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Account For Missing N500Billion Or Face Legal Action, SERAP Tells NNPCL CEO, Ojulari

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According to the World Bank, this sum was not remitted to the Federation Account between October and December 2024.

The Socio-Economic Rights and Accountability Project (SERAP) has called on Mr. Bayo Bashir Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPCL) Limited, to provide clarification regarding the missing N500 billion.

According to the World Bank, this sum was not remitted to the Federation Account between October and December 2024.

 

SERAP is urging accountability and transparency in addressing this financial discrepancy.

SERAP urged Mr Ojulari “to identify those suspected to be involved, surcharge them for the full amount involved, and hand them over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution.”

 

SERAP also urged Mr Ojulari “to invite the EFCC and ICPC to investigate the spending and whereabouts of the N500 billion, and to ensure the full recovery and remittance of the money to the Federation Account without further delay.

 

Last week, the World Bank disclosed that out of the N1.1 trillion revenue from crude sales and other income in 2024, the NNPC only remitted N600 billion, leaving a deficit of N500 billion unaccounted for. The International Monetary Fund (IMF) also recently called for the subsidy removal savings to be transferred to the national budget.

 

In the Freedom of Information request dated 17 May 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in explaining the whereabouts of the alleged missing N500 billion oil money and grave violations of the Nigerian Constitution 1999 [as amended]’

“The country’s oil wealth ought to be used solely for the benefit of the Nigerian people, and for the sake of the present and future generations.”

 

According to SERAP, Nigerians have the right to know why the NNPCL failed to remit the subsidy removal savings to the Federation Account.

 

“We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If 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,” the letter read in part.

“Without the full recovery and remittance of the missing N500 billion of oil revenue, the dire economic situation may worsen and Nigerians will continue to be denied access to basic public goods and services,” it read.

 

“The Freedom of Information Act, Section 39 of the Nigerian Constitution, article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights guarantee to everyone the right to information on the whereabouts of the missing N500 billion of oil revenue.”

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Kidnappers Took Loan With My Phone – Victim Recounts Ordeal

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A woman has shared a disturbing account of her abduction in Abuja, detailing how kidnappers allegedly exploited her personal information during captivity.

According to her, she was kidnapped while going home in a bus and kept blindfolded for two days as her captors demanded a ransom of ₦5 million from her family and friends.

She further alleged that while she was still in captivity, the abductors accessed her phone and used it to download a loan application.

With her ATM card and identification documents in her possession at the time, they reportedly secured a loan of ₦148,000 without her knowledge.

The victim said she remained unaware of the transaction throughout her ordeal, as she was blindfolded and focused on pleading for her life.

She revealed that when she later found out and wrote to the loan app, they insisted she must pay off the loan.

“I was kidnapped in a bus in Abuja. They blindfolded my eyes for two days. Even after asking for ransom of 5 million from my family and friends, they took a loan. They downloaded a loan app on my phone, and I always carry my ATM card and my ID cards in my bag, so they used it to up the loan app and took a loan of 148 thousand Naira. I didn’t even know about the loan all the time I was there cause I was blindfolded and just begging for my life….” she partly said.

 

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Man Ends His Marriage After Finding Photographs Of His Wife With Another Man While Browsing Google Maps

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A husband was left shocked and reportedly had to end his marriage after discovering photos of his wife with another man while using Google Maps.

The man was using Google Maps to plan a route before setting off on a journey when he noticed an image of his wife sitting on a bench, stroking the hair of another man whose head rested in her lap.

Captured by a Google camera vehicle in Lima, the Peruvian capital, the stunned husband said the photograph grabbed his attention because the woman pictured seemed to be wearing identical clothing to pieces his wife owned.

Although the photo dated back to 2013, the furious husband challenged his wife with proof of her previous betrayal.

The pair, whose identities remain anonymous, subsequently divorced after the woman confessed to having an affair.

In a twist of fate, she was photographed with her lover on a bench near the city’s Puente de los Suspiros de Barranco (Bridge of Sighs of the Ravine).

 

The husband recently posted the photographs on Facebook where they sparked considerable reaction amongst users.

One social media commenter, San Pateste, said: “What a small world it is… It would have been enough if she said to her husband that she did not love him any more.”

Guillermo Sanchez added: “Out of 100 women, 90 per cent are not loyal, the rest are loyal and only have one eye (hahaha) or are immortal (hahaha).”

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Explosion injures soldier, NSCDC personnel in Imo

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An Improvised Explosive Device, IED, explosion injured a soldier and a personnel of the Nigeria Security and Civil Defense Corps, NSCDC, in Orsu Local Government Area of Imo State.

A counter-insurgency and security expert in the Lake Chad region, Zagazola Makama, made this disclosure on X.

Makama disclosed that the incident occurred at about 8:35am on March 18 during a joint operation by troops of 34 Artillery Brigade in the Orsu general area.

According to the source, the personnel were operating around a suspected hideout of Indigenous People of Biafra, IPOB, and its armed wing, the Eastern Security Network, ESN, when they stepped on a concealed pressure-activated IED.

It noted that the device detonated, leaving both operatives injured.

“They were immediately administered first aid and subsequently evacuated to a medical facility for further treatment.

“Operations are ongoing in the area to dismantle criminal hideouts and enhance safety,” the source said.

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