{"id":115890,"date":"2025-01-06T06:14:25","date_gmt":"2025-01-06T05:14:25","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=115890"},"modified":"2025-01-06T06:14:25","modified_gmt":"2025-01-06T05:14:25","slug":"account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/","title":{"rendered":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL"},"content":{"rendered":"
\n
The Socio-Economic Rights and Accountability Project has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to explain the disappearance of over N825 billion and $2.5 billion earmarked for refinery rehabilitation and oil revenues.<\/div>\n
\n
\n
\nThe demand follows a 2021 annual report by the Auditor-General of the Federation, which raised serious concerns about the management of public funds within the NNPCL.<\/p>\n

A recent audit by SERAP, published on November 27, 2024, highlighted several financial discrepancies involving missing or unaccounted-for funds.<\/p>\n

This includes the N825 billion allegedly deducted from crude oil sales between 2020 and 2021 for refinery repairs.<\/p>\n

The Auditor-General\u2019s office has suggested that these funds may have been diverted and has called for a thorough investigation and recovery of the money.<\/p>\n

In a letter dated 4 January 2025, SERAP urged Kyari to \u201caccount for and explain the whereabouts of the alleged missing N825bn and $2.5bn meant for refinery rehabilitation and other oil revenues,\u201d referencing the Auditor-General\u2019s report.<\/p>\n

According to SERAP\u2019s Deputy Director, Kolawole Oluwadare, in a press release titled \u201cAccount for Missing N825bn, $2.5bn for Refinery Repairs and Others: Invite EFCC, ICPC,\u201d the ongoing mismanagement of public funds \u201chas undermined Nigeria\u2019s economic development, trapped the majority of Nigerians in poverty, and deprived them of opportunities.\u201d<\/p>\n

The organisation called for increased transparency and demanded that those responsible for the alleged mismanagement of funds be handed over to the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission for investigation and possible prosecution.<\/p>\n

SERAP also welcomed Kyari\u2019s public invitation to former President Olusegun Obasanjo to tour Nigeria\u2019s refineries but emphasised the importance of involving the EFCC and ICPC to ensure transparency in refinery operations.<\/p>\n

\u201cWe urge you to formally invite former President Olusegun Obasanjo to tour Nigeria\u2019s refineries and to extend your invitation to the EFCC and ICPC to monitor the operations of the refineries,\u201d the letter stated, noting that this aligns with Nigeria\u2019s Constitution and international anti-corruption commitments.<\/p>\n

However, PUNCH Online reported on Saturday that Obasanjo rejected the invitation, describing it as disrespectful.\u00a0https:\/\/punchng.com\/refineries-rehabilitation-obasanjo-carpets-nnpcl-says-invitation-to-plants-disrespectful\/<\/a><\/p>\n

The letter also outlined other instances of financial irregularities, including over N343 billion deducted from crude sales for pipeline maintenance, N83.66 billion withdrawn from a sinking fund account, and more than N204 billion in unexplained deductions from oil royalties in 2021.<\/p>\n

Additionally, the Auditor-General highlighted discrepancies in outstanding bridging allowances, royalties, and revenues, all of which SERAP insists should be recovered and remitted to the Federation Account.<\/p>\n

\u201cWe would be grateful if the recommended measures are taken within seven days of the receipt and\/or publication of this letter,\u201d the letter concluded.<\/p>\n

\u201cIf we have not heard from you by then, SERAP shall consider appropriate legal actions to compel the NNPCL to comply with our requests in the public interest.\u201d<\/p>\n

A copy of the letter, obtained by PUNCH Online on Sunday, was also sent to key officials, including President Bola Tinubu; Chief of Staff Femi Gbajabiamila; Attorney General Lateef Fagbemi; ICPC Chairman Musa Aliyu; EFCC Chairman Olanipekun Olukoyede; and the Chairpersons of the Public Accounts Committees of both the Senate and the House of Representatives.<\/p><\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Socio-Economic Rights and Accountability Project has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to explain the disappearance of over N825…<\/p>\n","protected":false},"author":1,"featured_media":110164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-115890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAccount for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Socio-Economic Rights and Accountability Project has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to explain the disappearance of over N825…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-06T05:14:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL\",\"datePublished\":\"2025-01-06T05:14:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\"},\"wordCount\":536,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\",\"name\":\"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg\",\"datePublished\":\"2025-01-06T05:14:25+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg\",\"width\":620,\"height\":330},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/","og_locale":"en_US","og_type":"article","og_title":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News","og_description":"The Socio-Economic Rights and Accountability Project has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to explain the disappearance of over N825…","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/","og_site_name":"Pointblank News","article_published_time":"2025-01-06T05:14:25+00:00","og_image":[{"width":620,"height":330,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL","datePublished":"2025-01-06T05:14:25+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/"},"wordCount":536,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/","name":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg","datePublished":"2025-01-06T05:14:25+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/01\/NNPCL-620x330-1.jpg","width":620,"height":330},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/account-for-n825bn-2-5bn-for-refinery-repairs-serap-tells-nnpcl\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Account for N825bn, $2.5bn for refinery repairs, SERAP tells NNPCL"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/115890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=115890"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/115890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/110164"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=115890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=115890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=115890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}