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SERAP Sues NNPC Over Missing $2.04bn, N164bn Oil Revenues

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The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPC Ltd) over alleged missing USD$2.04 billion and N164 billion oil revenues.

According to the SERAP, the suit followed allegations documented in the recently published 2020 audited report by the Auditor General of the Federation that the NNPC Ltd failed to remit the money into the Federation Account.

A statement from the SERAP over the weekend has it that that the money may have been diverted.

In the suit number FHC/ABJ/CS/549/2024 filed last Friday at the Federal High Court in Abuja, SERAP is seeking: “an order of mandamus to direct and compel the NNPC to account for and explain the whereabouts of the missing USD$2.04 billion and N164 billion oil revenues, as documented in report by the Auditor-General.”

The SERAP is seeking: “an order of mandamus to compel the NNPC to hand over suspected perpetrators to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution.”

The anti-corruption crusader is also seeking: “an order of mandamus to compel the NNPC to ensure the full recovery and remittance of the missing USD$2.04 billion and N164 billion into the Federation Account.”

In the suit, the SERAP is arguing that: “There is a legitimate public interest in providing the details sought. The NNPC has a legal responsibility to account for and explain the whereabouts of the disappeared money.

“The missing oil revenues have further damaged the already precarious economy in the country and contributed to high levels of deficit spending by the government.

“Without the full recovery and remittance of the missing USD$2.04 billion and N164 billion oil revenues, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services.”

According to the SERAP, “the Auditor-General has for many years documented reports of disappearance of public funds from the NNPC. Nigerians continue to bear the brunt of these missing oil revenues.”

The suit was filed on behalf of the SERAP by its lawyers, Kolawole Oluwadare and Kehinde Oyewumi, read in part: “The alleged missing oil revenues reflect a failure of NNPCL accountability more generally and are directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability.

“The failure by the NNPC to account for and explain the whereabouts of the disappeared money is a grave violation of the provisions of the Nigerian Constitution 1999 [as amended], the Freedom of Information Act, national anticorruption laws, and the country’s obligations under the UN Convention against Corruption.

“Had the NNPCL and its subsidiaries accounted for and remitted the disappeared public funds into the Federation Account, it is likely that more funds would have been allocated to the fulfillment of economic and social rights of Nigerians, such as increased spending on public goods and services.

“The missing oil revenues have also impeded Nigerians’ ability to enjoy their economic and social rights, and denied them access to essential public goods and services, especially at the time of cost of living crisis in the country.

“Nigerians have the right to know the whereabouts of the disappeared oil money. Ensuring transparency and accountability in the management of oil revenues would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.

“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the NNPC failed to remit over USD$2 billion and N164 billion oil revenues into the Federation Account.

“The Auditor-General fears that the money may have been diverted into private pockets, denying the government the funding needed to carry out its activities.

“The NNPCL reportedly failed and/or refused to remit N151,121,999,966. The NNPCL without any justification deducted the money from the oil royalties assessed for 2020 by the Department of Petroleum Resources (DPR) now Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

“The NNPCL has failed to account for the missing public funds. The Auditor-General wants the money recovered and remitted into the Federation Account.

“The NNPCL also failed to remit USD$19,774,488.15 collected as government revenue into the Federation Account. The Auditor-General wants the NNPCL to account for the money, recover and remit it into the Federation Account, and to hand over those suspected to be involved to the ICPC and the EFCC.

“The NNPCL also reportedly failed to account for USD$2,021,411,877.47 and N13,313,565,786.49 of royalties collected from crude oil and gas sales and gas flare.

“The Auditor-General wants the public funds fully recovered and remitted into the Federation Account and for those suspected to be responsible for the missing public funds to be handed over to the ICPC and the EFCC.

“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.

“SERAP notes that Section 15(5) of the Nigerian Constitution 1999 (as amended) requires public institutions to abolish all corrupt practices and abuse of power.

“Section 16(2) of the Nigerian Constitution further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’

“Section 13 of the Nigerian Constitution 1999 [as amended] imposes clear responsibility on the NNPCL to conform to, observe and apply the provisions of Chapter 2 of the constitution.

“Paragraph 3112(ii) of the he Financial Regulations 2009 provides that, ‘Where a public officer fails to account for government revenue, such officer shall be surcharged for the full amount involved and such officer shall be handled over to either the Economic and Financial Crimes Commission (EFCC) or the Independent Corrupt Practices and Other Related Offences Commission (ICPC).’

“Nigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources. Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the NNPCL to ensure proper management of public affairs and public funds. These commitments ought to be fully upheld and respected.”

No date has been fixed for the hearing of the suit.

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Dangote, CNN Seal Multi-Year Partnership, Launch New ‘Africa Inc.’ Show

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Dangote Industries Limited and CNN International Commercial (CNNIC) have entered into a multi-year global partnership to showcase African businesses, innovation and industrial development to audiences around the world.

A key part of the partnership is Dangote’s sponsorship of Africa Inc., a new half-hour programme on CNN International that will highlight African companies competing and expanding on the global stage.

SEE ALSO: Tanzania Eyes Expanded Dangote Investments in Fertiliser, Energy, Infrastructure

Hosted by Adefemi Akinsanya, Africa Inc. will examine businesses across sectors including technology, hospitality, manufacturing and entertainment, while exploring Africa’s growing influence on global commerce, innovation and consumer trends.

The programme is scheduled to premiere on CNN International on August 29, 2026, with four additional episodes planned for the remainder of 2026 and into 2027.

Bespoke Africa Inc. segments will also air every two months on CNN International, supported by digital and social media content.

The partnership will further feature branded content produced by CNNIC’s in-house studio, Create, under the Africa First series.

The series will focus on Africa’s drive towards energy independence and economic transformation through films, data-driven articles and social media content highlighting the continent’s industrial development.

Dangote Industries will be featured as one example of Africa’s industrial transformation.

The campaign will run across CNN International, CNN.com and CNN Arabic, as well as CNN Business platforms on Facebook, Instagram and LinkedIn. The Africa First content will also feature across CNN’s US television and digital platforms.

Beyond television and digital media, Dangote Industries will sponsor three editions of CNN’s new Global Perspectives events franchise over the next 12 months.

CNN International Commercial Senior Vice President for Advertising Sales, Cathy Ibal, said the partnership would help bring stories of African innovation, resilience and leadership to CNN’s international audience.

“We are pleased to once again be working with Dangote Industries Limited to tell the stories of a self-sufficient Africa,” Ibal said.

Dangote Industries Group Chief Branding and Communications Officer, Anthony Chiejina, said the collaboration was part of the conglomerate’s global brand positioning strategy.

He added that the partnership would provide a platform to showcase Dangote Industries’ Vision 2030 economic blueprint and industrialisation drive to a global audience.

The Africa First branded content is expected to launch this week, ahead of the August 29 premiere of Africa Inc. on CNN International.

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NEWS

How Twins Got Jobs at NNPC Ltd in 2026

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One distinguishing factor of the recruits of the NNPC Tigers Class of 2026, is the emergence of identical twin brothers, Hussaini and Hassan Malami, among them, as both secured positions at the Nigerian National Petroleum Company Limited (NNPC Ltd).

The brothers’ recruitment has also challenged a common misconception that the NNPC Ltd does not employ more than one person from the same family.

Hussaini had always desired a career at the NNPC Ltd and applied immediately when the recruitment opened. He then encouraged Hassan, his twin brother to submit an application.

Hassan, however, was initially reluctant because he believed the NNPC Ltd only hired one person per family and did not want to interfere with his brother’s ambition.

READ ALSO: Nigeria’s Energy Security Depends on Pipeline Protection

His own career aspiration was to join the Nigerian Air Force (NAF). He already worked in the banking sector and had not considered a corporate career.

His doubts were also influenced by the experience of three older siblings — a lawyer, an engineer and a business administrator — who had previously applied to the NNPC Ltd without success.

Hassan eventually applied close to the deadline following repeated encouragement from his twin.

The brothers sat for the computer-based test on the same day but in different locations, with Hussaini taking his test in Sokoto and Hassan in Kaduna.

After going through the recruitment process, including interviews, both brothers received employment letters on the same day.

“I opened the email after midnight and wanted to wake everybody up to tell them,” Hussaini laughed.

Hassan discovered the news after seeing it on the family WhatsApp group when he woke up.

He said Hussaini’s success made him nervous about his own chances.

“I was now nervous about the possibility of not being successful once Hussaini shared his news.”

Both brothers eventually secured positions at the state oil major.

Hussaini now works with the NNPC Exploration & Production Limited (NNPC E&P Limited), while Hassan is with the NNPC Gas Infrastructure Company (NGIC).

For Hassan, his new position has provided an opportunity to gain a deeper understanding of Nigeria’s gas industry.

“I didn’t know there was a whole business dedicated to transporting gas,” Hassan said. “Now I’ve seen how gas powers plants and manufacturing companies…. Hearing that gas is the future is one thing. Seeing how it is happening is another.”

Although Hassan had initially been uninterested in a corporate career, he now considers his work at the NNPC Ltd another way of serving Nigeria.

He still hopes to explore military service before reaching the age limit in 2030.

Hussaini, meanwhile, said his experience has strengthened his long-standing ambition to contribute to society. He also hopes to return to his university as a guest lecturer and share his professional experience with students.

“When I was in university, I only had one lecturer with field experience,” he said. “I want to share practical experience with students someday.”

Asked which of the NNPC Ltd’s culture transformation pillar best reflects his mindset, Hussaini selected Enterprise First.

He explained his choice by saying that “giving your best to the company is giving your best to the country.”

Hassan identified with Execution Excellence, drawing from his background as a civil engineer.

“I’m a civil engineer…. I like seeing things come to life from concept to completion.”

The twins also urged young Nigerians interested in joining the NNPC Ltd not to be discouraged by rumours about the recruitment process.

“Ignore the rumours. You don’t need to know anybody at NNPC. Apply. Take the test and earn your place.”

Their story demonstrates that being from the same family does not prevent multiple candidates from securing opportunities at the NNPC Ltd, provided they meet the requirements and successfully navigate the recruitment process.

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How Nigerian Twins Defied Recruitment Rumours to Secure NNPC Jobs

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Identical Nigerian twins, Hussaini and Hassan Malami, have secured employment with the Nigerian National Petroleum Company Limited as members of the NNPC Tigers Class of 2026, after overcoming a misconception about the company’s recruitment process.

Their inspiring story was contained in a profile by Adaobi Oniwinde, Senior Communications Advisor at NNPC Limited, on Monday.

Hussaini, who had always aspired to work with NNPC, applied when the company opened its recruitment exercise and encouraged his twin brother, Hassan, to do the same.

SEE ALSO: NNPC Ltd Considers Commissioning, as AKK Gas Pipeline Lands Abuja

Hassan initially hesitated because he believed NNPC recruited only one person from a family. Concerned that applying could jeopardise his brother’s chances, he decided against it at first.

He was also more interested in joining the Nigerian Air Force and already had a job in the banking sector.

However, with the application deadline approaching and following persistent encouragement from Hussaini, Hassan eventually applied.

The brothers later took the computer-based recruitment test on the same day but at different locations, with Hussaini sitting for his test in Sokoto and Hassan taking his in Kaduna.

After going through interviews and other stages of the recruitment process, both brothers received employment letters on the same day.

Hussaini said he discovered his employment offer after midnight and was eager to share the news with his family.

“I opened the email after midnight and wanted to wake everybody up to tell them,” he said.

Hassan said he learnt about his successful application through the family WhatsApp group when he woke up.

“That’s when the pressure hit me. I was now nervous about the possibility of not being successful once Hussaini shared his news,” he said.

The twins eventually secured positions in different NNPC subsidiaries. Hussaini joined NNPC Exploration & Production Limited, while Hassan joined NNPC Gas Infrastructure Company.

For Hassan, the new job has exposed him to aspects of Nigeria’s gas industry that were previously unfamiliar to him.

“I didn’t know there was a whole business dedicated to transporting gas,” he said, explaining that his experience had given him a clearer understanding of how gas powers plants and supports manufacturing companies.

Although Hassan had initially hoped to pursue a career in the military, he now considers his role in the energy sector another form of national service.

He also said he still hoped to explore military service before reaching the age limit in 2030.

Hussaini, on his part, said working at NNPC had strengthened his desire to contribute to the development of Nigeria’s energy sector.

He also expressed interest in becoming a guest lecturer at his university in the future, saying he wanted to share practical industry experience with students.

“When I was in university, I only had one lecturer with field experience,” he said. “I want to share practical experience with students someday.”

The brothers also identified different NNPC culture transformation pillars that reflected their individual approaches to work.

Hussaini chose “Enterprise First,” saying, “Giving your best to the company is giving your best to the country.”

Hassan, a civil engineer, selected “Execution Excellence,” explaining, “I’m a civil engineer. I like seeing things come to life from concept to completion.”

The twins urged young Nigerians interested in working with NNPC to ignore rumours about the recruitment process and apply whenever opportunities arise.

“You don’t need to know anybody at NNPC. Apply. Take the test and earn your place,” they said.

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