The Nigerian National Petroleum Company Limited, NNPCL, has been called upon to account for the whereabouts of the alleged missing N825bn and $2.5bn meant for refinery repairs and other oil revenues, as documented in the 2021 annual report by the Auditor-General of the Federation.
The Socio-Economic Rights and Accountability Project, SERAP, made the request in a letter signed by its Deputy Director, Kolawole Oluwadare.
SERAP in the letter, dated 4 January 2025, urged the Group Chief Executive Officer of NNPCL, Mele Kyari, to identify those suspected to be responsible for the disappeared oil money and hand them over to the Economic and Financial Crimes Commission, EFCC and the Independent Corrupt Practices and Other Related Offences Commission, ICPC.
The body also advised the chief executive officer of the petroleum company to officially invite former president Olusegun Obasanjo to tour Nigeria’s refineries and to extend the invitation to the anti graft agencies to monitor the operations of the refineries, and any spending on them.
It observed that the allegations by the Auditor-General suggest a grave violation of the national anti corruption laws and the country’s international obligations.
SERAP further stated that the accusations have also undermined the economic development of the country and deprived many Nigerians of economic benefits.
