The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Nigerian National Petroleum Company (NNPC) Limited regarding Nigeria’s daily oil production and revenues generated since the removal of the fuel subsidy. In a suit filed at the Federal High Court in Abuja, SERAP alleges that the national oil company has failed to provide information on Nigeria’s oil production, exportation, and the total revenue generated from oil since the subsidy removal.
SERAP is seeking a court order to compel the NNPC to disclose the amount of revenue remitted to the public treasury from oil production and exportation.
The organization argues that there is a legitimate public interest in this information and that the NNPC has a legal responsibility to disclose it.
By obtaining these details, transparency and accountability in the oil sector can be promoted. SERAP asserts that the NNPC’s failure to disclose the requested information violates the Nigerian Constitution, the Freedom of Information Act, and the country’s obligations under the African Charter on Human and Peoples’ Rights.
The group places great emphasis on transparency to prevent any potential misappropriation of funds generated from Nigeria’s daily oil production and export.
Their objective is to guarantee that these funds are not redirected to personal accounts, thereby fostering public confidence and reassuring Nigerians that the revenue will be used for their welfare.
Regarding the lawsuit, the date for the hearing has not yet been determined, leading to uncertainty about the timing of the legal proceedings.
