Oil and Gas
SERAP sues Tinubu, demands price reduction of petrol to N600 per litre in court
The Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu over the recent increase of petrol price to N845 per litre. It is seeking a reduction of the price to N600 per litre. SERAP announced this action in a statement on Sunday. It filed the suit at the Federal High Court in Abuja on Friday through its lawyer, Ebun-Olu Adegboruwa. The suit, with number FHC/ABJ/CS/1361/2024, is seeking to direct the NNPCL to reverse the apparently unlawful increase in the pump price of petrol to N600 per litre. The suit was also instituted for the failure of the President to investigate allegations of corruption and mismanagement leveled against the NNPCL. SERAP is urging the court to compel President Tinubu to direct the NNPCL to reverse “the unjust, illegal, unconstitutional, and unreasonable increase in the price of petrol from N845 per litre to N600 per litre.”
It is also urging the court to direct the Attorney General of the Federation (AGF) and relevant anti-corruption agencies to investigate the allegations of corruption and mismanagement within the NNPC. SERAP urged the court to deal precisely with anyone suspected to be responsible for the alleged corruption and mismanagement in the NNPCL. It said the increase in petrol prices constituted a fundamental breach of constitutional guarantees and the country’s international human rights obligations. “Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support NNPC operations have led to persistent and unlawful hikes in petrol prices. “Increasing petrol prices at a time when millions of Nigerians face worsening economic conditions is entirely inconsistent with constitutional and international obligations to ensure minimum living conditions compatible with human dignity.” No date has been fixed for hearing of the suit.
-
News1 day agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime1 day agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy1 day agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance1 day agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business1 day agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture1 day agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Economy4 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas4 hours agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery
