SERAP Sues NNPCL Over Alleged Missing N825bn, $2.5bn for Refinery Repairs
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over its alleged failure to account for N825 billion and $2.5 billion meant for refinery rehabilitation and oil revenues.
The suit, filed at the Federal High Court in Lagos, follows revelations in the Auditor-General’s 2021 report, which flagged multiple unaccounted funds linked to the NNPCL. SERAP is seeking a court order compelling the company to recover and remit the funds, identify those responsible, and hand them over for prosecution.
This comes days after Dangote Group President, Aliko Dangote, declared that NNPCL refineries may never work again, despite $18 billion already spent.
No date has been fixed for the hearing.
