Connect with us

News

SERAP Sues NNPCL Over Alleged Failure To Account For Missing N825bn, $2.5bn

Published

on

The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPCL) to the Federal High Court in Lagos over its alleged failure to provide an account for an estimated N825 billion naira and $2.5 billion in public funds. These funds were reportedly allocated for refinery rehabilitation and other oil-related revenues.

According to a statement issued by SERAP’s Deputy Director, Kolawole Oluwadare, on Sunday, the lawsuit (FHC/L/MISC/722/25), filed last Friday, is predicated on findings detailed in the 2021 audited report by the Auditor-General of the Federation, Adolphus Aghughu, which was made public on November 27, 2024.

The legal action also comes amidst renewed public skepticism regarding the state of Nigeria’s refineries. Just last week, Aliko Dangote, President of Dangote Group, openly expressed doubts that the NNPCL’s refineries would ever operate effectively again, despite an estimated $18 billion having already been spent on them over the years. This sentiment echoes previous concerns raised by former President Olusegun Obasanjo regarding the NNPC’s capacity to manage the refineries.

Advertisement

SERAP is seeking several court orders: Mandamus to compel the NNPCL to account for and explain the whereabouts of the missing N825 billion naira and $2.5 billion of public funds designated for refinery rehabilitation and repairs.

READ ALSO:SERAP Kicks As Bill To Jail Nigerians Who Don’t Vote Is Proposed

Mandamus to compel the NNPCL to recover and return these missing funds to the federation account.

Advertisement

Mandamus to compel the NNPCL to identify those responsible for the missing oil money, surcharge them for the full amount involved, and hand them over to appropriate anti-corruption agencies for investigation and prosecution.

In its suit, SERAP argued that the “grim allegations by the Auditor-General (and Mr Aliko Dangote) suggest a grave violation of the public trust and the provisions of the Nigerian Constitution, national anticorruption laws, and the country’s international human rights and anticorruption obligations.”

The organization contended that “granting the reliefs sought would strike a blow against the impunity of those responsible for the missing oil money meant to repair the country’s refineries and ensure that the money is returned for the sake of NNPCL’s victims—Nigerians.”

Advertisement

SERAP emphasised that these alleged financial irregularities have “undermined the economic development of the country, trapped the majority of Nigerians in poverty, and contributed to high levels of deficit spending by the government.”

READ ALSO:SERAP Drags Tinubu To Court Over Fubara, Deputy, Lawmakers’ Suspension

The lawsuit, filed by SERAP’s lawyers, Kolawole Oluwadare, Ms. Oluwakemi Oni, and Ms. Valentina Adegoke, further detailed the Auditor-General’s findings. These include — Over N82.95 billion ($82,951,595,510.47) “deducted from the sale of Crude Oil and Gas between 2020 and 2021” for “refinery rehabilitation and repairs” without proper authorization. The AGF “fears that the money may be missing” and recommends its recovery.

Advertisement

Over N343.64 billion ($343,642,598,726.51) “being proceeds from domestic crude sales,” unilaterally deducted for “pipelines maintenance and management costs.” The AGF “fears the money may have been diverted” and calls for its recovery and the prosecution of those involved.

Over N83.65 billion ($83,659,813,739.99) “being miscellaneous income from the NNPC joint venture operations from 2016 to 2020,” withdrawn from a “CBN/NNPC sinking fund account.” This practice, the AGF noted, “has led the Federation to resort to borrowings.”

Over N204.85 billion ($204,853,744,047.39) “being unjustified deductions from the oil royalties for 2021,” originally due to the Department of Petroleum Resources (now NUPRC). The AGF “fears the money may have been diverted.”

Advertisement

Over N3.74 billion ($3,748,581,281.27) “purportedly paid to a Company as a shortfall on sales of MT cargo of PMS,” which the AGF “fears the money may be missing.”

READ ALSO:‘It’s Patently Unlawful,’ SERAP Sues Akpabio Over Natasha’s Suspension

Over N28.65 billion ($28,654,179,867.00) “being outstanding bridging allowance from NNPC retail for 2021,” and over N13.55 billion ($13,555,965,814.91) “being outstanding bridging allowance claims from three major oil marketers in 2021.” The AGF is concerned this “may have resulted in difficulty in funding the 2021 budget.”

Advertisement

Over N15 billion ($14,134,947,949.80 and $1,087,533,332.62) “being outstanding revenues from debts owed by twenty-six marketers for 2021.”

Over $29.64 million ($29,648,970.36) “being outstanding royalties payable to the Department of Petroleum Resources CBN account.”

Uncollected outstanding oil royalties of over $2.26 billion ($2,260,448,992.45) and N48.21 billion ($48,218,163,192.67) from oil companies for 2021. The AGF “fears that the money may be missing” and notes this “may have resulted in difficulty in funding the 2021 budget.”

Advertisement

No date has been fixed yet for the hearing of the suit as of the time of this report.
(TRIBUNE)

News

CSOs, Academia, Impacted Communities Launch Climate Justice Campaign In Edo

Published

on

In a bid to advancing environmental justice and protecting biodiversity, a Climate Justice Assembly — comprising members of the civil society community, academia, representatives of oil extraction impacted communities, media, etc on Friday launched a campaign tagged #Yasunize and #Ogonize in Benin

The Assembly, convened by Health of Mother Earth Foundation (HOMEF), was themed: Climate Justice Assembly: Yasunize & Ogonize the World for Socio-Ecological Wellbeing.

Speaking at the event, Executive Director, HOMEF, Dr. Nnimmo Bassey, said the campaign was “inspired by the struggles of the Ogoni people in Nigeria, who have faced decades of environmental devastation and halted oil extraction in their territory in 1993, and the struggle of the people of Ecuador to stop oil extraction at Yasuní-ITT, one of the most biologically diverse places on Earth. The people of Ecuador voted massively against crude oil extraction at Yasuni ITT in a national referendum in August 2023.”

Advertisement

Bassey added that the “campaign aims to advance environmental justice, protect biodiversity, and build resilience in the face of a changing climate. It is powered by people on the ground – activists, community groups, and allies around the globe – who are demanding that corporations and governments clean up their mess and help communities heal.”

L-R: Former Attorney General and Commissioner for Justice in Edo State, Dr. Osagie Obayuwana; Dr. Ofuani Sokolo, Faculty of Law, University of Benin; A Professor of French Language, University of Benin during the launching on Friday.

READ ALSO:World Ocean Day: HOMEF Wants An End To Human’s Exploitative Relationship With The Ocean

The ED explained further that “#Ogonize is more than a campaign; it is a fight for what is right. We want to ensure that communities impacted by environmental disasters are heard, that their land is restored, and that future generations inherit a healthy planet.

“#Yasunize is about rethinking our relationship with nature. It is recognising that some places are too valuable to exploit and that we need to prioritise the health of our planet over short-term profits.”

Advertisement

“Together, #Ogonize and #Yasunize paint a picture of a world where environmental justice and sustainability are not just ideals, but realities.

“They challenge the status quo and insist that protecting the environment and ensuring social fairness go hand-in-hand. These campaigns remind us that real change comes from community-led solutions and global cooperation.”

READ ALSO:HOMEF’s School of Ecology Empowers Young Activists with Environmental Knowledge

Advertisement

He urged authorities concerned to ensure those “responsible for environmental damage pay reparations and face legal consequences, while shielding biodiversity hotspots and indigenous territories from harmful activities.”

Bassey also called on the
governments, organisations, and individuals are invited to join the movement, stand with affected communities, and advocate for policies that prioritise justice and halt ecocide.”

On his part, Executive Director, Miideko Environmental Development Foundation Initiative, Celestine Akpobari, who is an Ogoni man, urged people to expose those carrying out environmental degradation, adding: “If you see anyone destroying our environment and keep silence, you are an accomplished.”

Advertisement

In his goodwill message, former Attorney-General and Commissioner for Justice, Dr. Osagie Obayuwana, urged people not to burn the planet, just as he warned: “We are all threatened; everyone of us is at risk.”

Dr. Ofuani Sokolo, from the Faculty of Law, University of Benin, also spoke on Gender Climate Change and Community Mobilisation, while other academia and CSO members gave goodwill messages.

 

Advertisement
Continue Reading

News

Ovia South West Council Chairman, Edobor Bags National Merit Award

Published

on

The Acting Chairman of Ovia South West Local Government Council in Edo State, Hon. Charles Nosakhare Edobor, has bagged the 2025 Nigerian Local Government Merit Award (LOGMA).

He was awarded as the Best Performing Local Government Chairman in Nigeria (Security and infrastructure development, purposeful leadership).

Speaking after being conferred with the prestigious award, Edobor applauded the organizers for recognizing his administration’s commitment to localizing good governance.

Advertisement

He highlighted his leadership’s remarkable strides in building a sustainable, livable, and prosperous council area through numerous people-oriented programmes and projects-particularly in road infrastructure and the provision of basic social amenities.

READ ALSO:Why We Arrested Sowore – Police

Edobor dedicated the award to the Governor of Edo State, Senator Monday Okpebholo, and to the good people of Ovia south west Local Government Area.

Advertisement

He expressed satisfaction with the honour. He emphasized that the award would further spur him to work harder in pursuing people-centred programmes aligned with Senator Monday Okpebholo’s S.H.I.N.E and President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Edobor commended Governor Okpebholo for his visionary leadership and unwavering support for local government administrations across the state.

He reaffirmed his administration’s commitment to deepening rural development, empowering youth and women, and ensuring the dividends of democracy reach every ward in Ovia south west local government.

Advertisement

READ ALSO:How I Nearly Abandoned Presidential Library Project – Obasanjo

Earlier, in his welcome address at the event which held on Wednesday at the National Merit House, Abuja, the National Coordinator of LOGMA, Chief Bayode Ojo, stated that the award was designed to showcase the achievements of local government chairmen and reward excellence in grassroots governance – particularly those who have demonstrated exceptional commitment to promoting grassroots development despite the challenges confronting the third tier of government.

He congratulated all the awardees for making the final list after rigorous scrutiny and spot-checking of some of their executed projects to verify the authenticity of their claims.

Advertisement

Chief Ojo further urged the awardees to continue to be shining examples of sustainable growth at the grassroots and in the country at large.

 

Advertisement
Continue Reading

News

JUST IN: Tinubu Sacks CDS Musa, Names New Army Boss

Published

on

President Bola Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the Federal Government of Nigeria to strengthen the national security architecture.

READ ALSO:BREAKING: Tinubu swears In New INEC Chairman, Amupitan

The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff.

Advertisement

More to follow…

Continue Reading

Trending