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SERAP Sues Tinubu Over Petrol Price Hike, Demands Probe Of NNPCL

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The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against President Bola Tinubu for failing to order the Nigerian National Petroleum Company Limited (NNPCL) to reverse the controversial petrol price increase.

The organization is also calling for an investigation into allegations of corruption and mismanagement within the NNPCL.

SERAP Deputy Director, Kolawole Oluwadare disclosed this in a statement released on Sunday.

Read Also: NNPC Limited fixes minimum petrol price @ N950 a liter

The lawsuit, filed last Friday at the Federal High Court in Abuja (FHC/ABJ/CS/1361/2024), lists the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, along with the NNPCL, as respondents.

SERAP is urging the court to mandate Tinubu to direct the NNPCL to revert the petrol price from N845 to N600 per litre, labeling the hike as “unjust, illegal, unconstitutional, and unreasonable.”

Additionally, SERAP is asking the court to compel the president to investigate the alleged corruption in the NNPCL.

This includes probing how the company spent $300 million in bailout funds from the government in August 2024 and the NNPCL’s $6 billion debt to suppliers, amid claims of its failure to remit oil revenues to the national treasury.

In its argument, SERAP states that the price hike is worsening the already dire economic conditions in Nigeria, pushing more people into poverty.

It contends that holding the NNPCL accountable for mismanagement would benefit public interest and fulfill Nigeria’s obligations under its constitution and international human rights laws.

The legal filing, prepared by SERAP’s lawyer Ebun-Olu Adegboruwa, SAN, argues that the petrol price increase violates constitutional rights and undermines basic human dignity.

It reads in part, “The increase in petrol price constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations.

“Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support the operations of the NNPC have resulted in persistent and unlawful hike in petrol prices.

“Increasing petrol prices at a time when millions of Nigerians continue to face worsening economic conditions is entirely inconsistent with constitutional and international obligations to ensure the minimum living conditions compatible with human dignity.

“The arbitrary increase has placed a disproportionate burden on the marginalized and most vulnerable sectors of society, particularly those disadvantaged by poverty.

“The increase is seriously jeopardizing their living conditions, as well as individuals’ physical, emotional, and individual development, and intensifying and worsening socioeconomic conditions in the country.

“The increase constitutes a serious human rights problem because of the intensity with which it undermines the enjoyment and exercise by Nigerians of their human rights and renders their civic participation illusory.

“The fundamental right to life includes not only the right of every Nigerian not to be deprived of his/her life arbitrarily, but also the right that he/she will not be prevented from having access to the conditions that guarantee a dignified existence.

“The growing poverty and inequality in the country has continued to adversely affect the right of Nigerians to participatory democracy, and impede their ability to participate in their own government.

“Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the oil sector. The increase in petrol price has rendered already impoverished citizens incapable of satisfying their minimum needs for survival.

“The increase is not inevitable, as it stems from the persistent failure of successive governments to address the allegations of corruption and mismanagement in the oil sector and the impunity of suspected perpetrators.

“Persistent increase in petrol prices keep people in poverty which in turn perpetuates discriminatory attitudes and practices against them.

“The government has a legal obligation to mobilize the maximum of the country’s available resources to ensure people’s socio-economic rights and to protect the most vulnerable and disadvantaged Nigerians.

“The government also has the legal obligations to probe and prosecute allegations of corruption and mismanagement in the NNPC, and to ensure access to justice and effective remedies for victims of corruption.

“Investigating and prosecuting the allegations of corruption and mismanagement in the oil sector would be entirely consistent with the Nigerian Constitution 1999 [as amended], and the country’s international anti-corruption obligations.

“Section 13 of the Nigerian Constitution imposes clear responsibility on the government to conform to, observe and apply the provisions of Chapter 2 of the constitution. Section 15(5) imposes the responsibility on the government to ‘abolish all corrupt practices’ including in the NNPC.

“Under Section 16(1) of the Constitution, the government has a responsibility to ‘secure the maximum welfare, freedom and happiness of every citizen on the basis of social justice and equality of status and opportunity.’

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

“According to our information, the Nigerian National Petroleum Company (NNPC) Limited recently increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.

“The price of the product increased to N855 per litre, from about N600, and in some instances above N900 per litre. The apparently unlawful increase in petrol price followed a scarcity caused by the reported refusal by suppliers to import petroleum products for the NNPCL over a $6 billion debt.

“The NNPC allegedly failed to remit USD$2.04 billion and N164 billion of oil revenues into the public treasury, as documented in the recently published 2020 annual report by the Auditor-General of the Federation.” it added

A hearing date for the suit has not yet been scheduled.

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No More Khaki! FG Unveils Adire as New NYSC Uniform

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Gombe NYSC Prioritises Safety of Corps Members

The Federal Government has announced that the National Youth Service Corps (NYSC) will replace its iconic khaki uniform with locally produced Adire fabric as part of a sweeping reform aimed at repositioning the scheme and promoting indigenous industries.

Minister of Youth Development, Ayodele Olawande, disclosed the development during an appearance on Channels Television’s The Morning Brief on Thursday.

According to the minister, the adoption of Adire is intended to strengthen Nigeria’s textile industry by ensuring government spending supports local manufacturers.

ALSO READ: FG Approves Biggest NYSC Overhaul in 53 Years, Introduces Civilian Leadership, New Uniform

“It’s Adire. Adire is being produced in Nigeria. We have them in Ogun, we have them in Kwara, we have the textile industry. Let’s put our money back into the country,” Olawande said.

The minister also revealed that the ongoing restructuring of the NYSC would see corps members posted based on their academic qualifications and professional backgrounds.

Under the new arrangement, graduates with education-related qualifications will be deployed to schools, while others will be assigned to sectors that align with their areas of study to improve productivity and national development.

Addressing security concerns, Olawande said the Federal Government is considering posting prospective corps members to regions where they studied or are familiar with, particularly in areas facing security challenges.

He noted that the move would reduce concerns among parents and corps members while making deployments more practical.

He further dismissed reports suggesting the military would be removed from the NYSC, describing such claims as a misconception.

According to him, while the scheme’s operational leadership will become civilian-led, the military will continue to play a key role in providing security and supporting the orientation programme.

The reforms follow the Federal Executive Council’s approval of a comprehensive overhaul of the 53-year-old NYSC scheme.

As part of the process, the Attorney-General of the Federation and the Ministry of Youth Development have been directed to amend the NYSC Act and relevant regulations to facilitate the implementation of the reforms.

The Federal Government said the changes are designed to transform the NYSC into a skills-oriented, productivity-driven and youth empowerment institution that supports its vision of building a $1 trillion economy.

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Nigeria Lands Fresh $1.25bn World Bank Loan to Drive Jobs, Reforms

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World Bank deploys $114.9 to finance global crises in 2022

Nigeria has secured a fresh $1.25 billion financing package from the World Bank to support ongoing economic reforms, boost private sector investment and create more jobs across the country.

The funding was approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme and forms part of the World Bank’s Country Partnership Framework (CPF) for Nigeria, which will run from 2026 to 2032.

ALSO READ: Dangote Champions Infrastructure, Job Creation as Catalysts for Africa’s Economic Growth at IMF/World Bank Meetings

According to the World Bank, the financing is designed to help Nigeria remove barriers to private investment, improve the business environment and lay the foundation for faster, more inclusive economic growth.

The programme will support reforms across critical sectors, including the capital market, digital economy, power sector, agriculture, trade liberalisation under the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA), as well as domestic revenue mobilisation.

The global financial institution said the initiative is expected to expand electricity access to about 32 million Nigerians, provide broadband connectivity for 58 million people, improve health and nutrition services for 40 million citizens, and support approximately 9.5 million farmers.

The World Bank added that its six-year Country Partnership Framework is focused on mobilising private capital, strengthening economic resilience and creating productive jobs while supporting investments in infrastructure, digital connectivity, human capital and agricultural productivity.

Speaking on the approval, World Bank Country Director for Nigeria, Mathew Verghis, said the framework builds on Nigeria’s recent macroeconomic reforms, which have contributed to stronger economic growth, improved public revenues and renewed investor confidence.

He stressed that sustaining the reform agenda would be crucial to unlocking the country’s full economic potential and creating more opportunities for millions of Nigerians.

The latest financing package is expected to complement the Federal Government’s efforts to accelerate economic reforms, attract investment and promote long-term, private sector-led growth.

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BREAKING: Gunmen Launch Fresh Attack on NIPSS

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Security operatives at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State, have successfully repelled another attack by suspected gunmen, killing one of the assailants during a fierce exchange of gunfire.

The incident occurred around 11 p.m. on Wednesday when the armed men reportedly attempted to breach the institute’s security perimeter.

However, security personnel swiftly responded, engaging the attackers in a gun battle that forced them to retreat.

SEE ALSO: Gunmen Kill Ex-Ogun State Broadcaster, Security Guard in Early Morning Attack

In a statement issued on Thursday by the institute’s Head of Public Affairs, Dr. Osime Samuel, NIPSS confirmed that one of the suspected attackers was neutralised, while several others escaped with varying degrees of injuries.

The institute said the attackers failed to gain access to its premises, assuring that participants of the Senior Executive Course, staff, residents, and facilities remained safe throughout the incident.

According to the statement, security agencies have intensified efforts to track down the fleeing suspects while strengthening surveillance and other proactive security measures within and around the institution.

NIPSS reaffirmed that the safety of lives and property remains its top priority and commended the prompt response and professionalism displayed by security operatives during the attack.

The institute also urged members of the public to disregard misinformation capable of causing unnecessary panic.

The latest assault comes just weeks after another failed attempt by gunmen to infiltrate the prestigious policy institute, raising fresh concerns over recurring security threats in the area.

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