Atiku Demands NNPC Books, Pipeline Contracts Disclosure, Alleges Campaign Financing Link

Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has demanded full disclosure of the Nigerian National Petroleum Company Limited’s financial records, including contracts and payments linked to pipeline security.

Atiku, in a statement issued on Sunday by his Director of Strategic Communication, Phrank Shaibu, also questioned the approximately ₦11.2 trillion recorded by NNPC as other receivables from the Federation in its 2025 accounts.

He demanded that the government explain how much of the money was spent on protecting oil and gas infrastructure, identify the beneficiaries of such payments and provide evidence of the services rendered.

According to Atiku, NNPC’s 2024 accounts contained about ₦17.5 trillion in various claims on the Federation, including petrol under-recovery and other receivables, while its 2025 accounts showed approximately ₦11.2 trillion in other receivables from the Federation.

He argued that Nigerians should be able to determine from the accounts what portion of the funds was allocated to pipeline surveillance and how the expenditure translated into improved security of oil facilities.

Atiku also drew comparisons between the NNPC figure and the 2025 allocation to the Ministry of Defence, which he put at about ₦3.1 trillion.

He said the difference raised questions about government spending priorities, particularly amid persistent insecurity affecting communities, schools and major highways across the country.

Beyond NNPC’s finances, the ADC candidate questioned the relationship between companies holding government contracts and President Bola Tinubu’s re-election campaign.

He specifically cited Tantita Security Services, which holds a pipeline surveillance contract, and its founder’s reported political support for Tinubu.

Atiku also raised questions over the Lagos-Calabar Coastal Highway contract involving a company associated with the Chagoury family, alleging that the project was awarded without an open public tender.

He challenged the Federal Government to publish the invitations to bid, competing bids, evaluation documents and contract details relating to the project.

The former vice president further called on the government to disclose what contractors mentioned in his statement have received from the government and whether they have provided financial or material support to Tinubu’s 2027 re-election campaign.

“Why must Nigerians drag every document out of a government spending their money?” Atiku asked, according to the statement.

He also criticised the President over his recent remarks following his return from a four-week stay in Europe, which the Presidency described as a working vacation.

Atiku said the comments reflected a disconnect between the government and Nigerians facing rising living costs, insecurity, poor infrastructure and other socioeconomic challenges.

He called on the Tinubu administration to account for public funds and provide greater transparency over government contracts and expenditures.

The statement was signed by Phrank Shaibu, Director of Strategic Communication, ADC Presidential Campaign Council, on October 4, 2026.