Former Vice President and ADC presidential candidate, Atiku Abubakar, has demanded a full account of the N11.2 trillion recorded by the Nigerian National Petroleum Company Limited (NNPCL) as money owed to it by the Federation for advances and costs that include protection of oil and gas assets.
Atiku said President Bola Tinubu must publish the contracts, payments and results of the expenditure and disclose who is funding his re-election activities.
In a statement on Saturday, October 4, 2026, by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku said Nigerians deserve to know how much of the huge claim went to pipeline surveillance, who received the money and what protection it bought.
“A mother should not have to pray her child survives the journey to school while her government cannot plainly explain the billions it spends on security. Tinubu must answer to the people living with these choices,” Atiku said.
He noted that NNPC’s 2024 accounts recorded roughly N17.5 trillion across different claims on the Federation, including petrol under-recovery and other receivables linked to advances and asset protection, while its 2025 accounts now show approximately N11.2 trillion in other receivables from the Federation.
“Nigerians cannot tell from these totals what was spent on pipeline surveillance. What was paid? Who was paid? For what work? Where are the results?” he asked.
Atiku also questioned the imbalance in spending, noting that in 2025 the Ministry of Defence received about N3.1 trillion, while NNPC recorded N11.2 trillion in other receivables from the Federation, more than three times the defence allocation.
“These figures belong to different accounting categories, but their contrast is stark: under Tinubu, sums tied to the oil sector dwarf the resources allocated to defend the country. That is a damning measure of this administration’s priorities,” he said.
He called on the Federal Government to publish details of pipeline security contracts and the Lagos-Calabar Coastal Highway contract, including procurement process, competing bids, evaluation and contract documents, and to disclose whether contractors handling federal projects have contributed to the President’s re-election campaign.
Atiku said the disclosure was necessary at a time when bandits threaten schools, travellers fear the highways and families wait anxiously for loved ones to get home.
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