Legal Action Planned Against NNPC Ltd Over Nigeria’s Revenue and Daily Oil Production
The Socio-Economic Rights and Accountability Project (SERAP) has taken NNPC Ltd to court over the failure to disclose information regarding Nigeria’s daily oil production, exportation, and the total revenue generated from crude oil sales since the removal of the fuel subsidy in May 2023.
This legal action comes in the wake of accusations by the former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, who criticized NNPC Ltd for not remitting sufficient foreign exchange into the treasury despite the subsidy removal.
In the suit filed at the Federal High Court in Abuja with the number FHC/ABJ/CS/1719/2023, SERAP is seeking an order of mandamus to compel NNPC Ltd to reveal detailed information on the daily production and exportation of barrels of oil in Nigeria, along with the total revenues generated since the subsidy removal on petrol.
Mr. Kolawole Oluwadare, Deputy Director of SERAP, stated in a release that Nigerians have the right to know the daily oil production and exportation figures, as well as the revenues generated and remitted to the public treasury. While no specific date has been set for the hearing, Oluwadare emphasized that compelling NNPC Ltd to disclose this information would enhance transparency and accountability in the oil sector.
The statement from SERAP reads, in part, “An order of mandamus to compel the NNPCL to disclose how much of the revenues generated from the production and exportation of oil have been remitted to the public treasury since the removal of subsidy on petrol.”
“SERAP is also asking for an order of mandamus to direct and compel the NNPCL to disclose details of payment of N11 Trillion made as subsidy payments from 1999 to May 2023, including a detailed breakdown of the payments made.
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“There is a legitimate public interest in disclosing the information sought. The NNPCL has a legal responsibility to disclose the details of Nigeria’s daily oil production, exportation, and the revenues generated and remitted.
“The failure by the NNPCL to disclose the information sought is a grave violation of the provisions of the Nigerian Constitution 1999 (as amended), the Freedom of Information Act, and the country’s obligations under the African Charter on Human and Peoples’ Rights.”
