NNPC Faces Lawsuit For Alleged Failure To Account for ₦164 Billion In Oil Fund They seek orders to compel NNPC to explain, recover, and remit missing funds, as well as hand over suspects for investigation. Auditor-General’s reports document NNPC’s failure to remit funds, contributing to economic challenges. EKO HOT BLOG reports that the Socio-Economic Rights and … Read more
EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPCL) has been given a seven-day ultimatum by the Socio-Economic Rights and Accountability Project (SERAP) to account for alleged missing oil revenues totaling USD$2.04 billion and N164 billion, as documented in the latest annual report by the Auditor-General of the Federation. In a letter dated … Read more
Socio-Economic Rights and Accountability Project (SERAP) has given President Muhammadu Buhari 14 days to “direct the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami, SAN, and appropriate anti-corruption agencies to urgently investigate allegations that over N300bn of public funds are missing, mismanaged, diverted or stolen, as documented in the 2017 audited … Read more