SERAP sues NNPCL over ‘failure to account for ₦5.9bn rebranding cost’

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over its failure to account for approximately ₦5.9 billion reportedly spent on the incorporation, transition, and rebranding of NNPC into NNPCL.” The NNPC reportedly paid N2.9 billion for incorporation expenses from petroleum product proceeds, while the […]

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