SERAP threatens to sue Buhari for allegedly shielding oil theft perpetrators  – Newstrends
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SERAP threatens to sue Buhari for allegedly shielding oil theft perpetrators 

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Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to immediately put in motion steps to expose those behind oil theft in Nigeria.

The group in a letter addressed to the President threatened to sue Buhari if he failed to publish names of such economic saboteurs.

SERAP specifically urged the President “promptly set up a presidential panel of enquiry to thoroughly, impartially, and transparently investigate the operations of illegal oil pipelines from 2001 to date, and to widely publish the names of anyone suspected to be involved.”

It said Buhari should “ensure the prosecution by appropriate anti-corruption agencies of anyone suspected to be responsible for the plundering of the country’s oil wealth and the full recovery of any proceeds of crime.”

SERAP’s letter followed the recent reports that two illegal pipelines used to steal the country’s oil wealth from Forcados Terminal, and connected to the 48-inch Trans Forcados Export Trunk line, had been uncovered.

The open letter was dated October 15, 2022 and signed by SERAP Deputy Director Kolawole Oluwadare.

The organisation said, “Poor and socio-economically vulnerable Nigerians have continued to pay the price for the stealing of the country’s oil wealth apparently by both state and non-state actors.”

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SERAP said, “Your government has a legal obligation to ensure that the country’s oil wealth is used solely for the benefit of the Nigerian people, and that the wealth does not end up in private pockets, for the sake of the present and future generations.”

The letter read in part, “Despite the country’s substantial oil wealth, successive governments have largely squandered the opportunity to use the wealth to improve the lives and well-being of ordinary Nigerians. This is a clear violation of the government’s anti-corruption and human rights obligations.

“We would be grateful if the recommended measures are taken within 14 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request in the public interest.

“SERAP urges you to consider referring the reports to the prosecutor of the International Criminal Court [ICC] to investigate whether the allegations of oil theft in the country amount to crimes against humanity within the jurisdiction of the ICC, and to surrender all suspected perpetrators for trial by the ICC.

“SERAP is concerned that the illegal pipelines have been operated for many years without notice, implying a flagrant violation of constitutional and international obligations to ensure the proper, effective and efficient management of the country’s wealth and natural resources.

“It is in the public interest to promptly investigate the discovery of the illegal pipelines, publish the names of those suspected to be involved, and ensure that they are brought to justice, and that any proceeds of crime are fully recovered.

“Taking these steps would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition and improve public confidence in the fight against corruption and related crimes, especially in the oil sector.”

“As the President and Minister of Petroleum Resources, you and your government have a legal responsibility to ensure accountability for these human rights crimes, and end the culture of impunity, which is fuelling the stealing of the country’s oil wealth.

“The proposed presidential panel of enquiry should be headed by a retired justice of the Supreme Court or Court of Appeal, and its members should include people with proven professional record and of the highest integrity that can act impartially, independently, and transparently.

“The plundering of the country’s oil wealth has resulted in the downward trend in revenue and increasing level of borrowing, with reports of a projected N11.30 trillion deficit budget for 2023.

“SERAP is concerned that the unaddressed plundering of the country’s oil wealth has for many years contributed to shrinking revenue, chronic underfunding of public goods and services such as education, health, and access to safe drinking water, recurring budget deficits, growing level of borrowing, and unsustainable debt profile.

“According to our information, security agencies recently reportedly uncovered an illegal pipeline used to steal the country’s oil wealth for nine years from Forcados Terminal.

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“Another illegal pipeline connected to the 48-inch Trans Forcados Export Trunk line, at the rear of a military security post in Burutu Local Government Area, Delta State has reportedly been discovered.

“The discovery of the second illegal pipeline followed the recent destruction by security agents of a vessel allegedly used for crude oil theft off the Niger Delta creeks. About 58 illegal oil points have reportedly so far been discovered.

“Section 15 subsection (5) of the Constitution requires your government to abolish all corrupt practices and abuse of power.

“The UN Convention against Corruption and the African Union Convention on Preventing and Combating Corruption to which Nigeria is a state party obligate your government to effectively prevent and investigate acts of corruption and hold public officials and non-state actors to account for any violations.

“Specifically, article 26 of the UN convention requires your government to ensure “effective, proportionate and dissuasive sanctions” including criminal and non-criminal sanctions, in cases of grand corruption.

“Article 26 complements the more general requirement of article 30, paragraph 1, that sanctions must take into account the gravity of the corruption allegations.

“According to a Nigeria Extractive Industries Transparency Initiative (NEITI) audit report, 160 million barrels of crude oil valued at $13.7 billion, was stolen in four years (2009-2012). There is also report of $17 billion debt of under-declared crude oil lifted by some international oil companies (IOCs) between 2011 and 2014.

“According to reports, Nigeria has seen increased oil theft in recent years. The country loses 470,000 barrels of crude oil monthly amounting to $700 million to oil theft.

“The country has reportedly lost $10 billion to crude oil theft in seven months, which is stated to be more than 50 per cent of Nigeria’s external reserves. The Chatham House, a think-tank based in the United Kingdom has noted that oil theft in Nigeria is ‘on an industrial scale.’”

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Trump Adds Nigeria to List of Countries Facing US Entry Restrictions Over Security Concerns

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U.S President Donald Trump

Trump Adds Nigeria to List of Countries Facing US Entry Restrictions Over Security Concerns

President Donald Trump on Tuesday signed a Proclamation further restricting entry to the United States for nationals from countries identified as high-risk due to “persistent and severe deficiencies in screening, vetting, and information-sharing” that threaten U.S. national security and public safety. Nigeria is now included among 15 additional countries newly subject to partial travel restrictions.

The announcement, published on the White House website in a fact sheet titled “President Donald J. Trump Further Restricts and Limits the Entry of Foreign Nationals to Protect the Security of the United States”, outlines the rationale for the move. It comes after Trump previously declared Nigeria a “country of particular concern” on October 31, 2025, citing alleged persecution of Christians.

The Proclamation maintains full restrictions on nationals from the original 12 high-risk countries—Afghanistan, Burma, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen—and adds five more: Burkina Faso, Mali, Niger, South Sudan, and Syria. Countries previously under partial restrictions, Laos and Sierra Leone, now face full restrictions.

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The 15 newly restricted countries, including Nigeria, Angola, Senegal, Tanzania, Benin, The Gambia, Malawi, Mauritania, Zambia, and Zimbabwe, are subject to partial limitations, with exceptions for lawful permanent residents, visa holders, diplomats, athletes, and individuals serving U.S. national interests. Case-by-case waivers remain possible.

The White House fact sheet emphasized that the measure is aimed at preventing the entry of foreign nationals for whom the U.S. lacks sufficient information to assess security risks, ensure cooperation from foreign governments, enforce immigration laws, and support national security and counterterrorism objectives.

Trump was quoted saying, “It is the President’s duty to take action to ensure that those seeking to enter our country will not harm the American people.” The proclamation reflects ongoing efforts to restore travel restrictions on countries deemed a threat to American security and encourage compliance with vetting standards.

The fact sheet also highlighted specific challenges, including fraudulent or unreliable civil documents, high visa-overstay rates, terrorist activity, and non-cooperation with U.S. authorities, as reasons for country-specific restrictions. Meanwhile, Turkmenistan, previously restricted, has improved cooperation, resulting in partial lifting of its visa ban.

This latest travel restriction Proclamation underscores the Trump administration’s focus on border security, national safety, and stringent immigration vetting.

Trump Adds Nigeria to List of Countries Facing US Entry Restrictions Over Security Concerns

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Revealed: Why Buhari Withheld Support for Osinbajo’s Presidential Bid

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Yemi Osinbajo and Muhammadu Buhari

Revealed: Why Buhari Withheld Support for Osinbajo’s Presidential Bid

Fresh insights from a new biography reveal why former President Muhammadu Buhari did not support the presidential ambition of his former Vice President Prof. Yemi Osinbajo. The disclosure sheds light on the dynamics of the 2022 All Progressives Congress (APC) presidential race and Buhari’s silence during the contest.

According to the book, From Soldier to Statesman: The Legacy of Muhammadu Buhari, written by Dr. Charles Omole, Buhari reportedly declined to back Osinbajo because he had no personal relationship with him. The former president was quoted as saying, “I don’t know Osinbajo from anywhere, I met him only through President Bola Ahmed Tinubu.”

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The biography notes that Buhari was also reportedly surprised by Osinbajo’s decision to contest against Tinubu during the APC presidential primaries, which Tinubu eventually won to become the party’s candidate.

Osinbajo is widely seen as a political protégé of Tinubu, having served as Attorney General and Commissioner for Justice in Lagos State during Tinubu’s governorship. He later became Buhari’s running mate in the 2015 general election, forming an eight-year federal administration.

Despite their years in government together, Buhari’s remarks suggest that his relationship with Osinbajo remained largely formal and politically arranged, rather than personal, explaining his decision to withhold support during the 2022 APC presidential contest.

The biography, recently presented at the Presidential Villa, offers a deeper look into Buhari’s political relationships and decision-making during his tenure and beyond.

Revealed: Why Buhari Withheld Support for Osinbajo’s Presidential Bid

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Senate Backs ₦54.46trn 2026 Budget, Cuts Oil Price Benchmark to $60

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Senate Backs ₦54.46trn 2026 Budget, Cuts Oil Price Benchmark to $60

The stage is set for President Bola Ahmed Tinubu to present the 2026 Federal Government budget following the Senate’s approval of the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).

The Senate, during plenary, approved a total ₦54.46 trillion 2026 budget, endorsing key fiscal and macroeconomic parameters despite concerns over a massive revenue shortfall recorded in 2025.

Under the approved framework, capital expenditure was pegged at ₦20.131 trillion, recurrent expenditure at ₦15.265 trillion, statutory transfers at ₦3.152 trillion, and Sinking Fund at ₦388.54 billion.

Lawmakers also approved an oil price benchmark of $60 per barrel, revised downward from the executive’s proposed $64.85, alongside projected aggregate revenue of ₦34.33 trillion, a fiscal deficit of ₦20.13 trillion, borrowings of ₦17.88 trillion, and debt service obligations of ₦15.52 trillion.

Other approved assumptions include crude oil production of 1.84 million barrels per day, inflation rate of 16.5 per cent, exchange rate of ₦1,512 to the dollar, and GDP growth rate of 4.68 per cent for 2026.

The approval followed the consideration of a report presented by the Chairman of the Senate Committee on Finance, Senator Mohammed Sani Musa (APC, Niger East). The committee recommended downward adjustments to oil price benchmarks in response to global geopolitical tensions and volatility in the international oil market.

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The Senate also sustained projections for crude oil output, exchange rates and inflation for 2026–2028, citing the Central Bank of Nigeria’s stabilisation policies and ongoing economic reforms. Lawmakers expressed optimism that tax reforms would drive economic growth and improve revenue performance.

The committee further urged the Federal Government to implement a National Scanning Policy under the National Single Window of the Nigeria Revenue Service (NRS) to boost revenue assurance, reduce leakages, enhance transparency and strengthen national security.

Meanwhile, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed that the Federal Government recorded a significant revenue shortfall in 2025, with actual inflows estimated at ₦10.7 trillion against a projected ₦40.8 trillion.

Speaking before the House of Representatives Committees on Finance and National Planning, Edun attributed the shortfall largely to weak oil and gas revenues, especially Petroleum Profit Tax (PPT) and Company Income Tax (CIT) from oil companies.

Despite the revenue gap, Edun said the government met key obligations, including salaries, statutory transfers, and debt servicing, through prudent treasury management.

He cautioned against rigid expenditure commitments tied to oil revenue projections, urging flexibility in spending plans amid recurring revenue underperformance.

Also speaking, Minister of Budget and National Planning, Atiku Bagudu, said the MTEF/FSP emerged from broad consultations and balanced conservative revenue assumptions with ambitious targets aimed at improving agency performance.

Chairman of the House Committee on Finance, James Faleke, stressed the need for critical scrutiny to prevent bloated budgets and ensure fiscal decisions that would move Nigeria’s economy forward.

Senate Backs ₦54.46trn 2026 Budget, Cuts Oil Price Benchmark to $60

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