The appointment of Professor Stephen Sinikiem Azaiki, OON, as the Pro-Chancellor and Chairman of the …
Read More »SERAP sues NNPCL for ‘failure to account for ₦211tn in oil money’
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Corporation (NNPCL) for its “failure to explain and account for the ₦211 trillion in oil money recorded in its 2023 audited financial statements as ‘Miscellaneous Receivables’ and ‘Accrued Expenses.’” NNPCL reportedly recorded more than ₦211 trillion (₦211,015,245,000,000) in its 2023 audited financial statements as …
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