News

SERAP Sues NNPC Over Failure To Account For Nigeria’s Daily Oil Production, Revenues

Published

2 years ago

December 24, 2023

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to disclose details of Nigeria’s daily oil production, exportation and the total amounts of revenues generated from oil since the removal of subsidy on petrol in May 2023.”

This was made known in a statement issued by the SERAP Deputy Director, Kolawole Oluwadare, on Sunday.

Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, had recently alleged that “the NNPCL is failing to remit enough foreign exchange into the treasury despite the removal of fuel subsidy,” asking: “Where is the money?”.

In the suit number FHC/ABJ/CS/1719/2023 filed last Friday at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel the NNPC to disclose details of barrels of oil Nigeria produces and exports daily and the total amounts of revenues generated since the removal of subsidy on petrol.”

SERAP is seeking: “an order of mandamus to compel the NNPC to disclose how much of the revenues generated from the production and exportation of oil have been remitted to the public treasury since the removal of subsidy on petrol.”

SERAP is also seeking: “an order of mandamus to direct and compel the NNPC to disclose details of payment of 11 Trillion Naira made as subsidy payments from 1999 to May 2023, including a detailed breakdown of the payments made.”

In the suit, SERAP is arguing that: “There is a legitimate public interest in disclosing the information sought. The NNPC has a legal responsibility to disclose the details of Nigeria’s daily oil production, exportation and the revenues generated and remitted.”

SERAP is also arguing that, “Nigerians have the right to know the amounts of barrels of oil the country produces and exports daily, the revenues generated and remitted to the public treasury.” Compelling the NNPC to disclose these details would promote transparency and accountability in the oil sector.”

According to SERAP, “The failure by the NNPC to disclose the information sought is a grave violation of the provisions of the Nigerian Constitution 1999 [as amended], the Freedom of Information Act, and the country’s obligations under the African Charter on Human and Peoples’ Rights.”

SERAP is arguing that, “Transparency would ensure that the revenues generated from Nigeria’s daily oil production and exportation are not diverted into private pockets, and increase public confidence that the revenues would be used to benefit Nigerians.”

The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare and Andrew Nwankwo, read in part: “Nigeria’s daily oil production, exportation and the revenues generated have been mostly shrouded in secrecy.”

“Disclosing the amounts of barrels of oil the country produces and exports daily, the revenues generated and remitted to the public treasury would also ensure that the NNPC operates within the law.”

“Transparency and accountability in the amounts of barrels of oil the country produces and exports daily, the revenues generated and remitted to the public treasury would improve the enjoyment by Nigerians of their right to natural wealth and resources.”

“The public interest in publishing the information sought outweighs any considerations to withhold the information.”

“Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the culture of impunity of perpetrators.”

“Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the government to meet its human rights and anti-corruption obligations.”

“Section 15(5) of the Nigerian Constitution 1999 (as amended) requires public institutions and officials to abolish all corrupt practices and abuse of power. Section 16(2) of the Nigerian Constitution further provides that, ‘the material resources of the nation are harnessed and distributed to serve the common good.’”

“Section 13 of the Nigerian Constitution 1999 imposes clear responsibility on the NNPCL to conform to, observe and apply the provisions of Chapter 2 of the constitution.”

“Nigeria has made legally binding commitments under the UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to ensure transparency and accountability in the management of public resources.”

“Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the NNPCL to ensure proper management of public affairs and public funds. These commitments ought to be fully upheld and respected.”

“Nigerians are entitled to the right to receive information without any interference or distortion, and the enjoyment of this right should be based on the principle of maximum disclosure, and a presumption that all information is accessible subject only to a narrow system of exceptions.”

“By Section 1 (1) of the Freedom of Information (FoI) Act 2011, SERAP is entitled as of right to request for or gain access to information, including information on the details of barrels of oil Nigeria produces and exports every day and the total amounts of revenues generated and remitted to the public treasury.”

“The Freedom of Information Act, Section 39 of the Nigerian Constitution, and article 9 of the African Charter on Human and Peoples’ Rights guarantee to everyone the right to information, including the details of Nigeria’s daily oil production, exportation and the total amounts of revenues generated and remitted to the public treasury.”

“By the combined reading of the provisions of the Nigerian Constitution, the Freedom of Information Act and the African Charter on Human and Peoples’ Rights, there are transparency obligations imposed on the NNPCL to publish the details sought.”

“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their public institutions’ activities.”

“The NNPCL has failed to disclose the amounts of barrels of oil the country produces and exports. The NNPCL has also reportedly failed to publish details of revenues generated from the production and exportation of oil and the amounts of revenues remitted to the public treasury as required by Nigerian laws.”

“According to the former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, ‘It is only the NNPCL that can give the figures about how much oil we produce daily, how much we sell, and where the money is going. We are no longer paying subsidies so where are the dollars? Where is the money?’”

“The NNPCL has a legal responsibility to promote transparency and accountability in the country’s daily oil production, exportation and the revenues generated and remitted to the public treasury. The NNPLC also has a legal responsibility to disclose details of payment of N11 trillion subsidy.”

No date has been fixed for the hearing of the suit.

News

‘EFCC Collected N10m Before They Released Me’ – Oladips Alleges [VIDEO]

Published

3 minutes ago

October 31, 2025

Editor

Popular Nigerian singer, Oladips has accused the Economic and Financial Crimes Commission, EFCC, of collecting N10 million from him.

The rapper made this known nearly a year after he was arrested by EFCC during a midnight raid in his estate.

Oladips was arrested with some of his neighbors for alleged fraud in November 2024.

He was released after spending five days in detention.

Speaking about his experience with the EFCC, Oladips in his latest interview on Trending podcast, stated that nothing was found on him after the EFCC investigations.

While revealing that the EFCC collected N10 million from him before his release, he lamented that “Nigeria just happened to me”.

“It’s just one smelling place like that. They just packed us there like sardines and they gave us nonsense food. Funny enough it was Zlatan that was sending me food. Zlatan is not even a friend, that’s my blood.

“He was sending someone to buy good food for me because the food there is bad. They just packed us there like sardines. I’m not even supposed to be there first of all. Like, why did I spend four to five days there when you people (EFCC) didn’t find anything on me, not even a single thing. And they still collect N10 million from me before they released me.”

When asked “Is it a thing you can take up against the EFCC later, or you will just allow the sleeping dog lie?”, the singer responded “Who is my father?”

“Who is my father now? At the end of the day, who is my father? It’s just me and my truth. It’s not something I will want to. I don’t just know how the system works. I for dey their page now if to say I dey do Yahoo. They didn’t find anything on me. If they are watching this, they know that I’m saying the truth.

“They collected money from me before they released me. They didn’t find anything on me. So, what was the money for? What was all that stress and suffering for? It’s just Nigeria. Nigeria just happened to me,” he said.

https://x.com/i/status/1983504280972615813

News

Bank MD Jailed Five Years For N32m Fraud

Published

1 hour ago

October 31, 2025

Editor

The Economic and Financial Crimes Commission has secured a five-year conviction of a former Managing Director of Bonghe Micro Finance Bank, Grace Karka, for her role in a N32m fraud, with an option of fine.

The PUNCH learnt in a statement by the EFCC on Thursday that the agency received a petition from the bank alleging that the defendant transferred N32m while she was the bank’s MD to an unknown account.

The statement noted that the petitioner said the fraudulent act was discovered during an audit of the bank’s account domiciled with a commercial bank.

She was subsequently arraigned before Justice Benjamin Lawan Manji of the Adamawa State High Court on counts of criminal conspiracy and cheating.

One of the charges read: “That you, Grace Andreas Karka and Prince Moses Batalu, between August 2020 and March 2021 in Yola, Adamawa State, within the jurisdiction of this honourable court, did agree amongst yourselves to do an illegal act, to wit theft of N66,792,960.00 from Bonghe Micro Finance Bank Nigeria Limited (account number 2013668857 domiciled with First Bank Nigeria Limited) by dishonestly moving the said sum without necessary approval, contrary to Section 61(2) of the Adamawa State Penal Code Law 2018.”

According to the statement, the defendant was arraigned in November 2024, but she pleaded not guilty, which led to a full trial.

The EFCC said during the trial, the prosecutor presented witnesses and tendered several documents, while the defendant presented three witnesses.

Following the trial, the judge found the defendant guilty and sentenced her to five years’ imprisonment.

“Justice Manji, on October 17, 2025, while delivering judgment, said the prosecution proved the case beyond a reasonable doubt and convicted the defendant accordingly on counts one and two.

“The judge also sentenced Karka to five years’ imprisonment with an option of N3m each on counts one and two. The sentence is to run concurrently.

“In addition, the court ordered the convict to restitute the balance of N29,877,040 to the petitioner,” the statement added.

This is not the first time a former bank MD has been jailed for fraud.

News

Edo Lauds Germany On Partnership To Boost Creative Community

Published

2 hours ago

October 31, 2025

Editor

The Edo state government has commended Germany’s Filmakademie on its partnership to boost the state’s creative community.

The government noted that the plan by the German outfit to use Edo artefacts as basis for harnessing potentials would no doubt impact positively on the state’s creative sector.

The state’s deputy governor, Hon. Dennis Idahosa said this when he hosted the German Filmakademie, Ludwigsburg in Benin on Friday.

In a press statement by his Chief Press Secretary, Mr Friday Aghedo, the deputy governor, who commended Filmakademie for choosing to partner with the state, said that the collaboration will open channel for the training of filmmakers in the state.

The Filmakademie team led by the Director, Entertainment and Creative Economy, Edo Creative Hub, Amb. Solomon Okosun, said that the partnership aligned with policy direction of Governor Monday Okpebholo on creative industry.

Idahosa announced, “Senator Okpebholo is a fantastic and people oriented Governor; a visionary leader that believes in the gifts and potentials of Edo people.

“Exposure to documentary filmmaking and observance of international filmmaking standards through the interface of Edo State trainees with counterparts/students from the German Filmakademie would boost further film production and content creation.

“This will be based on present training of participants on the rudiments of cinematography, film production, film editing, and directing.

“The exposure will enable them gain invaluable skills at story telling and weaving beautiful stories which showcase the rich arts and cultural heritage of Edo State and its people,” he explained.

Idahosa commended the efforts of the two finalists who would make it through to the German Filmakademie after a rigorous three weeks training/workshop, Idahosa urged

“such participants should hone their skills, influence their peers, and push the content and quality of Edo state filmmakers to international standards,” he said.

Idahosa nonetheless appreciated the Director, Edo Creative Hub for collaborating with the foreign film academy, which has helped to expose talented youths from the three senatorial zones.

He advised the beneficiaries to take the training seriously.

According to him, “I expect and encourage participants who have benefitted from this programme to take it very seriously.

“This is because, if the opportunity is given and two of you decide to go to Germany to learn this high profile skills in the movie industry, you will not just keep those opportunities for yourself, you will come back and affect your brothers and sisters, you left behind, thereby, giving more opportunities to our people.

“Our dream is to have a lot of people, God has given potentials to, in the entertainment industry.”

He assured of government’s support to the state’s entertainment industry through the German Filmakademie, in order to help grow the industry in the state.

He told his visitors that the state is safe and prepared to welcome investors from any part of the world.

On his part, the director, Edo Creative Hub stated that as one of its collaborators, the German Filmakademie came into Edo state to prepare trainees for the AFFRIFF/Nollywood Film Workshop.

He said the best two persons that emege from the participants after the workshop would be sponsored to Germany for further studies.

He said, “After a three weeks stay in Benin, trainees would head to Lagos State for the AFRIFF Film Festival haven learnt how to shoot documentaries, training on how to use the high end “ARRI ALEXA 35″ cinematography camera.”

Project Manager, Nollywood Workshop, 2025, from the Filmakademie, Ludwigsburg, Germany, Abel Alechenu, an alumnus of the Filmakademie said over the past two years, indigenes of Edo State have come to the Filmakademie to study under the four months programme and then, came back home to pass on the knowledge to others.

He said, “This year, the Filmakademie chose to promote the rich cultural heritage of the Benin people.

“We have been to the National Museum, and to Igun Street, to know the process and see the artefacts and those who created them. It is really a connecting point for both of us.”