NEWS
SERAP Sues NNPC Over Missing $2.04bn, N164bn Oil Revenues
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.
NEWS
Ekiti Attack: Sowore Tracks Stolen Phones Near Governor’s Office, Demands CCTV Footage
The presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has disclosed that two mobile phones allegedly stolen from members of his team during Friday’s attack in Ado-Ekiti have been traced to locations near the Ekiti State Governor’s Office and Fajuyi Park.
Sowore made the disclosure in a post on X on Sunday, November 1, 2026, while renewing his demand for the release of CCTV footage from Tawakalitu Restaurant, where he and members of his team were attacked on October 30.
According to him, one of the stolen devices was traced to a location directly opposite the office of Governor Biodun Oyebanji, while another was located opposite Fajuyi Park in Ado-Ekiti.
RELATED NEWS: Ekiti Attack: Sowore Demands CCTV Release, Questions Gov’t Ties to Gang Leader
Describing the discoveries as disturbing, Sowore questioned why the Nigeria Police Force and the Department of State Services (DSS) had yet to release the CCTV footage allegedly seized from the restaurant.
“This morning, we tracked two of the devices violently robbed from members of our team during the brutal attack in Ado-Ekiti on Friday, October 30, 2026, and the locations are deeply disturbing,” he wrote.
“One phone was traced to a location directly opposite the office of the Executive Governor of Ekiti State, while our other devices were located opposite Fajuyi Park in Ado-Ekiti,” he added.
The activist subsequently renewed his demand for the release of the surveillance footage, insisting that the recordings from the restaurant should be made public.
“Meanwhile, the Nigeria Police Force and the DSS have yet to release the CCTV footage seized from Tawakalitu Restaurant, where we were attacked.
“RELEASE THE CCTV FOOTAGE NOW!” he demanded.
The latest disclosure follows an attack on Sowore and members of his entourage at Tawakalitu Restaurant in Ado-Ekiti on Friday, shortly after the activist participated in a radio interview in the state.
Sowore had alleged that armed men attacked his team, assaulted some members and dispossessed them of their personal belongings, including mobile phones.
The incident generated controversy after the Ekiti State Police Command initially described it as an altercation involving Sowore and some individuals, while the activist maintained that his team was violently attacked.
The police subsequently announced the arrest of 11 suspects in connection with the incident.
According to the police, operatives of the Rapid Response Squad arrested the suspects at their hideouts in the Atikankan area of Ado-Ekiti at about 10 p.m. on October 30.
Items reportedly recovered during the operation included 13 mobile phones, two walkie-talkies, seven ATM cards, eight international passports, vehicle keys and other belongings.
The police said investigations were ongoing to establish the roles of the suspects and determine their possible involvement in the incident.
Sowore’s latest disclosure has renewed calls for the release of the restaurant’s CCTV footage, which he believes could provide further evidence about the circumstances surrounding the attack.
NEWS
NAF Tests 816 Recruits’ Combat Readiness in Kaduna Bush Camp Exercise
The Nigerian Air Force (NAF) has tested the physical endurance, tactical awareness and military preparedness of 816 newly recruited personnel during an intensive six-day bush camp exercise in Kaduna.
The exercise, codenamed Exercise MUN FARA, was conducted from October 12 to 17, 2026, at the NAF Base Kaduna for trainees of Basic Military Training Course (BMTC) 46/2025.
The training featured demanding military activities, including day and night navigation, patrols, ambushes, attack drills and tent pitching, designed to prepare the recruits for operations under challenging field conditions.
SEE ALSO: Atiku Mourns 25 Killed in NAF Aircraft Crash in Ondo
The exercise culminated in a gruelling 20-kilometre cross-country competition, with Alpha-Jet Squadron emerging overall winner after completing the race in two hours, 33 minutes and seven seconds.
Recruit Mohammed U of MI-35 Squadron finished first in the male category, while Recruit Salihu SO of ATR-42 Squadron emerged winner in the female category.
Commending the recruits for their resilience, discipline and team spirit, the MTC Commandant, Air Commodore AO Akins, said the exercise provided an opportunity to assess their practical application of essential military skills.
He noted that the training tested their knowledge and abilities in fieldcraft, weapon handling and map reading, alongside their capacity to work effectively as a team.
The Air Force said the exercise formed part of its progressive training programme aimed at developing disciplined, confident and mission-ready personnel.
The recruits are expected to proceed to their final bush camp training before completing their military training and commencing service in the Nigerian Air Force.
NEWS
Ekiti Attack: Sowore Demands CCTV Release, Questions Gov’t Ties to Gang Leader
Presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has demanded the release of CCTV footage showing the attack on him and members of his team in Ado-Ekiti, while questioning the alleged relationship between the Ekiti State Government and a suspected gang leader.
Sowore made the demands in a post on X on Sunday, November 1, 2026, while responding to the Ekiti State Government’s October 31 press release on the October 30 attack.
SEE ALSO: Atiku Raises Alarm Over Attacks on Sowore, ADC Governorship Candidate, Accuses APC of Intimidation
He also challenged Governor Biodun Oyebanji to explain an alleged warning issued by his Chief Security Officer, CSP Ayodele Akinlua, hours before the incident.
According to Sowore, Akinlua contacted a member of his team, Moyinoluwa Olowoyo, popularly known as Gigabytes, at approximately 7:30 a.m. on the day of the attack and warned that his safety could not be guaranteed if he proceeded with political activities in the state.
Sowore alleged that more than 100 armed thugs subsequently attacked him and members of his team in broad daylight, leaving several people injured and robbed.
Questioning the circumstances surrounding the warning, he asked:
“Why was the Governor’s Chief Security Officer warning that my safety could not be guaranteed hours before armed thugs descended on us? Who authorized that call? What did the Governor know, and when did he know it?”
The AAC presidential candidate accused the state government of failing to address the circumstances surrounding the attack, arguing that its response focused on questioning his motives rather than condemning the violence.
He also faulted the government’s description of the incident as an ordinary altercation, insisting that the attack involved armed political thugs.
Sowore further questioned the alleged relationship between the Ekiti State Government and Sola Adenijo, popularly known as Solar, whom he identified as the leader of the gang that attacked him and his team.
He alleged that Adenijo was on the state government’s payroll and challenged Governor Oyebanji to disclose whether the individual received payments, contracts, appointments, stipends or other financial benefits from the government, directly or indirectly.
“We challenge Governor Oyebanji and his government to publicly disclose whether Sola Adenijo receives payments, contracts, appointments, stipends, or any other financial benefits from the state government, directly or indirectly,” he stated.
Sowore maintained that a general denial of involvement by the government was insufficient without addressing the specific allegations.
He also demanded the immediate preservation, recovery and public release of CCTV recordings from the restaurant where the incident occurred and surrounding premises.
The activist urged the relevant authorities to secure the complete recordings, preserve the original files and release the footage without alteration, while protecting innocent bystanders.
“Let Nigerians see what happened. Let the footage establish whether this was the so-called ‘altercation’ being promoted by the Police and the State Government or a coordinated attack by armed political thugs,” he said.
Sowore further alleged that security operatives had attempted to remove CCTV recordings and demanded an explanation regarding who took possession of the footage, where it was being kept and why it had not been made public.
He also questioned the activities of security agencies before the attack, alleging that Department of State Services (DSS) operatives had disrupted his political meeting at a restaurant.
According to him, members of his team and security personnel attached to them were assaulted, with some security personnel allegedly disarmed during the incident.
Sowore also referenced a statement by MKD Araoye, lead organiser of the Ikogosi Marathon, announcing a ban on his participation in the event. He alleged that the development further raised questions about possible official involvement in the incident.
The AAC presidential candidate called for an independent and transparent investigation into the roles of the attackers, their alleged sponsors, the governor’s security personnel, the DSS and any police or DSS officers implicated in the incident.
He maintained that the investigation should examine eyewitness accounts, communication records, financial records and CCTV footage.
“The Ekiti State Government cannot investigate itself through press releases, insult the victims into silence, or manufacture an alternative account of an attack that left people injured,” he said.
Sowore insisted that the incident would not deter him from exercising his constitutional rights or participating in political activities.
He also challenged Governor Oyebanji to release the CCTV footage, explain the alleged warning from his Chief Security Officer and disclose the government’s relationship, if any, with Adenijo.





