Socio-Economic Rights and Accountability Project has urged Godswill Akpabio to direct the Senate Public Accounts Committee to immediately publish the names and official positions of individuals implicated in the alleged disappearance or non-accounting of ₦210 trillion linked to Nigerian National Petroleum Company Limited.
In a letter dated March 21, 2026, signed by SERAP Deputy Director Kolawole Oluwadare, the organisation also called for the release of audit reports, financial documents, official correspondence, and the timetable for the appearance of officials under investigation.
SERAP further demanded that complete records of the Senate proceedings — including minutes, written submissions, and documentary evidence — be made publicly accessible to allow Nigerians independently assess the credibility of the ongoing probe.
“The allegation that ₦210 trillion is missing or remains unaccounted for can only be credible if the Senate conducts its investigation with full transparency,” SERAP stated.
According to the group, openness in the process would help prevent suspicions of political compromise, selective accountability, or institutional cover-up.
The Senate Public Accounts Committee is currently examining major discrepancies in NNPCL’s financial records covering 2017 to 2023. These include approximately ₦103 trillion linked to joint venture costs and operational expenditures, as well as another ₦107 trillion tied to receivables, subsidy obligations, and other financial claims.
Audit findings reportedly revealed unreconciled figures and insufficient supporting documentation, leading to the invitation of both current and former NNPCL officials for questioning.
However, SERAP noted that several invited officials have either failed to appear or have not provided satisfactory explanations, raising fresh concerns about accountability in the management of Nigeria’s oil revenues.
The organisation warned that delays in the investigation could weaken public confidence, encourage impunity, and increase the risk of evidence being lost or compromised.
SERAP has given the Senate a seven-day deadline to comply with its demands, warning that it may initiate legal proceedings if the requested information is not disclosed.
“Given the scale of the alleged financial discrepancies and the long-standing concerns over opacity within NNPCL, every unresolved figure must be thoroughly investigated and accountability ensured,” the organisation added.
SERAP maintained that public access to records remains critical to strengthening the rule of law, protecting Nigeria’s economic future, and rebuilding trust in public institutions.
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