The Socio-Economic Rights and Accountability Project (SERAP) has called on Senate President Godswill Akpabio to compel the Senate’s Public Accounts Committee to publicly disclose the identities of officials implicated in the alleged ₦210 trillion discrepancies in the accounts of the Nigerian National Petroleum Company Limited (NNPCL).
In a letter dated March 21, 2026, and signed by its Deputy Director, Kolawole Oluwadare, the organisation urged the Senate leadership to ensure transparency by publishing the names and designations of all those under investigation, regardless of their political or social standing.
SERAP also demanded the release of comprehensive details of the ongoing probe, including audit reports, financial records, official communications, and timelines for hearings and the conclusion of the investigation. It further called for full disclosure of the committee’s proceedings, including minutes, submissions, and evidence, to enable public scrutiny.
“The allegations that ₦210 trillion is missing or unaccounted for can only be taken seriously if the Senate is fully transparent in its investigation,” the group said.
The Senate committee is currently investigating audit findings covering 2017 to 2023, which reportedly revealed about ₦210 trillion in entries either missing or not properly reconciled. The disputed figures include approximately ₦103 trillion linked to joint venture costs and operational expenses, and about ₦107 trillion categorised as receivables, subsidies, and other financial obligations.
SERAP warned that the credibility of the investigation depends on openness, noting that the scale of the alleged discrepancies and the NNPCL’s history of opaque practices have heightened public concern.
“Transparency would prevent perceptions of cover-ups, political compromise, or selective accountability, and help Nigerians assess the credibility of the claims,” it added.
The organisation also criticised delays in the probe, citing repeated failures by some officials to honour invitations or provide satisfactory explanations, raising concerns about accountability in the management of Nigeria’s natural resources.
SERAP stressed that timely, thorough, and impartial investigations are critical, warning that delays could normalise impunity, undermine public confidence, and risk the loss or distortion of evidence.
Invoking constitutional and international frameworks, the group referenced Section 15(5) of the 1999 Constitution, which mandates public institutions to combat corruption, and Section 85(5), which empowers the National Assembly to summon individuals and demand documents for oversight. It also cited provisions of the UN Convention against Corruption and the African Charter on Human and Peoples’ Rights.
SERAP gave the Senate a seven-day ultimatum to act on its demands, warning that it would initiate legal action if the recommendations are not implemented.
