Nigeria's NNPCL sued over ₦211 trillion oil money

NNPCL SERAP ₦211 trillion oil money court lawsuit

The Socio‑Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) in the Federal High Court in Abuja. The suit, filed under case number FHC/ABJ/CS/1426/2027, seeks a mandamus order compelling NNPCL to account for more than ₦211 trillion (≈ ₦211,015,245,000,000) recorded in its 2023 audited financial statements under the headings “Sundry Receivables” (≈ ₦107.6 trillion) and “Accrued Expenses” (≈ ₦103.4 trillion). SERAP demands that the company provide detailed explanations, reconciliations and supporting documents identifying the debtors, creditors, legal bases and the status of any recovery efforts. The group cites the public‑interest principle, the Freedom of Information Act and the African Charter on Human and Peoples’ Rights, arguing that NNPCL, as a wholly government‑owned oil firm, has a legal duty to disclose the information. NNPCL has not yet responded to the allegations.

Entities: Federal High Court, Abuja · Freedom of Information Act (Nigeria) · Kolawole Oluwadare · Nigerian National Petroleum Company Limited (NNPCL) · Socio‑Economic Rights and Accountability Project (SERAP)

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 9 SOURCES] SERAP filed a lawsuit against NNPCL at the Federal High Court in Abuja. (All articles)
[● 9 SOURCES] The suit seeks a mandamus order to compel NNPCL to account for over ₦211 trillion recorded in its 2023 audited financial statements. (All articles)
[● 9 SOURCES] The ₦211 trillion is split into approximately ₦107.6 trillion listed as “Sundry Receivables” and ₦103.4 trillion listed as “Accrued Expenses”. (All articles)
[● 2 SOURCES] NNPCL had not publicly responded to the lawsuit as of the filing date. (Articles noting no response)
[● 6 SOURCES] The lawsuit was filed under case number FHC/ABJ/CS/1426/2027. (Articles reporting this case number)
[● 9 SOURCES] SERAP argues NNPCL has a legal duty under the Freedom of Information Act and the African Charter on Human and Peoples’ Rights to disclose the information. (All articles)