Mele Kyari Gets 7-Day Ultimatum To Account For Missing $2.04 Billion, N164 Billion Oil Revenues

Mele Kyari has been given a 7-day ultimatum to account for missing $2.04 billion and N164 billion oil revenues.

 

NewsOnline Nigeria reports that the Socio-Economic Rights and Accountability Project (SERAP) has called on the Nigerian National Petroleum Company (NNPC) Limited to provide an account and clarification regarding the alleged disappearance of USD$2.04 billion and N164 billion in oil revenues within a span of seven days.  

 

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In a statement dated February 17, 2024, and endorsed by its deputy director, Kolawole Oluwadare, SERAP urged Mr. Mele Kolo Kyari, the Group Chief Executive Officer of NNPCL, to identify and publicly denounce those accountable for the missing oil funds, as highlighted in the most recent annual report released by the Auditor-General of the Federation.  

 

“The alleged missing oil revenues reflect a failure of NNPCL accountability more generally and are directly linked to the institution’s continuing failure to uphold the principles of transparency and accountability.” 

 

“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,” SERAP’s statement read in part.  

 

In addition to ensuring the complete retrieval and restoration of the missing $2.04 billion and N164 billion into the federation account, SERAP also implored the NNPCL boss to deliver those accountable for the diversion of the oil revenue to the relevant anti-corruption authorities.