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.
In the suit number FHC/ABJ/CS/195/2026 filed last Friday at the Federal High Court in Abuja, we’re seeking order of mandamus to direct and compel the NNPCL to account for the alleged missing or diverted N22.3 billion, USD$49.7 million, £14.3 million, and €5.2 million oil money.
We are also asking the court to direct and compel NNPC Limited to disclose the specific financial transactions carried out in respect of the alleged missing or diverted N22.3 billion, USD$49.7 million, £14.3 million and €5.2 million oil money, including details of disbursement, the contractors, and other individuals who collected the money.
The diverted or misappropriated oil revenues reflect a failure of NNPC Limited accountability more generally and are directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability.
The allegations have also undermined the economic development of the country, trapped the majority of Nigerians in poverty and deprived them of opportunities.
The Auditor-General has for many years documented reports of disappearance of oil money from the NNPC Limited
Nigerians continue to bear the brunt of these missing oil money meant to provide essential public services for Nigerians.
Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of the widespread grand corruption including in NNPC Limited , and the entrenched culture of impunity of perpetrators.
Details 👇🏼👇🏼
https://serap-nigeria.org/2026/02/01/serap-sues-nnpcl-over-failure-to-account-for-missing-n22-3bn-49-7m-14-3m-e5-2m-oil-money/
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