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flag SERAP sues Nigeria’s oil company over $49.7M in lost revenues due to unexplained spending.

flag SERAP has sued Nigeria’s state oil company, NNPCL, over the alleged loss of $49.7 million in oil revenues, citing a 2025 audit that uncovered unexplained spending on projects like a stalled Abuja hospital, unverified London office repairs, and undocumented crude oil payments. flag Filed in Abuja’s Federal High Court, the lawsuit demands full financial disclosure, identification of beneficiaries, and recovery of funds, accusing NNPCL of systemic corruption that undermines public trust and national development.

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