The Socio-Economic Rights and Accountability Project (SERAP) has called on Senate President Godswill Akpabio to direct the Senate’s Public Accounts Committee to fully disclose details of its ongoing probe into alleged missing or unaccounted funds totalling about ₦200 trillion in the Nigerian National Petroleum Company Limited.
In a letter dated March 21 and signed by its Deputy Director, Kolawole Oluwadare, SERAP urged the Senate to publish the names and positions of all officials implicated in the alleged financial irregularities, regardless of status. The organisation also demanded the release of audit reports, financial records, official communications, and full proceedings of the committee, including minutes, submissions, and evidence presented.
SERAP expressed concern over delays in the investigation, noting that repeated postponements and slow progress in reconciling disputed figures risk undermining public confidence and compromising key evidence.
According to the group, the probe covers alleged discrepancies between 2017 and 2023, involving approximately ₦103 trillion in joint venture and operational costs, and about ₦107 trillion in receivables, subsidies, and other obligations.
The organisation stressed that transparency is critical to preventing perceptions of a cover-up or political interference, adding that full disclosure would enable Nigerians to independently assess the credibility of the allegations and the integrity of the investigation.
SERAP warned that failure to act decisively could entrench impunity and weaken citizens’ right to know how national resources are managed. It called on the Senate to set clear timelines for the appearance of implicated officials and the conclusion of the inquiry.
Citing legal backing, the group referenced constitutional provisions mandating accountability and empowering the National Assembly to conduct oversight, as well as international frameworks that uphold transparency in the management of public resources.
The organisation gave the Senate a seven-day deadline to act on its recommendations, warning that legal action may follow if there is no compliance.
