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 on Vanguard News.