SERAP Sues NNPCL Over ‘Failure To Account For Missing 22.3 billion Naira and 49.7 million dollars Oil Money
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for the alleged missing or diverted 22.3 billion naira, 49.7 million dollars, 14.3 million pounds and 5.2 million euros oil money.
Disclosing this in a statement on Sunday, SERAP Deputy Director, Kolawole Oluwadare, said the suit followed the damning allegations documented in the 2022 audited report by the Auditor-General of the Federation, which was published on 9 September 2025.
The suit was filed last Friday at the Federal High Court in Abuja.
The group is seeking “an order of mandamus to direct and compel the NNPCL to account for the alleged missing or diverted oil money.
It also asked the court to “direct and compel the NNPCL to disclose the specific financial transactions carried out in respect of the alleged missing or diverted oil money, including details of disbursement, the contractors, and other individuals who collected the money.”
