The has called on Senate President to direct the Senate’s Public Accounts Committee to disclose the identities of officials implicated in the alleged ₦200 trillion missing or unaccounted for from the .
In a formal request, SERAP urged that the names and positions of all individuals linked to the alleged discrepancies be made public, regardless of their political or social status, to ensure transparency and accountability in the ongoing investigation.
The group also demanded full disclosure of key details surrounding the probe, including audit reports, financial records, and official communications relied upon by the committee. It further requested a clear timeline for when implicated officials would appear before the panel and when the investigation would be concluded.
The Senate Public Accounts Committee is currently investigating claims that about ₦200 trillion is missing from NNPCL accounts between 2017 and 2023. Lawmakers have reportedly raised concerns over inconsistencies in financial records and inadequate documentation, with some officials allegedly failing to honour invitations or provide satisfactory explanations.
In a letter dated March 21, 2026, signed by its Deputy Director, Kolawole Oluwadare, SERAP emphasized that transparency is crucial to the credibility of the probe.
The organisation noted that whether the allegations are accurate or exaggerated, public confidence depends on how openly the Senate handles the investigation. It stressed that full disclosure would help eliminate suspicions of a cover-up and allow Nigerians to independently assess the facts.
SERAP also warned that the scale of the alleged missing funds, combined with NNPCL’s history of opaque financial practices, makes a thorough and impartial investigation urgent. It added that delays, repeated adjournments, and non-compliance by some officials risk undermining the process and eroding public trust.
The group issued a seven-day ultimatum to the Senate leadership, stating that failure to act could lead to legal action aimed at compelling transparency in the public interest.
According to SERAP, the outcome of the probe will be critical in restoring confidence in Nigeria’s oil sector, as well as strengthening governance and accountability in the management of national resources.
