Here they saved a buck or two by using the ammeter as a supply point. The fuse was a 9-amp fuse. Again, that supply point is now illegal and has been for 46 years.
Many airplanes ended up complying with the AD by getting the bus-connection thing and a fuse of maybe 5 amps, as the only thing the lighter socket was used for was to power a portable intercom or GPS or other such stuff. The fuse holder was often an inline holder right at the bus bar. The contacts in that holder and on the fuse get oxidized and stop conducting.