SERAP sues NNPCL over missing N500bn crude oil revenue – Newstrends
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SERAP sues NNPCL over missing N500bn crude oil revenue

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SERAP sues NNPCL over missing N500bn crude oil revenue

Social Economic Rights and Accountability Project (SERAP) has taken legal action against the Nigerian National Petroleum Company Limited (NNPCL), demanding answers over the alleged disappearance of ₦500 billion in oil revenues. According to SERAP, the NNPCL failed to remit this substantial sum to the Federation Account between October and December 2024.

In a suit filed at the Federal High Court in Lagos, SERAP is pushing for a court order to compel NNPCL to fully account for the missing funds and to involve anti-corruption agencies in recovering the unremitted money. The case follows a bombshell revelation by the World Bank, which claimed that while NNPCL generated ₦1.1 trillion from crude oil sales and other sources in 2024, only ₦600 billion was remitted—leaving a ₦500 billion gap.

Responding to SERAP’s Freedom of Information (FoI) request, NNPCL, via its legal representatives Afe Babalola & Co, controversially argued that the FoI Act does not apply to it—an assertion SERAP is now challenging in court.

The legal action—filed as suit number FHC/L/MSC/553/2025—seeks a mandamus order directing NNPCL to explain the whereabouts of the missing ₦500 billion and ensure its prompt recovery. SERAP is also demanding that individuals responsible be identified, surcharged, and handed over to anti-corruption agencies for prosecution.

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SERAP argues that the missing oil revenue is a serious breach of public trust, particularly as it affects critical national funding and widens Nigeria’s fiscal deficit. “This shortfall has deepened the country’s economic woes and fuelled the current debt crisis,” SERAP said.

The organisation further highlights that the NNPCL, as a public institution, is subject to the Nigerian Constitution, the Freedom of Information Act, and international anti-corruption conventions. It also references a recent Supreme Court decision affirming that the FoI Act applies across all public records in Nigeria—including those held by the NNPC.

According to SERAP, the failure to remit these funds has denied states and local governments their fair share, exacerbating hardship for ordinary Nigerians. The group insists that recovering the lost revenue could significantly improve access to essential services such as healthcare, education, and infrastructure.

SERAP pointed out long-standing concerns from the Auditor-General of the Federation and the Nigeria Extractive Industries Transparency Initiative (NEITI), both of which have repeatedly documented unaccounted oil revenues from the NNPCL

The group underlined that the Nigerian Constitution mandates all public institutions to fight corruption and uphold transparency. Additionally, Nigeria’s commitments under the UN Convention against Corruption obligate public agencies like NNPCL to ensure responsible management of national resources.

The organisation warned that without accountability and full recovery of the ₦500 billion, Nigeria’s economic situation could deteriorate further. “Despite being oil-rich, widespread corruption and impunity have robbed the Nigerian people of the benefits they should enjoy,” SERAP said.

No date has been scheduled for the hearing of the case.

 

SERAP sues NNPCL over missing N500bn crude oil revenue

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Akpabio sues Natasha for ₦200bn over sexual harassment allegations

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Senator Natasha Uduaghan and Senate President Godswill Akpabio

Akpabio sues Natasha for ₦200bn over sexual harassment allegations

Senate President Godswill Obot Akpabio has instituted a ₦200 billion defamation lawsuit against Senator Natasha Akpoti-Uduaghan, accusing her of spreading malicious sexual harassment allegations that he says have severely damaged his public image.

According to documents filed before the High Court of the Federal Capital Territory, Abuja, Akpabio is seeking substantial damages, public retractions, and nationwide broadcast apologies. He argues that Senator Akpoti-Uduaghan’s televised, radio, and online interviews portrayed him as a sexual predator who abused his office for personal gratification—claims he insists subjected him to widespread ridicule and reputational harm.

The lawsuit includes a comprehensive statement of claims and a list of witnesses. Akpabio is also asking the court to compel the removal of all online materials containing the disputed allegations and to order repeated public apologies across major media outlets.

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A court order issued on 6 November 2025 granted permission for substituted service through the Clerk of the National Assembly after initial attempts to reach Senator Akpoti-Uduaghan directly were unsuccessful. The case is now moving forward and is expected to become one of the most closely watched political legal battles in Nigeria.

Responding on 5 December 2025, Senator Natasha Akpoti-Uduaghan confirmed receipt of the suit and expressed readiness to defend her allegations before a competent court. She stated that she had previously been prevented from presenting a petition before the Senate Committee on Ethics and Privileges due to claims that a related case was already in court—an action she believes protected the Senate President from legislative scrutiny.

In a strongly worded response, the Kogi Central senator maintained that the court proceedings will finally provide the platform to substantiate her claims. She reiterated her stance that she experienced sexual harassment and that her refusal to comply with the alleged advances prompted sustained political retaliation.

See you in court, Godswill Akpabio,” she declared.

Akpabio sues Natasha for ₦200bn over sexual harassment allegations

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NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

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NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

The Nigeria Labour Congress (NLC) has warned that it will no longer remain passive as criminal gangs intensify violent attacks across the country, declaring its readiness to hold a national day of mourning and mobilise nationwide protests over the escalating insecurity in Nigeria.

Speaking at the opening of the NLC’s National Executive Council (NEC) meeting in Lagos, NLC President Joe Ajaero said the country was “under siege,” condemning the latest school kidnapping and the reported withdrawal of security personnel before the attack. He demanded a full investigation to expose any possible compromise within the nation’s security architecture.

“The NLC cannot stand idly by and allow criminals to take over our country—never again. We want to know who ordered the withdrawal of security operatives from that school. We will not allow kidnappers and bandits to overrun our nation,” Ajaero said.

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He stressed that the labour movement would soon announce details of the planned protests and national mourning, insisting the lives of teachers, students and workers were in grave danger. “It is getting out of hand. We can no longer bear this,” he added.

Ajaero also revealed that the NLC had withdrawn its representatives from the Labour Party, accusing them of pursuing personal interests rather than representing workers.

Human rights lawyer Femi Falana, SAN, who addressed the meeting, warned that the country was in “serious trouble” over rising kidnappings and attacks. He rejected calls for foreign military intervention, cautioning that such a move would undermine Nigeria’s sovereignty.

Falana criticised recent statements by former U.S. President Donald Trump, describing them as unacceptable. He urged President Bola Tinubu to take decisive action to protect citizens, saying: “We want to let the world know that we are not a conquered people.”

He called on labour unions, civil society organisations and Nigerians to prepare to resist any further decline in national security.

NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party

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Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

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Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

Former British Prime Minister Boris Johnson has praised UK Conservative Party leader Kemi Badenoch, describing her as a “future Prime Minister of the United Kingdom” during his visit to Nigeria for the Imo State Economic Summit 2025.

Speaking in Owerri, Imo State, on Thursday, Johnson commended Governor Hope Uzodimma for his efforts to boost economic development and improve security, noting that he felt “perfectly safe” despite earlier warnings about Nigeria’s security situation.

Johnson highlighted the state government’s push to deliver 24-hour electricity, stressing that reliable power and clean, sustainable energy are essential for economic growth as the world moves into an Artificial Intelligence (AI)-driven future.

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He also emphasized the strong historical and economic ties between Nigeria and the United Kingdom, praising the exchange of goods, services, and highly skilled professionals between both countries.

In a humorous remark that sparked applause, Johnson said: “We send you former UK prime ministers, and you send us future UK prime ministers in the form of Kemi Badenoch.”

The summit, attended by Vice President Kashim Shettima, former UN Secretary-General Ban Ki-moon, business mogul Aliko Dangote, and other top government and private-sector leaders, focused on strategies to accelerate Imo State’s economic transformation.

Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria

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