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SERAP: Tinubu Faces Intensifying Pressure as 48-Hour Deadline Looms

Published

Monday, September 9, 2024 at 12:41 PM

Written by Love Patience Tarimoboere

SERAP: Tinubu Faces Intensifying Pressure as 48-Hour Deadline Looms

The Socio-Economic Rights and Accountability Project has issued a 48hour ultimatum to immediately reverse the recent increase in the pump price of Premium Motor Spirit, ‘PMS’, favorably known as petrol, and probe the Nigerian National Petroleum Company Limited, ‘NNPCL’.

In a letter dated and signed by its Deputy Director, Kolawole Oluwadare, SERAP claimed that the petrol price hike is illegal and unconstitutional.

According to SERAP, the petrol price hike represents a fundamental dispute of constitutional guarantees and the country’s international human rights obligations, especially as citizens are facing worsened economic hardships.

SERAP has also requested that President Tinubu directs the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, to investigate allegations of corruption and mismanagement within the NNPCL.

“Instead of implementing public policies to address the growing poverty and inequality in the country and hold the NNPCL accountable for alleged corruption and mismanagement in the oil sector, your government appears to be penalising the poor”.

“The petrol price increase has made it even harder for already impoverished citizens to meet their basic needs. This increase is not inevitable, as it results from the persistent failure of successive governments to tackle corruption and mismanagement in the oil sector, along with the impunity of suspected perpetrators”.

He also stated that the present rate of corruption in the oil sector, alongside, lack of transparency and accountability in the use of public funds to support NNPCL operations, has led to repeated and unlawful increases in petrol prices.

“Section 13 of the Nigerian Constitution 1999 (as amended), mandates your government to observe, conform to and apply the provisions of Chapter 2 of the Constitution. Section 15(5) requires your government to ‘abolish all corrupt practices’, including those within the NNPCL”.

He lashed out saying that the NNPCL recently increased the price of petrol from N600 per litre to N855 per litre, narrowly exceeding N900 per litre. This unlawful and unpleasant increase followed a reported refusal by suppliers to import petroleum products due to a $6 billion debt.

“The NNPCL has reportedly failed to remit USD $2.04 billion in oil revenues to the public treasury, as documented in the recent published 2020 annual report by the Auditor General of the Federation”.

The organisation recently demanded that the President addresses its recommendations within two days or face legal action to pullcompliance.

Edited By: Chinedu Eze

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SERAP: Tinubu Faces Intensifying Pressure as 48-Hour Deadline Looms

The Socio-Economic Rights and Accountability Project has issued a 48hour ultimatum to immediately reverse the recent increase in the pump price of Premium Motor Spirit, ‘PMS’, favorably known as petrol, and probe the Nigerian National Petroleum Company Limited, ‘NNPCL’.

In a letter dated and signed by its Deputy Director, Kolawole Oluwadare, SERAP claimed that the petrol price hike is illegal and unconstitutional.

According to SERAP, the petrol price hike represents a fundamental dispute of constitutional guarantees and the country’s international human rights obligations, especially as citizens are facing worsened economic hardships.

SERAP has also requested that President Tinubu directs the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, to investigate allegations of corruption and mismanagement within the NNPCL.

“Instead of implementing public policies to address the growing poverty and inequality in the country and hold the NNPCL accountable for alleged corruption and mismanagement in the oil sector, your government appears to be penalising the poor”.

He also stated that the present rate of corruption in the oil sector, alongside, lack of transparency and accountability in the use of public funds to support NNPCL operations, has led to repeated and unlawful increases in petrol prices.

“Section 13 of the Nigerian Constitution 1999 (as amended), mandates your government to observe, conform to and apply the provisions of Chapter 2 of the Constitution. Section 15(5) requires your government to ‘abolish all corrupt practices’, including those within the NNPCL”.

He lashed out saying that the NNPCL recently increased the price of petrol from N600 per litre to N855 per litre, narrowly exceeding N900 per litre. This unlawful and unpleasant increase followed a reported refusal by suppliers to import petroleum products due to a $6 billion debt.

“The NNPCL has reportedly failed to remit USD $2.04 billion in oil revenues to the public treasury, as documented in the recent published 2020 annual report by the Auditor General of the Federation”.

The organisation recently demanded that the President addresses its recommendations within two days or face legal action to pullcompliance.

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