Socio-Economic Rights and Accountability Project (SERAP) has sued the Nigerian National Petroleum Company Limited (NNPCL) over its alleged failure to account for missing or diverted oil funds totalling Twenty-two point three Billion Naira, Forty point seven Million Dollars, Fourteen point three Million Pounds and Five point Two Million Euros.

The suit followed allegations contained in the 2022 audited report by the Auditor-General of the Federation, published on September 9, 2025.

Filed last Friday at the Federal High Court in Abuja by SERAP’s lawyers, Oluwakemi Agunbiade and Valentina Adegoke, the organisation is seeking amongst others, “an order of mandamus to direct and compel NNPCL to account for the alleged missing or diverted oil money.”

SERAP is also asking the court to “direct and compel NNPCL to disclose the specific financial transactions carried out in respect of the alleged missing or diverted funds, including details of disbursement, contractors and other individuals who collected the money.”

Meanwhile, no date has been fixed for the hearing of the suit.

Please share and subscribe:

YouTube: @itvradio

Facebook: @ITV and Radio