Reverse Fuel Price Hike – SERAP To Tinubu
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to revert the recent hike in price of petrol.
SERAP asked Tinubu to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately undo the most recent increase in gasoline prices, which is the second in as many months.
In an open letter dated October 12, 2024, and signed by Kolawole Oluwadare, SERAP’s deputy director, the group pleaded with President Tinubu to postpone the hike until after the conclusion of an Abuja Federal High Court lawsuit.
The legitimacy of the NNPCL’s power to increase gas prices is contested in the lawsuit. Due to their failure to stop the original price increase and look into claims of corruption and poor management at the NNPCL, SERAP filed a complaint against the president and the organization last month. Eyes Of Lagos reports,
SERAP is still fighting for accountability and openness in Nigeria’s fuel management and pricing.
According to the organization, there is a chance that the Federal High Court case will be severely hampered or tainted by the most recent spike in gas prices, which also makes a farce of the lawsuit.
“That the rule of law applies to everyone, including presidents and CEOs of public institutions, is one of its fundamental principles.”
SERAP contends that upholding the legitimacy and authority of the court in this particular instance, as well as maintaining the clear and unclouded streams of justice, are in the public interest.
The letter, read in part: “SERAP notes that since assumption of office in May 2023 you have repeatedly promised, including in your inaugural speech, that ‘Nigeria will be impartially governed according to the Constitution and the rule of law.’
“Increasing petrol prices while the Federal High Court case is pending would prejudice and undermine the ability of the court to do justice in the case, damage public confidence in the court, prejudice the outcome of the case, as well as impede the course of justice.
“We would be grateful if the recommended measures are immediately taken following the receipt and/or publication of this letter, failing which SERAP shall consider contempt proceedings and/or other appropriate legal actions to compel your government and NNPCL to comply with our request in the public interest.
“If not immediately reversed, the latest increase in petrol prices would seriously undermine the integrity of the Nigerian Constitution and have serious consequences for the most vulnerable and disadvantaged Nigerians and the public interest.”
The group stated that protecting the right to a judicial recourse and due administration of justice is of utmost importance.
SERAP pointed out that by reversing the latest increase in petrol prices would allow the court to render a decision on the central issues in the case, and protect the applicant’s rights and interests.
According to the organisation, the latest increase in petrol prices while the Federal High Court case is pending constitutes an interference with its right to fairly and effectively pursue a judicial challenge to Tinubu and NNPCL’s decision regarding the first increase in petrol prices.
It said: “The retail price of petrol was increased from N897 to N1,030 per litre. This is the second increase in one month, and followed the increase in September from N600 to N855 per litre, and in some instances above N900 per litre.
“The two increases followed a scarcity caused by the reported refusal by suppliers to import petroleum products for the NNPCL over a $6 billion debt.
“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the Nigerian National Petroleum Corporation (NNPC) failed to remit over USD$2 billion and N164 billion of oil revenues into the Federation Account. The Auditor-General fears that the money may have been diverted into private pockets.
“The NNPCL reportedly failed and/or refused to remit N151,121,999,966. The NNPCL without any justification deducted the money from the oil royalties assessed for 2020 by the Department of Petroleum Resources (DPR) now Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
“The NNPCL has failed to account for the missing public funds. The Auditor-General wants the money recovered and remitted into the Federation Account.
“The NNPCL also failed to remit USD$19,774,488.15 collected as government revenue to the Federation Account. The Auditor-General wants the NNPCL to account for the money, recover and remit it into the Federation Account, and to hand over those suspected to be involved to the ICPC and the EFCC.
“The Nigerian Petroleum Development Company (NPDC) Ltd also reportedly failed to account for USD$2,021,411,877.47 and N13,313,565,786.49 of royalties collected from crude oil and gas sales and gas flare.
“The Auditor-General wants the public funds fully recovered and remitted into the Federation Account and for those suspected to be responsible for the missing public funds to be handed over to the ICPC and the EFCC.
“SERAP last month filed a lawsuit asking your government and NNPCL challenging the lawfulness of the increase in the pump price of petrol, and the failure to probe the allegations of corruption and mismanagement in the NNPCL.
“Joined in the suit as Respondents is the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN. The suit number FHC/ABJ/CS/1361/2024 was filed at the Federal High Court, Abuja.
“Increasing petrol prices would compromise the interest of the Applicant in the Federal High Court case filed against your government and the NNPCL, as the second increase in one month directly touches on the central issues and the legality of the first increase, which the court is set to determine and rule upon.
“The core of the principle of judicial independence is the complete liberty of the judge to hear and decide the cases before them on the basis of facts and in accordance with the law, without any improper interference, direct or indirect.”
