SERAP Gives Tinubu 48Hrs to Reverse Petrol Price Hike, Probe NNPCL

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The Socio-Economic Rights and Accountability Project, SERAP is demanding an immediate reversal of the latest increase in the price of petrol.

The organisation urged President Bola Tinubu to direct the Nigerian National Petroleum Company Limited, NNPCL to immediately reverse the second increase in petrol prices in one month, pending the hearing and determination of the suit before the Federal High Court Abuja, challenging the legality of the powers of the NNPCL to increase petrol prices.

SERAP had last month filed a lawsuit against the president and NNPCL over the failure to reverse the apparently unlawful increase in the pump price of petrol, and to probe the allegations of corruption and mismanagement in the NNPCL.

In an open letter signed by its deputy director Kolawole Oluwadare, SERAP said the latest increase in petrol prices makes a mockery of the case pending before the Federal High Court, and creates a risk that the course of justice will be seriously impeded or prejudiced in this case.

The organisation also said allowing the Federal High Court to hear and determine the case would be entirely consistent with the letter and spirit of the Nigerian Constitution 1999 [as amended].

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