Oil Revenues

NNPC Faces Lawsuit For Alleged Failure To Account for ₦164 Billion In Oil Fund

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NNPCL Gas Supply Dangote

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

NNPCL Given Seven Days To Account For ‘Missing $2.04 Billion, N164 Billion Oil Revenues’

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NNPCL

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

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