In a letter dated June 3, 2025, and signed by human rights lawyer, Femi Falana (SAN), ASCAB said the demand was based on court judgments and reports by government agencies which, according to the group, established that huge sums in unpaid royalties, taxes and dividends remain outstanding.
The Alliance on Surviving COVID-19 and Beyond (ASCAB) has called on the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), to initiate legal action to recover what it described as over $120.5 billion and N66.4 billion allegedly owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and other oil and gas companies.
In a letter dated June 3, 2025, and signed by human rights lawyer, Femi Falana (SAN), ASCAB said the demand was based on court judgments and reports by government agencies which, according to the group, established that huge sums in unpaid royalties, taxes and dividends remain outstanding.
The letter, titled “Request to Recover Dividends, Taxes and Royalties Worth $120.5 Billion and N66.4 Billion From NNPCL and Other Companies and Remit Same to the Federation Account,” was addressed to the Attorney-General in Abuja.
Falana stated that ASCAB was drawing the government's attention to “relevant judgments of courts of competent jurisdiction and reports of some agencies of the Federal Government which have established that the Government of the Federation is owed the sum of $120.5 billion and N66.4 billion being outstanding royalties, taxes and dividends.”
