By By Elizabeth Ugbo
The Socio-Economic Rights and Accountability Project (SERAP) has asked Senate President Godswill Akpabio to ensure full transparency in the investigation of an alleged ₦210 trillion discrepancy involving the Nigerian National Petroleum Company Limited. The call came on March 21, 2026, in Abuja. SERAP wants the Senate to publish all records, timelines, and names of officials involved. The group insists transparency will help Nigerians understand the claims and trust the process.
SERAP Raises Concerns Over Missing Funds
SERAP questioned the credibility of the allegations without open disclosure. The group stressed that transparency would prevent suspicions of cover-ups. It also warned against political compromise and selective accountability.
Moreover, SERAP urged the Senate to release audit reports and financial records. It also requested official communications and timelines for hearings. According to the group, public access will allow Nigerians to assess the investigation properly.
Senate Committee Probes NNPCL Accounts
The Senate Public Accounts Committee is currently examining NNPCL records from 2017 to 2023. The probe covers about ₦103 trillion in joint venture and operational costs. It also includes roughly ₦107 trillion in receivables and subsidy-related obligations.
However, audit reports revealed major discrepancies. Investigators found unreconciled figures and missing documents. These findings triggered the summons of current and former NNPCL officials.
Officials Fail to Appear Before Committee
Several invited officials have not appeared before the committee. Others failed to provide clear explanations. This situation has raised serious concerns about accountability.
As a result, many Nigerians now question how the country manages its natural resources. SERAP believes this lack of cooperation weakens public trust.
SERAP Issues 7-Day Ultimatum
SERAP has given the Senate a seven-day deadline to act. The group warned it would take legal action if the Senate fails to comply. It aims to compel full disclosure through the courts if necessary.
Furthermore, SERAP emphasized the need for timely investigations. Delays, it said, could destroy evidence and encourage impunity.
Call for Accountability and Public Access
SERAP demanded the publication of all implicated officials’ names and positions. It also asked for full records of proceedings, including submissions and evidence.
According to the organisation, transparency will protect Nigeria’s economy. It will also strengthen the rule of law and rebuild public confidence.
