SERAP Urges Senate to Expose NNPC Officials Involved in Missing N210trn

By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has called on the Senate President, Mr Godswill Akpabio, to compel the Public Accounts Committee to publish the names and positions of all officials implicated in the alleged N210 trillion missing or unaccounted for from the Nigerian National Petroleum Company (NNPC) Limited.

In a letter dated March 21, 2026, and signed by SERAP Deputy Director, Mr Kolawole Oluwadare, the Senate was asked to release audit reports, financial records, official communications, and timelines for appearances of implicated officials.

It also demanded the release of full records of the proceedings, including minutes, submissions, and evidence, to ensure transparency and allow Nigerians to scrutinise the investigation.

“The allegations that N210 trillion is missing or unaccounted for can only be taken seriously if the Senate is fully transparent in its investigation,” the group said.

“Transparency would prevent perceptions of cover-ups, political compromise, or selective accountability, and help Nigerians assess the credibility of the claims,” it added.

The Public Accounts Committee is investigating discrepancies in NNPCL accounts from 2017 to 2023, including roughly N103 trillion in joint venture costs and operational expenses, and about N107 trillion in receivables, subsidies, and other financial obligations. Audit reports indicated unreconciled figures and missing supporting documentation, prompting the summons of current and former NNPC officials.

Despite repeated invitations, several officials have failed to appear or provide satisfactory explanations, raising concerns about transparency and accountability in managing Nigeria’s natural resources.

SERAP stressed the urgency of timely, thorough, and impartial investigations, warning that delays could normalise impunity, undermine public confidence, and risk the loss or distortion of evidence.

The organisation gave the Senate a 7-day window to comply with its requests, failing which it intends to take legal action to compel disclosure.

“The magnitude of the alleged loss and NNPCL’s history of opaque practices demand that all discrepancies be fully examined, and those responsible held accountable,” SERAP said.

“Transparency and public access to records are essential to uphold the rule of law, protect Nigeria’s economic future, and restore public trust.”