• Latest
  • Trending
  • All
NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template

NNPCL asked to account for ₦825bn and $2.5bn Spent on Refinery Repairs

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

Nigerian Government Announces Public Holidays for Sallah Celebrations

Nigerian Government Announces Public Holidays for Sallah Celebrations

The progress of Kano state is non – negotiable – Engr. Yusuf

Kano Declares 12-day Sallah Holiday for Schools

Kwara mobile court convicts 135 sanitation violators |

Kwara Law Students Appeal for Immediate Release of Law School Scholarship Funds

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

JUST IN: Wike seals PDP National Secretariat in Abuja

JUST IN: Wike seals PDP National Secretariat in Abuja

JAMB Announces Date to release UTME Result for resit Candidates

99% Scores Below 200 in Resit UTME – JAMB

  • About Us
  • Advertise with Us
  • Editorial Policy
Thursday, June 5, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

NNPCL asked to account for ₦825bn and $2.5bn Spent on Refinery Repairs

by Hassan Saheed
January 6, 2025
A A
NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template
FacebookTwitterWhatsapp

The Socio-Economic Rights and Accountability Project (SERAP) has urged Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to provide clarity on the alleged disappearance of over ₦825 billion and $2.5 billion allocated for refinery rehabilitation and oil revenue.

This demand comes in light of the 2021 Auditor-General of the Federation’s annual report, which raised significant concerns about the management of public funds by NNPCL.

A recent audit by SERAP, released on November 27, 2024, uncovered several financial irregularities.

RelatedPosts

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

Why Tinubu sacked Mele Kyari, NNPCL Board – Officials

NNPCL increases Petrol Price

NNPC Boss Mele Kyari Sacked, Replacement Announced

This includes ₦825 billion reportedly deducted from crude oil sales between 2020 and 2021 for refinery repairs, yet remaining unaccounted for.

SERAP commended NNPCL CEO Mele Kyari’s invitation to former President Olusegun Obasanjo to inspect Nigeria’s refineries

However stressed the need for EFCC and ICPC involvement to ensure transparency.

“We urge you to formally involve the EFCC and ICPC in monitoring refinery operations,” the letter stated.

Aligning with Nigeria’s Constitution and anti-corruption commitments.

However, Obasanjo declined the invitation, calling it disrespectful, as reported by PUNCH on Saturday.

The letter also highlighted financial irregularities, including ₦343 billion deducted for pipeline maintenance;

₦83.66 billion withdrawn from a sinking fund; and,

Over ₦204 billion in unexplained oil royalty deductions.

SERAP demanded the recovery of these funds within seven days or threatened legal action.

The letter was copied to key officials, including President Bola Tinubu, EFCC and ICPC leaders, and legislative Public Accounts Committees.

Tags: NNPCSERAP
Previous Post

WAEC introduces resit exams for WASSCE candidates

Next Post

Nigerian Government to Quarantine Travellers from China over New HMPV virus outbreak

Hassan Saheed

Hassan Saheed

I am a passionate and driven individual transitioning from university life into the professional world. A graduate of Bachelor's degree in Business Administration, I possess a versatile skill set that enables me to excel in various domains. As a data analyst, I have a profound love for numbers and a firm grasp on statistical analysis tools. My ability to analyze complex data sets and extract valuable insights allows me to make informed decisions and contribute to the success of businesses. I am always eager to acquire new techniques and stay updated with the latest trends in data analysis to enhance my expertise in this field. In addition to my analytical abilities, I am also a skilled graphics designer. I have a creative eye and a knack for transforming ideas into visually appealing designs. Whether it is crafting stunning logos or designing captivating marketing materials, my attention to detail and my understanding of branding principles enable me to deliver aesthetic designs that resonate with target audiences. Beyond academics, I have a strong commitment to giving back to the community. I actively engage in volunteer work, leveraging my skills and knowledge to support causes that I am passionate about. I find profound fulfillment in being able to make a positive impact on the lives of others and strive to continuously contribute to society. Furthermore, I am experienced in managing freelance projects. This aspect of my life has allowed me to enhance my problem-solving skills, sharpen my communication abilities, and build strong working relationships with clients. I thoroughly enjoy the entrepreneurial aspect of freelancing and relish the challenges and opportunities it presents. As I embark on my professional journey, I am eager to apply my diverse skills and knowledge to contribute to the success of an organization. I am open to new opportunities where I can continue to learn, grow, and make a meaningful impact. If you are interested in collaborating or discussing potential professional engagements, please feel free to reach out.

Related Posts

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria
Business News

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

Nigeria Pays Back all N2.59trn IMF Debt
Business News

Nigeria Pays Back all N2.59trn IMF Debt

FCCPC Replies  Meta’s threat to Quit Nigeria over ₦220 Million Fine
Business News

FCCPC Replies Meta’s threat to Quit Nigeria over ₦220 Million Fine

NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template
Business News

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

15 Die in Kwara road Accident
Business News

Easter: Jubilations As Kwara Workers Receive April Salaries

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes
Business News

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes

Angry Youths loot CBEX Office in Ibadan [Video]
Business News

Angry Youths loot CBEX Office in Ibadan [Video]

Masquerades lead Protest in Kwara over ‘Outrageous’ Electricity Charges
Business News

Masquerades lead Protest in Kwara over ‘Outrageous’ Electricity Charges

Subscribers get  New Ultimatum to Reclaim Airtime on Deactivated Lines
Business News

Subscribers get New Ultimatum to Reclaim Airtime on Deactivated Lines

MTN explains Why Data Plans Quickly Finish says ‘No Reason To Steal’
Business News

MTN explains Why Data Plans Quickly Finish says ‘No Reason To Steal’

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In