General

SERAP wants NNPCL to account for ‘missing $2.04bn, N164bn oil revenues’

SERAP in a statement by its Deputy Director, Kolawole Oluwadare, said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation.

The group urged Kyari to name and shame those responsible for the disappeared oil money, surcharge them for the full amount involved, and hand them over to appropriate anticorruption agencies.

SERAP also urged the NNPCL boss to ensure the full recovery and remittance of the missing funds into the Federation Account without further delay.

The group said without full recovery and remittance of the missing funds, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services.

SERAP expressed concern that despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators.

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