Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL), to immediately reverse what it described as the “illegal and unconstitutional” increase in the pump price of premium motor spirit or petrol across its retail outlets.

In a statement by SERAP’s Deputy Director, Kolawole Oluwadare on Sunday, it also urged Tinubu to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, and appropriate anti-corruption agencies, to probe the allegations of corruption and mismanagement in the NNPCL, including the spending of the reported $300 million ‘bailout funds’ collected from the Federal Government in August 2024, and the $6 billion debt it owes suppliers.

SERAP said, “Suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.

They further lamented that the increase in petrol price constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations