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SERAP demands investigation into $7 million rebranding of Nigeria’s oil firm, citing misuse of oil funds.
SERAP has urged President Bola Tinubu to investigate the alleged ₦5.9 billion spent on rebranding Nigeria’s NNPC into NNPCL, citing concerns over transparency and potential misuse of oil revenues.
In a March 14, 2026, letter, the group called for a probe by the AGF, EFCC, and ICPC into procurement processes and fund recipients, demanding accountability and possible prosecution.
It noted ₦2.9 billion came from petroleum product proceeds and ₦2.9 billion from crude oil revenue.
SERAP warned of legal action if no response is received within seven days, emphasizing the need for public trust in oil sector reforms.
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SERAP exige una investigación sobre el cambio de marca de 7 millones de dólares de la empresa petrolera de Nigeria, citando el uso indebido de fondos petroleros.