SERAP Sues NNPCL Over ₦5.9bn Rebranding Expenditure

The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal action against the Nigerian National Petroleum Company Limited (NNPCL) in the Federal High Court Abuja, marked as suit number FHC/ABJ/CS/1248/2026. SERAP alleges that NNPCL spent ₦5.9 billion on rebranding, which includes ₦2.9 billion related to petroleum product pricing and other expenses.

The organization, represented by lawyers Kolawole Oluwadar, Oluwakemi Agunbiad, Kehind Oyewumi, and Andrew Nwankwo, seeks a court order to compel NNPCL to provide a detailed account of the funds spent. SERAP is requesting a comprehensive reconciliation statement outlining financial transactions connected to the expenditures and the identities of contractors involved in the rebranding exercise.

They also want clarification on whether the spending complied with procurement laws and due process. SERAP argues that the significant amount spent necessitates transparency and accountability, reflecting broader concerns about the management of public resources within Nigeria's oil and gas sector.