Atiku Abubakar Demands Clarity on NNPC's ₦11.2 Trillion Spending

Former Vice-President Atiku Abubakar has called on President Bola Tinubu’s administration to clarify how the Nigerian National Petroleum Company (NNPC) Limited accounted for its ₦11.2 trillion receivables from the Federation. He specifically requested details on payments for pipeline security, the contractors involved, and the projects funded by these expenditures.

In a statement from Phrank Shaibu, Director of Strategic Communication for the African Democratic Congress (ADC) Presidential Campaign Council, Atiku emphasized the need for transparency, urging the publication of contracts, payment records, and project outcomes. He noted that NNPC's 2024 accounts indicated ₦17.5 trillion in claims against the Federation, including petrol under-recovery, while the 2025 accounts also reflected ₦11.2 trillion in receivables.

Atiku questioned how much of this amount was allocated to pipeline surveillance and criticized the lack of clarity regarding the companies involved, particularly Tantita Security Services Nigeria Limited. He also raised concerns about potential links between public contracts and political campaign financing, advocating for greater scrutiny of government spending amid Nigeria's economic challenges.