In an update published by Channels TV, the Socio-Economic Rights and Accountability Project (SERAP) has urged President Tinubu to investigate the N5.9 billion spent by the Nigerian National Petroleum Company (NNPC) Limited on rebranding. The advocacy group described the expenditure as “outrageous and insensitive” given the country’s current economic struggles.
SERAP’s petition demands that the officials responsible for authorizing the payment be identified and prosecuted if found guilty of misappropriation. The group argues that such funds should have been directed toward improving the country’s decaying refinery infrastructure or social welfare programs.
The NNPC rebranding, which followed its transition into a private entity, has been a point of contention for months. Critics argue that the physical changes to logos and signage do not reflect any actual improvement in the company’s operational efficiency or transparency.
The Punch corroborated the story, stating “SERAP has threatened legal action if no probe is initiated within seven days,” and Daily Post quoted the group as saying, “public funds must be accounted for in the interest of the people.”
Echotitbits take: The “new” NNPC is still under the microscope. This rebranding scandal keeps the pressure on Mele Kyari and his team to prove that the transition to a limited liability company was more than just a cosmetic exercise.
Source: The Punch – https://punchng.com/probe-%E2%82%A65-9bn-nnpc-rebranding-cost-serap-urges-tinubu/, March 15, 2026
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