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Probe Missing 149m Barrels Of Crude Oil In 2019 Or Face Legal Action, SERAP Tells Buhari

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim allegations that over 149 million barrels of crude oil are missing, as documented in the 2019 audited reports by the Auditor General of the Federation and Nigeria Extractive Industries Transparency Initiative (NEITI).”
SERAP also urged him to “ensure the effective prosecution of anyone suspected to be responsible for the plundering of the country’s oil wealth and the full recovery of any proceeds of crime.”
According to the 2019 audited report by the Auditor General over 107 million barrels of crude oil were lifted as domestic crude without any document or tracing. NEITI also reported missing 42.25 million barrels of crude oil in 2019.
In the letter dated 22 April 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these very serious allegations.”
SERAP said, “the recommended steps can be taken between now and the end of your term of office to set the tone for the next administration.”
READ ALSO: SERAP Sues Buhari Over Failure To ‘Reverse Unlawful Electricity Tariff Hike’
The letter, read in part: “SERAP notes that you have repeatedly promised to combat corruption. As you go into the final weeks of your term of office, the missing crude oil allegations present yet another opportunity to demonstrate your commitment and to uphold your oath of office both as President and Minister of Petroleum Resources.”
“As the President and substantive Minister of Petroleum Resources, you and your government should prioritise getting to the bottom of these allegations and use the remainder of your term of office to ensure justice and accountability for these serious crimes against the Nigerian people.”
“Investigating the allegations and naming and shaming and prosecuting those suspected to be responsible for the missing crude oil would serve the public interest and end the impunity of perpetrators.”
“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.”
“The allegations by both the Auditor-General and NEITI are different from a whistleblower’s claims that 48 million barrels of Bonny Light crude oil allegedly sold in China in 2015 are missing or unaccounted for.”
READ ALSO: Trust TV: SERAP Drags Buhari To Court Over N5m Fine
“The reports by the Auditor-General and NEITI suggest a grave violation of the Nigerian Constitution 1999 [as amended], and the country’s anticorruption laws and international obligations, as well as the public trust.”
“These damning revelations also suggest your government is failing to prevent and combat the plundering of Nigeria’s wealth and natural resources, name and bring suspected perpetrators to account and recover any proceeds of crime.”
“Poor and socio-economically vulnerable Nigerians have continued to pay the price for the stealing of the country’s oil wealth apparently by both state and non-state actors.”
“The country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and for the sake of the present and future generations.”
“These allegations can promptly be investigated and suspected perpetrators named and shamed. Taking these steps would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition and improve public confidence in the fight against corruption, and related crimes, especially in the oil sector.”
READ ALSO: Missing N4b: SERAP Drags Lawan, Gbajabiamila To Court Over Failure To Institute Probe
“According to the 2019 audited report by the Auditor General of the Federation (AGF), some 107,239,436.00 barrels of crude oil were lifted as domestic crude without any document or tracing.”
“To date, there is no information on the sale of Un-Utilized Crude oil by Refineries for 2019 and no information on crude oil allocations from 30th May to 31st December 2019. The Auditor-General is concerned that the missing crude oil may have been diverted.”
“The Nigeria Extractive Industries Transparency Initiative (NEITI) also reported missing 42.25 million barrels of crude oil in 2019.”
“Section 13 of the Nigerian Constitution imposes clear responsibility on your government to conform to, observe and apply the provisions of Chapter 2 of the Constitution. Section 15(5) imposes the responsibility on your government to ‘abolish all corrupt practices and abuse of power.”
“Under Section 16(1) of the Constitution, your government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’ Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”
READ ALSO: SERAP Drags Buhari To Court Over Plan To Borrow N2 Trillion
“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate the plundering of the country’s wealth and natural resources and hold public officials and non-state actors to account for any violations.”
“Specifically, article 26 of the UN convention requires your government to ensure ‘effective, proportionate and dissuasive sanctions’ including criminal and non-criminal sanctions, in cases of grand corruption.”
“Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.”
“The proposed panel should be headed by a retired justice of the Supreme Court or Court of Appeal, and its members should include people with proven professional record, and of the highest integrity that can act impartially, independently, and transparently.”
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FG Trains Students On Entrepreneurship Development In 100 Higher Institutions – Official
Mr Mohammed Baba, Asst. Director, Finance and Account, Federal Ministry of Finance, says the Federal Government, through the ministry has trained students on entrepreneurship development in not less than 100 higher institutions in the country.
He stated this on the sideline of training lectures for the students of the Federal Polytechnic, Bauchi on Friday, adding that the training was carried out under the Youth Enterprise With Innovation in Nigeria (YOUWIN) of the ministry.
Baba, who noted that the training was a project of President Bola Tinubu, said that the present administration saw the need to catch the ‘youth young’ so as to be self-sustained without relying on government employment.
“We have covered more than 100 tertiary institutions and with this initiative, the generation to come will be better.
READ ALSO: Plant Trees Alongside With School Construction, Bauchi SUBEB Tells Contractors
“They have to have entrepreneurship skills so as to be able to fall back and grow as entrepreneurs and become employers of labour in the event of not getting a white collar job.
“The plan A is to give theoretical knowledge which is what we are doing now and the plan B is to give the practical aspect where the funding will come in the form of a grant to the entrepreneurship department which will be shared to the most qualified entrepreneurs in schools,” he said.
He advised the students to make the best use of the grant when it finally arrived as they are being looked upon to become successful entrepreneurs and employers of labour to better the country’s economy.
Baba also urged them to approach the Bank of Industry for loans to make their entrepreneurship knowledge a reality even before the coming of the federal government’s grant.
READ ALSO:Bauchi Sacks Education Officer For Sexual Harassment, Promotes 83 Others
In her lecture, Mrs Deborah Tatimi, a facilitator, said that YOUWIN is to inspire, equip and make the students to embrace entrepreneurship as a viable career option by providing them with the mindset, skills and tools needed to build successful businesses.
This, she said, would reduce over dependence on government for jobs and help them in fostering a culture of self-reliance, innovation and employment.
Earlier, Alh. Kasim Salihu, the Registrar of the polytechnic, commended the federal government for selecting the school for the training and called on the students to listen attentively, saying that entrepreneurship is key to national development.
Salihu, who assured that the students of the school were well groomed on entrepreneurship development theoretically, called on the federal government to come up with grants to help them actualise and practicalise their skills.
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How Nigerian Man Hacked US Varsity, Stole $235,000 – Officials
A Nigerian living in the United Kingdom, Farouk Adekunle Adepoju, has been arrested by British authorities following a request from the United States government after he was indicted on charges of wire fraud and computer fraud.
According to US prosecutors, Adepoju hacked into the email system of a Pennsylvania construction company working for a university, then created fake accounts to impersonate staff and divert payment.
The US Department of Justice, in a statement on its website on Thursday, said Adepoju, who was arrested on September 15, 2025, is awaiting extradition to face a seven-count indictment in the Western District of Pennsylvania.
The indictment, unsealed on Thursday, alleged that between March and April 2023, Adepoju remotely accessed a protected computer belonging to the construction company.
READ ALSO:Lagos Skit Maker Hacked To Death By Suspected Cultists
He allegedly altered email rules, set up a spoofed domain, and used it to send fraudulent payment instructions to the university.
Relying on the emails, the university updated the construction firm’s payment details to a fraudulent account controlled by Adepoju, transferring about $235,266.
The funds have not been recovered.
Acting US attorney, Troy Rivetti, said, “Adepoju is charged with using sophisticated cyber means to illegally access accounts belonging to a business in order to victimize one of our region’s universities.
“Even from halfway across the world, however, Adepoju was not beyond the investigative reach of the Federal Bureau of Investigation. His arrest in the United Kingdom underscores our district’s unwavering commitment to aggressively locate and prosecute cybercriminals worldwide with the assistance of our law enforcement partners—both here and abroad.”
READ ALSO:Nigerian Jailed In US Over $6m Inheritance Fraud
FBI Pittsburgh Special Agent in Charge, Kevin Rojek, added, “Criminals who think they can reach across the globe into the United States to line their pockets at the expense of the American public need know one thing: the FBI and our partners are not going to let you get away with it.
“We will find you and bring you to justice, no matter where you might be. Email compromise schemes are not victimless crimes; they are one of the costliest threats large and small businesses, universities, and organizations face today.”
Adepoju faces six counts of wire fraud and one count of computer fraud.
READ ALSO:Police Arrest Islamic Cleric With Human Flesh In Oyo
Each wire fraud charge carries a maximum of 20 years in prison, while the computer fraud charge carries up to five years.
The FBI’s Pittsburgh Field Office led the investigation, while Assistant US Attorney Mark V. Gurzo is prosecuting the case with support from the Department of Justice’s Office of International Affairs.
Authorities stressed that an indictment is only an accusation, and Adepoju is presumed innocent until proven guilty
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JUST IN: Resident Doctors In Abuja Suspend Indefinite Strike
The Association of Resident Doctors of the Federal Capital Territory Administration has suspended the indefinite strike.
The President of ARD-FCTA, Dr George Ebong, disclosed this to DAILY POST on Friday.
He said its members are expected to resume work on Monday, 22nd September 2025, at 8 am.
He noted that the strike suspension comes after the intervention of the Nigerian Senate Committee on Federal Territory Area Councils & Ancillary Matters and respect for FCT Minister Nyesome Wike.
READ ALSO:Resident Doctors Suspend Warning Strike After Two Days, Resume Work Nationwide
However, Dr Ebong revealed that none of its demands had been met as of filing the report.
“The senate intervened. Even though none of our demands have been met yet, they assured us that they will talk to the minister. “We hope the minister will listen to us, because we respect him,” he stated.
Recall that ARD-FCTA began an indefinite strike on Monday over poor working conditions, remuneration and other demands.
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