• News
  • Advertise
  • Privacy & Policy
  • Contact Us
The Cabal
  • Home
  • Editorial
  • News
  • Entertainment
  • Business
  • Education
  • Health
  • Politics
  • Opinion
  • Sport
  • Contact Us
No Result
View All Result
  • Home
  • Editorial
  • News
  • Entertainment
  • Business
  • Education
  • Health
  • Politics
  • Opinion
  • Sport
  • Contact Us
No Result
View All Result
The Cabal
No Result
View All Result
Home News

Refinery Repairs: SERAP Wants NNPCL To Account For Missing Billions

Thecabal by Thecabal
July 14, 2025
in News
0
Refinery Repairs: SERAP Wants NNPCL To Account For Missing Billions
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit at the Federal High Court in Lagos, seeking to compel the Nigerian National Petroleum Company Limited (NNPCL) to explain the whereabouts of over ₦825 billion and $2.5 billion reportedly allocated for the repair and rehabilitation of refineries.

The case, which is yet to be assigned to a judge, also asks the court for an order of mandamus directing the NNPCL to trace, recover, and remit the allegedly missing funds into the federation account.

SERAP further requested that the court order the NNPCL to identify those responsible for the missing oil revenue, recover the sums from them directly, and refer them to anti-corruption agencies for investigation and prosecution.

The legal action is based on the 2021 audit report from the Auditor-General of the Federation, published on 27 November 2024, which raised serious concerns about the funds. The case also references a statement from Aliko Dangote, President of the Dangote Group, who suggested the NNPCL refineries might never function again, despite $18 billion in investment.

In a sworn affidavit, SERAP argued these allegations point to violations of the Nigerian Constitution, anti-corruption laws, and international obligations the country has undertaken. It also maintained that holding those responsible accountable would challenge widespread impunity and help return the funds for the benefit of ordinary Nigerians.

The group said billions of dollars meant for the refineries have brought few benefits to citizens, while mismanagement has deepened poverty and worsened public deficits.

The Auditor-General’s report concluded that NNPCL had failed to properly account for ₦825 billion and $2.5 billion, alongside other concerning financial discrepancies: over ₦343 billion deducted from domestic crude oil sales for pipeline maintenance without adequate explanation; more than ₦83 billion missing from joint venture income between 2016 and 2020; and over ₦204 billion taken as oil royalty deductions in 2021 without justification.

No hearing date has been scheduled, and NNPCL has yet to respond formally to the lawsuit.

 

Author

  • Thecabal
    Thecabal

Tags: AccountRefinerySERAP
Previous Post

Bauchi, Gombe Delegations Inspect Kolmani Oil Wells, Lament Project Delay

Next Post

Late President Buhari Tried His Best For Nigeria – Obasanjo

Thecabal

Thecabal

Related Posts

SERAP Gives Niger Governor 48 Hours To Reinstate Badeggi FM Or Face Legal Action
News

SERAP Gives Niger Governor 48 Hours To Reinstate Badeggi FM Or Face Legal Action

August 3, 2025
NNPC Ltd Rules Out Sale Of Port Harcourt Refinery, Recommits To Full Rehabilitation
Business

NNPC Ltd Rules Out Sale Of Port Harcourt Refinery, Recommits To Full Rehabilitation

July 30, 2025
Again Dangote Refinery Reduces Ex-depot Fuel Price To N820 Per Litre
Business

Again Dangote Refinery Reduces Ex-depot Fuel Price To N820 Per Litre

July 8, 2025
Next Post
The Life And Times Of Muhammadu Buhari (1942–2025)

Late President Buhari Tried His Best For Nigeria – Obasanjo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
NPC Begins Free Birth Registration Exercise In Delta

NPC Begins Free Birth Registration Exercise In Delta

September 4, 2024
ASUU Awards Scholarships To Indigent SAZU Students

ASUU Awards Scholarships To Indigent SAZU Students

July 31, 2025
Literacy Day: Stakeholders Urge Promotion Of Multilingual, Indigenous Education

Literacy Day: Stakeholders Urge Promotion Of Multilingual, Indigenous Education

September 8, 2024
Rep Dibiagwu Advises Niger-Delta People To Eschew Crisis

Rep Dibiagwu Advises Niger-Delta People To Eschew Crisis

September 16, 2024
House Committee Commits To Full Implementation Of Disability Act

House Committee Commits To Full Implementation Of Disability Act

0
Plateau: PDP Asks Chief Justice To Probe APC Leaders’ Claim Of Judiciary Control

Plateau: PDP Asks Chief Justice To Probe APC Leaders’ Claim Of Judiciary Control

0
Nigeria’s Judiciary Now “Cash And Carry”– Atiku

Nigeria’s Judiciary Now “Cash And Carry”– Atiku

0
Rule Of Law Cornerstone Of Governance In Any Given Polity – AGF

Rule Of Law Cornerstone Of Governance In Any Given Polity – AGF

0
PDP Releases Timetable For Elective National Convention

PDP Releases Timetable For Elective National Convention

August 3, 2025
Why We Chose The Name, “The Cabal”

Why We Chose The Name, “The Cabal”

August 3, 2025
Tinubu Hails D’Tigress After Historic 5th Consecutive AfroBasket Title Win

Tinubu Hails D’Tigress After Historic 5th Consecutive AfroBasket Title Win

August 3, 2025
D’Tigress Seal 5th Straight AfroBasket Crown, Extend Unbeaten Run To 28 Games

D’Tigress Seal 5th Straight AfroBasket Crown, Extend Unbeaten Run To 28 Games

August 3, 2025

Recent News

PDP Releases Timetable For Elective National Convention

PDP Releases Timetable For Elective National Convention

August 3, 2025
Why We Chose The Name, “The Cabal”

Why We Chose The Name, “The Cabal”

August 3, 2025
Tinubu Hails D’Tigress After Historic 5th Consecutive AfroBasket Title Win

Tinubu Hails D’Tigress After Historic 5th Consecutive AfroBasket Title Win

August 3, 2025
D’Tigress Seal 5th Straight AfroBasket Crown, Extend Unbeaten Run To 28 Games

D’Tigress Seal 5th Straight AfroBasket Crown, Extend Unbeaten Run To 28 Games

August 3, 2025
The Cabal

© 2023 The Cabal
For Truth & Humanity

Quick Navigation

  • News
  • Advertise
  • Privacy & Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Editorial
  • News
  • Entertainment
  • Business
  • Education
  • Health
  • Politics
  • Opinion
  • Sport
  • Contact Us

© 2023 The Cabal
For Truth & Humanity