SERAP demands NNPCL account for missing N825bn, $2.5bn allocated for refinery repairs

MATTHEW ATUNGWU FROM THE DAILY POST 

The Socio-Economic Rights and Accountability Project, SERAP, has challenged the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari to account for and explain the whereabouts of the alleged missing N825bn and $2.5bn meant for ‘refinery rehabilitation’ and other oil revenues, as documented in the 2021 annual report by the Auditor-General of the Federation.

SERAP said the yearly report was published on Thursday 27 November 2024.

The organization urged the Group Chief Executive Officer of NNPCL, Mele Kyari, to identify those suspected to be responsible for the disappeared oil money and hand them over to the Independent Corrupt Practices and Other Related Offences Commission, ICPC, and the Economic and Financial Crimes Commission, EFCC.

It also urged the NNPCL boss to officially invite former president Olusegun Obasanjo to tour Nigeria’s refineries and to extend the invitation to the EFCC and ICPC to monitor the operations of the refineries, and any spending on them, including the Port Harcourt and Warri refineries…