The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to order the Nigerian National Petroleum Company Limited (NNPCL) to reverse what it described as the ‘illegal and unconstitutional’ increase in the pump price of Premium Motor Spirit (PMS).
SERAP, in a statement by its Deputy Director, Kolawole Oluwadare, on Sunday, September, told Tinubu to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, and anti-corruption agencies to probe allegations of corruption and mismanagement in NNPCL, including the spending of the reported $300 million ‘bailout funds’ collected from the Federal Government in August 2024 and the $6 billion debt it owes suppliers.
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