SERAP Declares 7-Day War on Akpabio Over NNPCL’s “Missing” Oil Fortune

The Nigerian Senate is facing a high-stakes legal firing squad. In a move that has sent shockwaves through the National Assembly, the Socio-Economic Rights and Accountability Project (SERAP) has officially threatened to sue Senate President Godswill Akpabio unless he strips away the veil of secrecy surrounding an eye-watering ₦210 trillion allegedly missing or unaccounted for within the Nigerian National Petroleum Company Limited (NNPCL).

At the heart of this firestorm is a sum of money so large it defies easy comprehension. To put it in perspective, ₦210 trillion is several times larger than Nigeria’s entire national budget for 2024. The Senate’s Public Accounts Committee has been quietly digging into NNPCL records from 2017 to 2023, uncovering two massive “accounting craters”:

“The magnitude of the sum, combined with the NNPCL’s history of opaque practices, underscores the urgency of a thorough, impartial, and transparent investigation.” — SERAP

SERAP’s deputy director, Kolawole Oluwadare, didn’t mince words in the letter dated March 21, 2026. The organization is demanding that Akpabio direct the Public Accounts Committee to:

For months, the probe has reportedly been “dragging,” with NNPCL officials allegedly snubbing invitations or providing “inconsistent” explanations. SERAP argues that these delays aren’t just bureaucratic—they are a risk to the evidence itself.

SERAP isn’t just asking for transparency; they are citing the law as a weapon.

The Senate President has been given exactly 7 days to comply. If the names aren’t published and the records aren’t made public by next week, the battle will move from the floor of the Senate to the halls of the Federal High Court.

With the NNPCL being the “atmok” of the Nigerian economy, the outcome of this showdown could either be a turning point for accountability or another chapter in the country’s long history of “unreconciled” billions.