The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for the alleged missing or diverted 22.3 billion naira oil money.
Disclosing this in a statement, SERAP’s Deputy Director, Kolawole Oluwadare, said the suit followed the damning allegations documented in the 2022 audited report by the Auditor-General of the Federation, which was published on 9 September 2025.
The group is seeking “an order of mandamus to direct and compel the NNPCL to account for the alleged missing or diverted oil money.
It also asked the court to “direct and compel the NNPCL to disclose the specific financial transactions carried out in respect of the alleged funds, including details of disbursement, the contractors, and other individuals who collected the money.
SERAP argued that the diverted or misappropriated oil revenues reflect a failure of NNPCL accountability more generally and are directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability.
SERAP is also arguing that, Combating the corruption epidemic in the oil sector would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the government to meet its human rights and anti-corruption obligations.
