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NNPCL Sued Over Alleged Missing $2 Billion, ₦164 Billion Oil Revenues

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NNPCL Sued Over Alleged Missing $2 Billion, ₦164 Billion Oil Revenues....KINDLY READ THE FULL STORY HERE▶

The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Nigerian National Petroleum Company (NNPC) Limited, alleging its failure to account for and explain the whereabouts of an alleged missing $2.04 billion and ₦164 billion in oil revenues. This lawsuit follows allegations outlined in the 2020 audited report by the Auditor General of the Federation, suggesting that the NNPC failed to remit the funds into the Federation Account (FAAC), raising concerns of possible diversion.

SERAP, represented by its lawyers Kolawole Oluwadare and Kehinde Oyewumi, filed the suit at the Federal High Court in Abuja, seeking an order of mandamus to compel the NNPC to account for the missing funds, hand over suspected perpetrators for investigation and prosecution by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC), and ensure the full recovery and remittance of the missing funds into the FAAC.

The suit underscores the public interest in uncovering the details of the missing funds, highlighting their detrimental impact on the country’s economy and deficit spending. It emphasizes the NNPC’s legal responsibility to account for the disappeared funds and the need for transparency and accountability.

According to SERAP, the Auditor-General has consistently reported on the disappearance of public funds from the NNPC over the years, negatively affecting Nigerians who bear the consequences of these missing oil revenues.

The suit outlines specific amounts allegedly unremitted or unaccounted for by the NNPC, including deductions from oil royalties assessed by the Department of Petroleum Resources (DPR), unremitted government revenue, and royalties from crude oil and gas sales and gas flare.

No hearing date has been set for the suit as of yet.

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Political Violence Erupts! APC Member Challenging Governor Oyebanji’s Primary Victory Abducted And Brutally Beaten.

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Mrs. Abimbola Olawumi, an All Progressives Congress (APC) member, was allegedly kidnapped by suspected thugs on Wednesday afternoon after departing from the Court of Appeal in Abuja, where she had gone to secure Certified True Copies of documents related to her legal challenge against the party’s governorship primary. Sources indicated that Olawumi, who is litigating in person, had earlier appeared at the Supreme Court regarding her appeal to contest the primary that selected Ekiti State Governor Biodun Oyebanji, and was instructed to obtain the documents from the lower court for the next steps. Shortly after leaving, she was reportedly assaulted and forced into a black SUV, which drove away to an undisclosed location, leaving her safety in doubt and police comments unavailable. Olawumi has a long-standing legal battle concerning the primary; a prior unanimous decision by a three-member Court of Appeal panel led by Justice Adebukola Banjoko had dismissed her previous appeal as incompetent because her brief exceeded the allowed page limit, while also ruling in favor of Governor Oyebanji’s cross-appeal.....KINDLY READ THE FULL STORY HERE▶

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The Golden Boy Stays! Phil Foden Signs Massive New Multi-Year Deal With Manchester City.

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Phil Foden has put an end to rumors regarding his career path by inking a fresh four-year agreement with Manchester City, securing his presence at the Etihad until 2030. At 26 years old, the England midfielder—whose prior contract was scheduled to conclude next summer—has solidified his commitment to the Premier League titleholders as they embark on a fresh chapter under head coach Enzo Maresca.....KINDLY READ THE FULL STORY HERE▶

premier academy success stories, accumulating 369 appearances alongside six Premier League titles, a Champions League trophy, and two FA Cups. Following his extension, Foden expressed profound pride in staying with the only club he has ever played for, noting his excitement to reunite with Maresca, whom the players deeply respected during the 2022-23 Treble-winning season.

This multi-year signing follows a challenging stretch for the midfielder, which included missing out on Thomas Tuchel’s England World Cup squad after starting only 23 league matches in an up-and-down domestic term. Even with lower attacking outputs over the past two campaigns—attributable to tactical shifts that saw him play deeper alongside teammates like Jeremy Doku, Antoine Semenyo, and Rayan Cherki—Foden continues to rank among the league’s top attackers, having hit double-digit goals across all competitions every year for six seasons alongside only Mohamed Salah and Ollie Watkins.

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Hope Alive: FIFA Drops Crucial Guidelines To Rescue Super Eagles’ World Cup Hopes.

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According to FIFA, Nigeria possesses the talent necessary to secure a spot in the 2030 FIFA World Cup, provided the nation establishes a more stable football infrastructure. In an evaluation released on its website on July 22, the governing body noted that Nigeria’s primary obstacle is now achieving consistent, high-level performance rather than a shortage of raw ability.....KINDLY READ THE FULL STORY HERE▶

Historically, the Super Eagles have advanced to the Round of 16 in three out of their six World Cup appearances (1994, 1998, and 2014), though they missed the previous two tournaments. Their bid for the 2026 World Cup concluded after finishing second to South Africa in Group C of the CAF qualifiers, which moved them into the second round for the intercontinental play-off spot. Under coach Eric Chelle, the team overcame Gabon with a 4-1 victory after extra time, but ultimately missed qualification after losing a penalty shootout to the Democratic Republic of Congo following a 1-1 draw.

Despite these recent disappointments, FIFA maintains that Nigeria’s vast talent pipeline gives them enormous potential. Ultimately, securing a berth at the 2030 tournament will depend less on raw capability and more on building a strong, reliable organizational framework.

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