The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, called on the Nigerian National Petroleum Company Limited (NNPCL) on Sunday to reveal all transactions involving the N11.2 trillion that are recorded in their records.
While campaigning for reelection, Atiku demanded that Bola Tinubu reveal who was sponsoring his efforts and make public all relevant documents, including contracts, payments, and results.
“The NNPCL must disclose records of what it is owed by the Federation for advances and costs that include protecting Nigeria’s oil and gas assets,” Atiku stated, according to a release by Phrank Shaibu, director of strategic communication of the ADC Presidential Campaign Council.
“Schools are in danger from bandits. Motorists are terrified of the roads. Loved ones’ safe return is a source of great anxiety for families.
Nigerians have a right to know who got their hands on this massive claim, how much it cost to secure pipelines, and what kind of security it procured.
While her government refuses to provide a clear explanation for the billions spent on security, a mother must pray her child survives the ride to school. Individuals affected by these decisions will hold Tinubu accountable.
Fuel under-recovery and other receivables related to advances and asset protection amounted to almost N17.5 trillion in NNPC’s 2024 financial statements. Currently, the amount of other receivables from the Federation shown in its 2025 accounting is over N11.2 trillion.
“The Nigerian people have no idea how much money went into pipeline surveillance based on these figures. Who paid for it? So, who got paid? How is this task being accomplished? Have you seen the outcomes?
“The magnitude of this disparity is untenable. Nearly N3.1 trillion went to the Ministry of Defence in 2025, whereas NNPC earned over N11.2 trillion in other receivables from the Federation—more than three times the defence award.
Under Tinubu, funds associated with the oil industry outweigh those set aside for national defence, and this disparity is striking despite the fact that these numbers come from distinct areas of accounting. The priorities of this administration are laid bare by that.
Picture the soldier tasked with confronting terrorists. Picture this: a parent waits outside their child’s school after hearing that robbers have attacked. Imagine a family that could not get in touch with a loved one on the road.
They ought to receive a sum more than the one enormous number in NNPC’s books. Why can this administration justify protecting a pipeline but has such a hard time assuring Nigerians that they are safe?