Publish NNPC contracts, payments, N11.2trn records, your campaign funding – Atiku to Tinubu
Atiku Abubakar Calls for Transparency in NNPC Financial Records
LAGOS, Nigeria — Atiku Abubakar, the presidential candidate for the African Democratic Congress (ADC), has demanded a comprehensive accounting of the N11.2 trillion reported by the Nigerian National Petroleum Company Limited (NNPCL).
In a statement released on Sunday, Abubakar urged President Bola Tinubu to publish detailed information on contracts, payments, and the funding sources for the president’s re-election activities.
Phrank Shaibu, the Director of Strategic Communication for the ADC Presidential Campaign Council, conveyed Abubakar’s concerns, stating that NNPCL should clarify the debts owed to it by the Federation, which include costs associated with the protection of Nigeria’s oil and gas assets.
Abubakar emphasized that the Nigerian public has the right to understand how much of the reported claims were allocated for safeguarding oil infrastructure and who received these funds. “Nigerians deserve to know,” he said, adding that it is unacceptable for families to be anxious about their children’s safety while the government has not transparently accounted for billions spent on security.
According to NNPC’s financial accounts for 2024, the company reported approximately N17.5 trillion in various claims against the Federation, including costs related to petrol under-recovery and asset protection. The accounts for 2025 indicated that NNPC is owed about N11.2 trillion in receivables from the Federation.
Abubakar criticized the lack of clarity regarding expenditures on pipeline surveillance and questioned the accountability of such funds. He pointed out that in 2025, the Nigerian Ministry of Defence received around N3.1 trillion, significantly less than the N11.2 trillion reported by NNPC.
“This contrast highlights the administration’s priorities,” Abubakar stated. He argued that the discrepancies between funding for the oil sector and national defense illustrate a profound imbalance in government spending.
Abubakar concluded by expressing concern for the safety of citizens and questioned why the government can justify expenditures on pipeline security but struggles to assure the public of their safety.
