The Socio-Economic Rights and Accountability Project has urged the Nigerian Senate to disclose the names of officials allegedly involved in the reported ₦210 trillion missing or unaccounted funds from the Nigerian National Petroleum Company Limited.
In a letter addressed to Godswill Akpabio, and signed by its Deputy Director Kolawole Oluwadare, SERAP called on the Senate’s Public Accounts Committee to make public all relevant details of the investigation. These include audit reports, financial records, official communications, and timelines for appearances of those implicated.
The organisation stressed that transparency is critical, especially given the scale of the alleged discrepancies. According to SERAP, making the investigation public would help prevent suspicions of cover-ups or selective accountability and allow Nigerians to properly assess the situation.
The Senate committee is currently probing financial inconsistencies in NNPCL accounts from 2017 to 2023. These include about ₦103 trillion linked to joint venture and operational costs, and another ₦107 trillion tied to receivables, subsidies, and other obligations. Audit findings reportedly revealed gaps such as unreconciled figures and missing documentation.
SERAP also raised concerns that some officials invited for questioning have failed to appear or provide adequate explanations, which it says undermines accountability. The group warned that delays could weaken public trust and risk loss of evidence.
To push for action, SERAP has given the Senate a seven-day deadline to release the requested information or face possible legal steps to compel disclosure.
Overall, the organisation emphasized that openness and accountability are essential to protect Nigeria’s economic future and restore confidence in the management of public resources.
