A rights group, Socio-Economic Rights and Accountability Project (SERAP), had dragged the federal government before the Federal High Court in Lagos over its
The plaintiff further contended that if the court directed and compelled the president to promptly probe, name and shame and bring to justice the perpetrators and to recover any missing public funds, it would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.
It also insisted that if the government was investigating and prosecuting the allegations, and recovering any missing public funds, it would serve public interest, ensure justice and accountability, and end the entrenched impunity of perpetrators. “The NNPC in 2019 also failed to remit N1,955,354,671,268.66 and N55,157,702,848.74 of generated revenues into the Federation Account, contrary to Section 162 of the Nigerian Constitution 1999 [as amended]. The Auditor-General fears that the money may have been diverted.
It went on: “The DPR in 2019 also deducted N19,840,081.29 as ‘stamp duty’ payments from contractors and consultants but the DPR instantly paid back the money to the contractors and consultants instead of remitting it to the treasury. According to the SERAP, subsidy records show that N443,940,559,974.80 was paid as total subsidy for 2016 but the money was not budgeted for, adding that the payments were for outstanding Petroleum Support Fund commitments for 2015.
“N39,141,210,181.74 was also paid from the Federation Account in 2016 to different oil marketers in 26 transactions, being payments of Interest and Foreign Exchange Differential on Subsidy but without any document.
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