The African Democratic Congress, ADC, has called on President Bola Tinubu, the Nigerian National Petroleum Company Limited, NNPC Ltd., and the National Assembly to publicly account for trillions of naira reportedly spent on energy security, questioning what Nigeria has gained from the expenditure.
The opposition party made the demand in a statement issued by its National Publicity Secretary, Bolaji Abdullahi, while reacting to figures contained in the recently audited financial accounts of NNPC Ltd. for the 2024 financial year.
According to Abdullahi, the audited accounts showed that N7.13 trillion was recorded under “Energy Security” in 2024, a figure he said rose to about N17.5 trillion when other fuel-related costs and receivables reflected in the accounts are included.
He argued that the scale of the expenditure raises serious questions that deserve immediate public explanation.
“Only a few years ago, Nigerians debated a pipeline surveillance contract worth about N48 billion. Today, the audited accounts record N7.13 trillion under ‘Energy Security’ for 2024. When other fuel-related costs and receivables reflected in the accounts are taken into consideration, the amount rises to about N17.5 trillion,” Abdullahi said.
The ADC maintained that while safeguarding Nigeria’s oil and gas infrastructure remains a legitimate national priority, spending under the guise of security should not be shielded from public scrutiny.
“The bigger the bill, the stronger the obligation to explain it,” he added.
The party also referenced public reports identifying Tantita Security Services Nigeria Ltd., a company linked to former Niger Delta militant leader Government Ekpemupolo, popularly known as
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