Post #493

Nigeria’s State Oil Corporation NNPC Faces New Corruption Lawsuit from Local NGO 🌐 The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit at the Federal High Court in Abuja against the Nigerian National Petroleum Company Limited (NNPC) over its alleged failure to account for more than $50 million in oil revenue. 🔸Over the past six months, the state-owned oil corporation—which operates across all stages of fuel production—has faced increasingly frequent accusations of opaque financial mismanagement. The new claim is based on the 2022 audited report by the Auditor-General of the Federation, published on September 9, 2025. 🔸Simultaneously, another NGO organized protests, demanding that the Nigerian anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), investigate NNPC’s operations. 🔴 "The federal republic of Nigeria under the leadership of President Bola Tinubu, is employing tremendous effort ... to reshape the narrative surrounding the good image of our beloved country, Nigeria. It is thus ignoble on the part of any public officer, particularly the management of NNPC, under the leadership of Mr Bayo Ojulari ... to sabotage the efforts of this government", said the group. Despite persistent allegations of financial mismanagement, in December, Nigeria's Tinubu wrote off approximately $1.4 billion of NNPC’s debt. ➡️ Stay informed - @devilsbelow