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YPP demands forensic audit of NNPCL over alleged $40bn

by Honesty Victor
January 1, 2026
Reading Time: 1 min read
How NNPCL CFO approved N3.4bn payments without GMD’s consent
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The Young Progressives Party (YPP) has demanded an urgent forensic audit of the Nigerian National Petroleum Company Ltd. over an alleged unaccounted $40 billion.

In a statement on Wednesday in Abuja, its National Publicity Secretary, Mr Egbeola Martins, said the allegation required immediate national attention and accountability.

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Martins said the figure was almost equivalent to Nigeria’s foreign reserves, warning that the matter must be handled with urgency, transparency and seriousness.

“This revelation raises grave concerns that no responsible government should ignore,” he said.

The party also urged the Federal Government to urgently resolve discrepancies in the recently gazetted tax law before its full implementation.

Martins said authorities must investigate the anomalies and ensure those responsible were identified, prosecuted and punished according to the law.

On security, the YPP commended the Federal Government’s renewed efforts to tackle insecurity across several parts of the country.

It praised recent airstrikes on terrorist enclaves in Sokoto carried out by the United States in collaboration with Nigerian security forces.

Martins urged the government to sustain the momentum nationwide and reject negotiations with terrorists or their sympathisers under any circumstance.

“The government must decisively identify, expose and deal ruthlessly with terrorist financiers, enablers and supporters.

“Terrorism survives on funding and support networks, and until this oxygen is cut off, lasting peace will remain elusive,” Martins said.

The party cautioned against the weaponisation of the EFCC and other anti-graft agencies ahead of the 2027 general elections.

It warned that selective justice weakens institutions, undermines democracy and erodes public confidence in governance.

Martins called on Nigerians to mobilise and reclaim their power through the ballot in 2027.

“The future of our democracy depends on active participation, not apathy,” he said.

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