SERAP Sues NNPCL Over Unaccounted Rebranding Costs
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL). SERAP is demanding accountability for an alleged ₦5.9 billion spent on rebranding that remains unexplained.
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SERAP sues NNPCL over ‘failure to account for ₦5.9 billion rebranding cost’
SERAP is asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure..." The post SERAP sues NNPCL over ‘failure to account for ₦5.9 billion rebranding cost’ appeared first on Premium Times Nigeria.
By Press Release
Read full article →SERAP sues NNPCL over ₦5.9bn rebranding cost
SERAP has filed a lawsuit against NNPCL, demanding accountability for the alleged ₦5.9 billion spent on rebranding. Get the full details on the suit. Read More: https://punchng.com/serap-sues-nnpcl-over-%e2%82%a65-9bn-rebranding-cost/
By Punch Newspapers
Read full article →SERAP sues NNPCL over ‘failure to account for ₦5.9bn rebranding cost’
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over its failure to account for approximately ₦5.9 billion reportedly spent on the incorporation, transition, and rebranding of NNPC into NNPCL.” The NNPC reportedly paid N2.9 billion for incorporation expenses from petroleum product proceeds, while the […] The post SERAP sues NNPCL over ‘failure to account for ₦5.9bn rebranding cost’ appeared first...
By Nwafor
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