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SERAP Sues NNPCL Over Unaccounted N500bn Oil Funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the failure to account for and explain the whereabouts of N500bn.
The organisation claimed that the NNPCL failed to remit the amount to the Federation Account between October 2024 and December 2024.
In a statement signed by SERAP Deputy Director, Kolawole Oluwadare, yesterday, the suit followed the recent allegations by the World Bank that out of the N1.1 trillion revenue from crude sales and other income in 2024, the NNPCL only remitted N600bn, leaving a deficit of N500bn unaccounted for.
“In response to SERAP’s Freedom of Information (FoI) request, the NNPCL had claimed through its lawyers, Afe Babalola and Co that the FoI Act does not apply to it.
But in the suit number FHC/L/MSC/553/2025 filed last Friday at the Federal High Court in Lagos, SERAP is seeking: “an order of mandamus to direct and compel the NNPCL to account for the alleged missing N500 billion, which it allegedly failed to remit to the Federation Account between October 2024 and December 2024.”
SERAP said it is also seeking the court to “direct and compel the NNPCL to invite appropriate anti-corruption agencies to investigate the spending and whereabouts of the said N500 billion and to ensure the prompt recovery and remittance of the money to the Federation Account.”
SERAP also asked the court to “direct and compel the NNPCL to identify those suspected to be responsible for the alleged missing oil funds, surcharge them for the full amount involved, and hand them over to appropriate anti-corruption agencies for investigation and prosecution.”
In the suit, SERAP argued that: “The NNPCL has a responsibility to comply with the Nigerian Constitution 1999 [as amended], the Freedom of Information Act, and the country’s international human rights and anticorruption obligations in the exercise of its statutory functions.
It noted that, “The missing oil revenues have further damaged the already precarious economy in the country and contributed to high levels of deficit spending by the government and the country’s crippling debt crisis.”
According to SERAP, the missing oil revenue reflects a failure of NNPCL’s accountability more generally and is directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability.
It also argued that, “the Supreme Court in a groundbreaking judgment recently declared that the Freedom of Information Act is applicable and applies to the public records in the Federation, including those kept by the NNPCL.”
The suit filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Ms Oluwakemi Oni, and Ms Valentina Adegoke, read in part: “Nigerians continue to bear the brunt of these missing public funds from the NNPCL meant for the economic development of the country.
“There is a legitimate public interest in providing the details sought. The NNPC has a legal responsibility to account for and explain the whereabouts of the missing oil money.”
SERAP pointed out that the country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and the sake of the present and future generations, saying that without the full recovery and remittance of the missing N500 billion oil revenues, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services.
“Nigerians have the right to know why the NNPCL failed to remit the subsidy removal savings to the Federation Account, and why the NNPCL is deliberately denying states and local governments their allocations from the Account, contrary to the provisions of the Nigerian Constitution.
“The failure by the NNPCL to remit the money to the Federation Account is a grave violation of the public trust and the provisions of the Nigerian Constitution, national anticorruption laws, and the country’s anticorruption obligations.
“Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators.
“Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the government to meet its human rights and anti-corruption obligations,” the organisation said.
The statement noted that the Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding the spending of their commonwealth.
It said, “The Auditor-General of the Federation and Nigeria Extractive Industries Transparency Initiative have for many years documented reports of the disappearance of oil money from the NNPCL.
“The World Bank recently disclosed that out of the N1.1tn revenue from crude sales and other income in 2024, the NNPC only remitted N600bn, leaving a deficit of N500bn unaccounted for.
“The revenue and other income were expected to be paid into the Federation Account and shared by all levels of government, but the NNPCL reportedly failed to do so.”
SERAP noted that “Section 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power. Section 13 of the Nigerian Constitution imposes clear responsibility on the NNPCL to conform to, observe, and apply the provisions of Chapter 2 of the Constitution.”
The organisation added that Nigeria has made legally binding commitments under the UN Convention against corruption to ensure accountability in the management of public resources, stressing that articles 5 and 9 of the UN Convention against corruption also impose legal obligations on the NNPCL to ensure proper management of public affairs and public funds.
The statement concluded: “These commitments ought to be fully upheld and respected.
“The missing oil revenue has also impeded Nigerians’ ability to enjoy their economic and social rights, and denied them access to essential public goods and services, especially at the time of the cost of living crisis in the country.
“Had the NNPCL accounted for and remitted the alleged missing N500 billion to the Federation Account, it is likely that more funds would have been allocated to the fulfillment of economic and social rights, such as increased spending on public goods and services.
“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights, and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information on the whereabouts of the missing N500 billion of oil revenue.”
No date has been fixed for the hearing of the suit.
News
Fubara Vows Full Support For Independent, Effective Judiciary
Rivers State Governor, Sir Siminalayi Fubara, has pledged necessary support to ensure the Judiciary operates as a truly independent and effective justice system. Governor Fubara gave the assurance while formally declaring open the 2025/2026 Legal Year at a special Court Session at the State High Court Complex in Port Harcourt, recently.
He expressed satisfaction not only with the event’s success but also with the Bar and Bench’s commitment to advancing the integrity of the judicial system.
The Governor said that the Rivers State Judiciary ranks among the best in Nigeria, adding that it features some of the brightest judicial minds who courageously interpret and apply the law with a high sense of justice.
He reminded the lawyers, that as ministers in the temple of justice, they are under oath to conduct themselves honestly in their practice of the law before the courts, to uphold the rule of law and advance the course of justice at all times.
“Similarly, every judge is under a judicial oath to provide equal justice to all persons according to law to the best of their knowledge and ability without fear, favour, or affection”, he said.
He stressed that the judicial oath is not composed of mere words but demands that judges act with moral courage to resist pressure, and ensure that both friends and foes have access to equal and impartial justice.
He, therefore, requested that all courts, inferior or superior, should perform their duties with courage, adjudicate and interpret the laws and cases in ways that promote substantial justice, democracy, and citizens’ fundamental rights.
The Governor, however, declared that the political crisis is now over, with all parties fully reconciled, and his administration back on its feet, affirming that he holds no grudges or ill feelings toward anyone.
He stated that the administration is now re-energised and has resumed the implementation of people-centric policies, programmes, and projects with greater determination to achieve the developmental milestones set to enhance the well-being of the people of Rivers State.Governor Fubara reiterated his commitment to work with the State House of Assembly, the Judiciary, and other stakeholders to recover lost ground, sustain peace and accelerate development of the state.
He also appreciated the Chief Judge for providing functional, effective leadership, exceptional courage, and an unwavering determination to ensure justice is served to all who seek the aid of the courts.
Speaking earlier during the thanksgiving service at the Corpus Christi Catholic Cathedral, Port Harcourt, Governor Fubara called on the Judiciary to remain steadfast as a “true temple of justice”, urging the courts not to let the innocent suffer unjustly. In his remarks, Chief Judge of Rivers State, Justice Simeon Amadi, highlighted the absence of a Committee on Prerogative of Mercy in the state, which, he said has contributed significantly to congestion in custodial centres. He noted that the non-reduction of sentences for inmates, including 493 male and 15 female death-row prisoners, is beyond the Chief Judge’s powers, and called for government intervention.
He thanked the Governor for the support given to the Judiciary so far, and solicited for more encouragement to reduce the pressures judicial officers face in the performance of their duties. Also speaking, Chairman, Nigerian Bar Association (NBA), Port Harcourt Branch, Mrs. Cordelia Eke, said the 2024–2025 legal year began with optimism but was soon overshadowed by political and institutional turbulence.
She noted that the state of emergency and suspension of key elected officials disrupted democratic governance and tested the resilience of the justice system. “The absence of an Attorney General caused serious delays in justice delivery, unprocessed legal applications, and financial losses,” Eke stated.According to her, the situation underscored the urgent need to fortify laws that protect institutions and ensure that the justice system continues to function even in difficult times.
Speaking on behalf of the Body of Senior Advocates of Nigeria (BOSAN), Chief Onueze Okocha (SAN), expressed concern over the battered image of the Judiciary, lamenting that many Nigerians have lost faith in the courts due to inconsistent judgments and prolonged case delays.He urged judges to resist personal interests that could influence their professional conduct, calling for renewed integrity and faster dispensation of justice.
Earlier in his homily during the thanksgiving service, Apostolic Administrator, Catholic Diocese of Port Harcourt, Right Reverend Patrick S. Eluke, urged members of the legal profession to uphold moral and spiritual integrity in their practice, reminding them of their “sacred duty” to ensure that justice reflects honesty, compassion, and fairness.
He cautioned against hypocrisy, rivalry, and unhealthy competition within the legal profession, stressing that true justice must protect the vulnerable and remain unswayed by material or political influence.
He further called on elected leaders to demonstrate patriotism and accountability to the people who entrusted them with power, noting that democracy and justice thrive only where integrity and fairness prevail.
The Governor read the First Reading from 2 Chronicles 19: 5-9; while the Chief Judge took the 2nd Reading from Psalm 100: 1-5. Highlights of the event were presentation of gifts to the Governor, his Deputy, Speaker, Rivers State House of Assembly, Rt Hon Martin Amaewhule, and the Chief Judge as well as prayers for the Government, the Judiciary, the State and the Country.
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NLNG, NCDMB Unveil ICT Centre In P’Harcourt To Boost Tech Skills
The NLNG and the Nigerian Content Development and Monitoring Board have restated their shared commitment to human capital development and technological inclusion through the completion of two key capacity-building projects in Port Harcourt, Rivers State.
The events featured the commissioning of a remodelled and fully equipped ICT Centre at the Baptist High School, Port Harcourt, and the close-out ceremony of the Human Capital Development Basic Training Programme, a year-long initiative designed to enhance employability and industry skills among young Nigerians.
This was contained in a statement issued in Port Harcourt yesterday by the NLNG Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku, and sent to newsmen.
The NCDMB Executive Secretary, Engr. Felix Ogbe described the ICT Centre as a “gateway to knowledge, innovation, and future opportunities.”
Represented by the General Manager, Institutional Strengthening, Mr Olugbenga Sheba, he noted that the project reflects both organisations’ shared vision to equip young Nigerians with digital skills and prepare them for a technology-driven world.
“The remodelled ICT Centre is more than a building. It is a statement of belief that students here can learn coding, design, and innovation that connects them with the world.
“It represents our confidence that when given the right tools, Nigerian students can become creators, innovators, and entrepreneurs,” he said.
Omatsola commended NLNG for its continued collaboration with the Board and its steadfast commitment to Nigerian Content goals.
He stressed that the partnership demonstrates what can be achieved through meaningful collaboration between government and corporate stakeholders, adding that such investments build a stronger and more prosperous Nigeria.
NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, reaffirmed the company’s commitment to compliance with Nigerian Content regulations and to improving lives sustainably. She stated that the project aligns with NLNG’s vision of empowering communities through education and technology.
“The upgrade executed at Baptist High School, apart from complying with extant regulations under NCDMB’s guidance, is an investment that gives students a modern learning environment and provides teachers with better tools to deliver quality education.
“This aligns with our long-term commitment to human capital development,” she said.
The intervention at Baptist High School included the delivery of a 40-seater ICT Centre, a 20KVA solar and inverter system, renovated classrooms and administrative buildings, and the provision of digital smart boards and modern learning tools.
At the close-out ceremony of the HCD Basic Training Programme, 30 trainees received international certifications in Engineering, Marine Operations, Health, Safety and Environment (HSE), Entrepreneurship, and other vital skills for the oil and gas industry.
The ceremonies underscored the joint mission of NLNG and NCDMB to build local capacity, promote technological inclusion, and support Nigeria’s broader vision of sustainable development through education and skill acquisition.
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New INEC Chair Pledges Free, Fair, Credible Polls
The newly sworn-in Chairman of the Independent National Electoral Commission, Prof. Joash Amupitan, SAN, has vowed to restore credibility and public confidence in the country’s electoral system, declaring his appointment as a “divine” call to serve the nation.
Speaking shortly after his inauguration by the President at the State House yesterday, Amupitan declared that his mission was clear — to deliver free, fair, and credible elections while deepening democratic values across the nation.
During his first official meeting with the commission’s directors, he stressed that achieving INEC’s mandate would hinge on teamwork, discipline, and integrity within the institution.
“Our mandate is clear, and what is it? To deliver free, fair, and credible elections that reflect the will of the Nigerian people. To achieve this, we must work together as a team,” he stated.
Addressing INEC staff and directors, the don pledged to uphold the highest standards of transparency and accountability.
“As we mark the beginning of the new chapter, I want to assure you of my commitment to upholding the highest standard of integrity, transparency, and discipline in all our operations,” he said.
Turning his attention to the upcoming Anambra State governorship election, the INEC chairman described it as a defining moment for the commission.
“The upcoming Anambra state governorship election is not just another electoral exercise. It represents a pivot opportunity for us to demonstrate our commitment to free, fair, and credible elections,” he declared.
“The eyes of the nation are upon us, and it is our duty to rise to that occasion.
“Credibility in our election is paramount, and we must ensure that every voter feels confident that their vote will count. Because that is a constitutional task. And let’s restore back the confidence of every voter that whenever there is an election, their vote will count,” Amupitan added.
The don also made staff welfare a central part of his agenda, acknowledging that the commission’s workforce plays a vital role in ensuring credible elections.
“For me, staff welfare is going to be my priority. We are going to be expecting so much from you, so your welfare is going to be a priority.
“We’ll work assiduously and tirelessly to ensure that our working conditions are conducive and that our staff are equipped with the necessary resources to excel,” the INEC chairman assured.
The chairman, accompanied by his wife, children, and senior officials from the University of Jos, expressed gratitude to his academic colleagues who celebrated his appointment.
“I was told that the whole university got shut down out of excitement. One of theirs is now given this very heckling and important responsibility of heading this commission at this time,” he said.
Despite the weight of his new responsibilities, he said he was ready for the challenge.
“The places I’ve gone to, including some national commissioners, they were saying, I don’t envy you. But let me say that I am excited about the journey ahead.
“Together, let us uphold the values of democracy and work tirelessly for the credibility of our elections,” the don said.
He concluded his remarks on a reflective note, describing his appointment as part of a divine plan.
“Maybe if I had a choice, I would say I would not come here. But from all the indications, I could see that God is moving in this country, and my coming is divine.
“If God says go, who are you to say I’m not going? I’m here because I have a role to play to ensure that a new Nigeria is born. And of course, you know, INEC has a very, very important role to play in this quest.
“God bless you all, and God bless the Federal Republic of Nigeria,” he concluded.
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