The Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President Godswill Akpabio to direct the Public Accounts Committee to disclose the names and positions of officials implicated in the alleged ₦210 trillion missing or unaccounted for from the Nigerian National Petroleum Company Limited (NNPCL).
In a letter dated March 21, 2026, and signed by SERAP Deputy Director Kolawole Oluwadare, the organisation also called on the Senate to make public key documents, including audit reports, financial records, official correspondence, and the schedule of appearances by affected officials.
SERAP further demanded full transparency in the committee’s proceedings, urging the release of minutes, submissions, and evidentiary materials to allow Nigerians to properly scrutinise the investigation.
“The allegations that ₦210 trillion is missing or unaccounted for can only be taken seriously if the Senate conducts its probe with full transparency,” the group said.
“Openness will help dispel concerns about cover-ups, political compromise, or selective accountability, and enable Nigerians to assess the credibility of the claims.”
The Public Accounts Committee is currently probing discrepancies in NNPCL’s accounts between 2017 and 2023, involving about ₦103 trillion in joint venture and operational costs, as well as roughly ₦107 trillion in receivables, subsidies, and other financial obligations. Audit findings reportedly flagged unreconciled figures and missing supporting documentation, leading to the summons of both current and former NNPCL officials.
However, several of those invited have reportedly failed to appear or provide satisfactory explanations, raising fresh concerns over accountability in the management of Nigeria’s oil revenues.
SERAP emphasised the need for a timely, thorough and impartial investigation, warning that delays could entrench impunity, erode public trust, and increase the risk of evidence being lost or compromised. The organisation gave the Senate seven days to comply with its demands, failing which it said it would pursue legal action to compel disclosure.
“The scale of the alleged loss, coupled with NNPCL’s history of opacity, makes it imperative that all discrepancies are fully investigated and those responsible held to account,” SERAP said. “Transparency and public access to records are essential to uphold the rule of law, safeguard Nigeria’s economic future, and rebuild public confidence.”
