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Tinubu Dragged To Court Over Failure To Probe Missing $15bn, N200bn Oil Revenues

Published

2 years ago

November 5, 2023

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that over US$15 billion oil revenues, and N200 billion budgeted to repair the refineries in Nigeria are missing and unaccounted for between 2020 and 2021.”

The allegations are contained in the 2021 report by the Nigeria Extractive Industries Transparency Initiative (NEITI).

In the suit number FHC/L/CS/2334/2023 filed last Friday at the Federal High Court in Lagos, SERAP is seeking: “an order of mandamus to direct and compel President Tinubu to probe the allegations that US$15bn of oil revenue, and N200bn budgeted to repair and maintain the refineries in Nigeria are missing and unaccounted for.”

SERAP is also seeking: “an order of mandamus to compel President Tinubu to direct appropriate anti-corruption agencies to probe allegations of corruption involving the Nigerian Petroleum Development Company Limited, Nigerian Upstream Petroleum Regulatory Commission (NPDC) and State Owned Enterprises (SOE).”

SERAP is also seeking: “an order of mandamus to compel President Tinubu to use any recovered proceeds of corruption to enhance the well-being of Nigerians.”

In the suit, SERAP is arguing that: “There is a legitimate public interest in ensuring justice and accountability for these serious allegations. Granting the reliefs sought would end the impunity of perpetrators and ensure justice for victims of corruption.”

SERAP is also arguing that, “The allegations of corruption documented by NEITI undermine economic development of the country, trap the majority of Nigerians in poverty and deprive them of opportunities.”

According to SERAP, “Unless the President is directed and compelled to get to the bottom of these damning revelations, suspected perpetrators would continue to enjoy impunity for their crimes and enjoy the fruits of their crimes.”

SERAP is arguing that, “Many years of allegations of corruption and mismanagement in the spending of oil revenues and impunity of perpetrators have undermined public trust and confidence in governments at all levels.”

SERAP is also arguing that, “The findings by NEITI suggest a grave violation of the provisions of the Nigerian Constitution 1999 [as amended], national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.”

The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Andrew Nwankwo, and Ms Valentina Adegoke, read in part: “The Tinubu government has a constitutional duty to ensure transparency and accountability in the spending of the country’s oil wealth.”

“SERAP is seeking an order of mandamus to direct and compel President Tinubu to put in place mechanisms for accountability and transparency in the oil sector.”

“Section 13 of the Nigerian Constitution imposes clear responsibility on the government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on the government to ‘abolish all corrupt practices and abuse of power’ in the country.”

“Under Section 16(1) of the Constitution, the 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.’”

“Similarly, articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the government to ensure proper management of public affairs and public funds, and to promote transparent administration of public affairs.”

“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption obligate the 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 the 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.”

“Nigeria is also a participating state of the Extractive Industries Transparency Initiative (EITI), which aims to foster greater governmental accountability for the use of natural resource wealth through the creation of a set of international norms on revenue transparency.”

“EITI also aims to tackle corruption, poverty and conflict associated with natural resource wealth. Nigeria has the obligations to implement the EITI Standard, which sets out the transparency norms with which participating States including Nigeria must comply.”

“According to the 2021 report by NEITI, government agencies including the Nigerian Petroleum Development Company (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NPDC) failed to remit $13.591 million and $8.251 billion to the public treasury.”

“The NNPC and NPDC failed to remit over 70% of these public funds. NEITI wants both the NNPC and NPDC to be investigated, and for the missing public funds to be fully recovered.”

“The report also shows that in 2021, the State Owned Enterprises (SOE) and its subsidiaries (the NNPC Group) reportedly spent US$6.931billion on behalf of the Federal Government but without appropriation by the National Assembly. The money may be missing.”

“The NNPC also reportedly obtained a loan of $3 billion in 2012 purportedly to settle subsidy payments due to petroleum product marketers but there is no disclosure of the details of the loan, subsidy and the beneficiaries of the payments.”

“The report also shows that N9.73 billion was paid to the NNPC as pipeline transportation revenue earned from Joint Venture operations but the money was neither remitted to the Federation nor properly accounted for. The NPDC in 2021 also failed to remit $7.61 million realized from the sale of crude oil.”

“The report documents that about N200 billion was spent on ‘refineries rehabilitation’ between 2020 and 2021 but ‘none of the refineries was operational in 2021 despite the spending.’ NEITI wants the spending to be investigated, as the money may be missing.”

Joined in the suit as Respondent is Mr Lateef Fagbemi, SAN, the Attorney General of the Federation and Minister of Justice.

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

News

JUST IN: Tinubu Decorates New Service Chiefs

Published

4 hours ago

October 30, 2025

Editor

President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.

The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.

Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.

The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.

Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”

It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.

The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.

The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.

In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.

The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.

Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”

On Monday, Tinubu had met privately with the new service chiefs at the Villa.

They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.

Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.

Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”

The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”

News

JUST IN: Eurozone Growth Beats Expectations In Third Quarter

Published

8 hours ago

October 30, 2025

Editor

The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.

The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.

The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.

More details later…

News

PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

Published

8 hours ago

October 30, 2025

Editor

At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.

A police inspector attached to the Lagos State Police Command was said to be among the victims.

The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.

“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.

“As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.

He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.

“At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.

The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.

Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

“We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.