Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has demanded greater transparency from the Nigerian National Petroleum Company Limited (NNPCL), particularly over billions of naira recorded as receivables from the Federation.
Atiku said Nigerians deserve a detailed account of how funds claimed by NNPCL for advances and the protection of oil and gas assets were spent, including payments made for pipeline security.
In a statement issued on Sunday by Phrank Shaibu, Director of Strategic Communications of the ADC Presidential Campaign Council, the former vice president called for the publication of detailed records showing the beneficiaries of pipeline security contracts, the amounts paid and the results achieved.
Atiku said NNPCL’s 2024 accounts recorded about N17.5 trillion in various claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection.
He added that the company’s 2025 accounts showed approximately N11.2 trillion in other receivables from the Federation.
According to him, the figures raise questions about the specific amount spent on pipeline surveillance and the value delivered.
«“Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked.»
Atiku also drew attention to the N11.2 trillion figure in comparison with the N3.1 trillion allocated to the Ministry of Defence in the 2025 budget.
He acknowledged that the figures belong to different accounting and budgetary categories but argued that the comparison underscores the need for greater scrutiny of government spending and priorities.
Calls for Contract Details
Beyond pipeline security, Atiku urged the Federal Government to publish comprehensive details of major contracts, including those relating to pipeline protection and the Lagos-Calabar Coastal Highway.
He specifically called for the disclosure of procurement procedures, competing bids, evaluation reports and contract documents associated with the projects.
The ADC presidential candidate also questioned whether contractors executing federal government projects have made contributions to President Bola Tinubu’s re-election activities, calling for transparency over any such alleged financial links.
Atiku said the government must demonstrate accountability at a time when Nigerians are being asked to endure economic hardship and make sacrifices.
«“Government asking families to make sacrifices must be willing to account for every naira it claims on the public purse,” he said.»
He maintained that public funds must be properly accounted for and that Nigerians should be able to scrutinise how resources allocated to critical sectors and projects are utilised.
Atiku further said the ADC would make economic relief and improved affordability for Nigerians central to its agenda if elected in the 2027 general election.
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