SERAP Issues 7-Day Ultimatum for NNPC to Account for Missing $2.04 Billion and N164 Billion Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) has issued a 7-day ultimatum to the Nigerian National Petroleum Corporation (NNPC), demanding a full and transparent account of the missing $2.04 billion and N164 billion oil revenues. This move by SERAP reflects ongoing efforts to promote transparency, accountability, and responsible financial management in Nigeria’s oil and gas sector.

The demand for accountability centers on the need for the NNPC to provide a detailed explanation of the circumstances surrounding the missing funds, as well as steps taken to recover and remedy the situation. SERAP’s ultimatum underscores the importance of upholding good governance principles and ensuring that public resources are managed prudently.

The call for transparency in the management of oil revenues is part of broader advocacy initiatives aimed at curbing corruption, improving financial accountability, and fostering trust in public institutions. SERAP’s engagement with the NNPC reflects the organization’s commitment to promoting accountability and combating corruption within the Nigerian government.

As Infostride News continues to monitor developments related to financial accountability and transparency, we will follow the outcome of SERAP’s ultimatum to the NNPC. Stay tuned for updates, in-depth analyses, and insights into how efforts to hold public institutions accountable for missing funds contribute to governance reforms in Nigeria.