The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the alleged expenditure of ₦5.9 billion on the rebranding of the state-owned oil company.
In a statement announcing the legal action, SERAP said the suit seeks to compel NNPCL to account for the reported spending, arguing that the use of public funds must be transparent and subject to scrutiny.
The organisation contends that the alleged expenditure raises serious concerns about accountability and prudent management of public resources, particularly at a time when many Nigerians are grappling with economic hardship.
SERAP is asking the court to order NNPCL to disclose details of the expenditure and justify the reported cost of the rebranding exercise, insisting that citizens have a right to know how public funds are spent.
The lawsuit marks the latest in a series of legal actions by the anti-corruption and accountability group aimed at promoting transparency in the management of Nigeria’s public institutions.
NNPCL had not publicly responded to the lawsuit at the time of filing this report.
