SERAP Sues NNPCL Over Unaccounted Rebranding Costs
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). SERAP is demanding accountability for an alleged ₦5.9 billion spent on rebranding that remains unexplained.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (37/100)Sources
SERAP sues NNPCL over ‘failure to account for ₦5.9 billion rebranding cost’
SERAP is asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure..." The post SERAP sues NNPCL over ‘failure to account for ₦5.9 billion rebranding cost’ appeared first on Premium Times Nigeria.
By Press Release
Read full article →SERAP sues NNPCL over ₦5.9bn rebranding cost
SERAP has filed a lawsuit against NNPCL, demanding accountability for the alleged ₦5.9 billion spent on rebranding. Get the full details on the suit. Read More: https://punchng.com/serap-sues-nnpcl-over-%e2%82%a65-9bn-rebranding-cost/
By Punch Newspapers
Read full article →SERAP sues NNPCL over ‘failure to account for ₦5.9bn rebranding cost’
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over its failure to account for approximately ₦5.9 billion reportedly spent on the incorporation, transition, and rebranding of NNPC into NNPCL.” The NNPC reportedly paid N2.9 billion for incorporation expenses from petroleum product proceeds, while the […] The post SERAP sues NNPCL over ‘failure to account for ₦5.9bn rebranding cost’ appeared first...
By Nwafor
Read full article →Coverage Timeline
Related Stories
Trump Considers Military Action Against Iran Amid Hormuz Blockade Discussions; UK Declines to Join
just now
Philippine Lawmaker Proposes Expanded Paternity Leave
just now
Eastern Visayas Transport Workers Receive Fuel Price Aid
just now
PNP Chief Emphasizes Student Safety Amid Drowning Investigation
just now