Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited for not revealing information about Nigeria's daily oil production and revenues since the removal of petrol subsidy. SERAP is seeking a court order to compel NNPC to disclose the amount of oil revenues remitted to the public treasury and details of subsidy payments made from 1999 to May 2023.
Socio-Economic Rights and Accountability Project ( SERAP ) has dragged the Nigerian National Petroleum Company ( NNPC ) Limited before the Federal High Court in Abuja over its alleged failure to disclose details of Nigeria’s daily oil production and revenues generated since the removal of petrol subsidy in May 2023.
In the suit with number FHC/ABJ/CS/1719/2023, SERAP was seeking 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. The civil society organisation was also asking the court for an order of mandamus to direct and compel the NNPCL to disclose details of payment of N11trillion made as subsidy payments from 1999 to May 2023, including a detailed breakdown of the payments mad
SERAP NNPC Lawsuit Oil Production Revenue Subsidy Court Order
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SERAP Files Lawsuit Against NNPC Over Failure to Disclose Oil RevenuesSERAP is seeking a court order to compel NNPC to disclose details of Nigeria's daily oil production, exportation, and revenues generated since the removal of fuel subsidy.
Read more »
SERAP Urges Senate President to Reject N15bn Residence Plan for Vice PresidentSocio-Economic Rights and Accountability Project (SERAP) has called on the Senate President to reject the plan to spend N15 billion on a residence for the Vice President. SERAP also urges the Senate to reject other proposed wasteful spending in the 2023 supplementary budget and the 2024 budget.
Read more »
Godwin Ehigiamusoe: A Visionary Leader Making an Impact in Nigeria's Socio-EconomyGodwin Ehigiamusoe, Chairman of LAPO Microfinance Bank and founder-strategist behind the LAPO Group, is a visionary leader who has made a significant impact in Nigeria's socio-economy. With over forty years of experience, he has transformed the social enterprise and economic empowerment landscape, bringing structure and making a difference in businesses and communities.
Read more »
Former Senator Appeals to President Tinubu to Reverse NNPC Board AppointmentFormer senator Ifeanyi Ararume has appealed to President Bola Tinubu to rescind his appointment of a new board and management team for the NNPC. Mr Ararume bases his demand on a court judgement he obtained in April this year.
Read more »
Stagnant Wages and Rising Inflation Threaten President Tinubu's Economic AgendaStagnant wages, rising inflation, and low purchasing power in Nigeria may jeopardize President Bola Tinubu's economic agenda. Nigerians are struggling to meet their basic needs as household spending increases and the quality of living standards declines. The removal of petroleum subsidy and devaluation of the Naira have further worsened the inflation crisis. The government has not increased the minimum wage, causing concerns among labor unions.
Read more »
President of the Senate Organizes Lavish Party Despite Economic CrisisThe President of the Senate, Godswill Akpabio, held a lavish party at a 30,000-seat stadium in Uyo, Akwa Ibom State, displaying wastefulness and insensitivity to the plight of Nigerians who are already suffering from dire economic conditions.
Read more »