The African Democratic Congress (ADC) has demanded full disclosure of the N7.13 trillion recorded by the Nigerian National Petroleum Company Limited (NNPC Ltd) as energy security expenditure in its 2024 audited accounts.
The opposition party said Nigerians deserved details of the spending, including beneficiaries, payments made, outcomes achieved and any independent assessment of the expenditure.
In a statement by its National Publicity Secretary, Bolaji Abdullahi, the ADC questioned the sharp rise in energy security costs, comparing the figure with the controversial pipeline surveillance contract of about N48 billion discussed in previous years.
“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,” Abdullahi said.
The party said the amount represented an increase of almost 14,800 per cent and argued that the public deserved an explanation for the scale of the expenditure.
The ADC also raised concerns over the reported involvement of Tantita Security Services Nigeria Ltd, linked to Government Ekpemupolo, popularly known as Tompolo, in pipeline surveillance contracts, noting his recent role as a supporter of President Bola Tinubu’s 2027 re-election campaign.
The party said the connection made transparency more important to ensure public funds meant for protecting oil infrastructure were not diverted for political activities.
“Nigerians are entitled to know how much has been spent on pipeline surveillance and energy security since President Bola Tinubu came into office, who received the contracts, how much was paid, what results were achieved, and whether any independent value-for-money assessment was carried out,” the statement added.
The ADC urged the Presidency, NNPC Ltd and relevant National Assembly committees to publish full details of the expenditure, saying the key question was not only how much was spent but what Nigeria had gained from it.
