SERAP Sues NNPCL Over Failure to Account for ₦211 Trillion Oil Money
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). The suit demands that NNPCL account for an alleged ₦211 trillion in missing oil revenues.
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SERAP sues NNPCL over ‘failure to account for ₦211 trillion’
SERAP is arguing that “disclosure of the information is necessary to promote transparency, prevent corruption, strengthen fiscal accountability and ensure effective public oversight of NNPCL's operations.” The post SERAP sues NNPCL over ‘failure to account for ₦211 trillion’ appeared first on Premium Times Nigeria.
By Press Release
Read full article →SERAP sues NNPCL over ‘failure to account for ₦211trn oil money’
SERAP has filed a lawsuit against NNPCL, demanding accountability for ₦211 trillion in ‘Sundry Receivables’ and ‘Accrued Expenses’ from its 2023 financial Read More: https://punchng.com/serap-sues-nnpcl-over-failure-to-account-for-%e2%82%a6211trn-oil-money/
By Punch Newspapers
Read full article →SERAP sues NNPCL over ‘Failure to Account for ₦211 trillion in Oil Money’
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPCL) over its “failure to explain and account for ₦211 trillion in oil money recorded in its 2023 audited financial statements as ‘Sundry Receivables’ and ‘Accrued Expenses.’” NNPCL reportedly recorded over ₦211 trillion (₦211,015,245,000,000) in its 2023 audited […] The post SERAP sues NNPCL over ‘Failure to Account for ₦211 trillion in Oil Money’ appeared first...
By Nwafor
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