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Tag: NNPCL

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Tinubu Government Defends Executive Order on NNPC Revenue Remittance

The Federal Government under President Bola Ahmed Tinubu has defended its decision to compel the Nigerian National Petroleum Company Limited (NNPC) to remit all eligible revenues directly into the Federation Account, insisting the move is constitutional and does not amount to executive lawmaking. In a statement issued on Monday and signed by Tanimu Yakubu, Director-General […]

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SERAP Sues NNPCL Over Alleged Diversion of ₦22.3bn, $49.7m, £14.3m, €5.2m

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), demanding accountability for allegedly missing or diverted oil revenues amounting to ₦22.3 billion, $49.7 million, £14.3 million, and €5.2 million. The suit follows findings contained in the 2022 audited report of the Auditor-General of the Federation, […]

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