Group Sues NNPC Chief Financial Officer over N140 billion OVH Energy Deal
THECONSCIENCE NG reports A non-governmental organisation, Incorporated Trustees of Legal Defence Against Injustice Initiative, has filed a suit at the Abuja High Court against Nigerian National Petroleum Company Limited (NNPCL) executive Adedapo Segun, seeking the refund of over N140 billion (approximately $325.09 million) allegedly linked to the company’s acquisition of OVH Energy.
According to a report by the News Agency of Nigeria (NAN), the group is urging the Court to compel Segun—currently NNPCL’s Chief Financial Officer and former Executive Vice President, Downstream—to remit the funds to the Federal Government’s treasury.
The organisation is also requesting the Court to mandate the Economic and Financial Crimes Commission (EFCC) and the Attorney-General of the Federation (AGF) to prosecute Segun for his alleged involvement in both the OVH Energy deal and transactions related to the rehabilitation of the Port Harcourt and Warri refineries.
The lawsuit, filed as a public interest case, is detailed in an originating summons marked CV/3104/2025, and was brought by the plaintiff’s counsel, Festus Ugo.
According to court documents cited by NAN, the plaintiff is seeking the following reliefs:
“An order of this Honourable Court directing the 1st defendant to pay forthwith into the treasury of the Federal Government of Nigeria [through the 2nd and 3rd defendants] the total sum of $325.09 million (N140.559 billion).
“An order of this Honourable Court directing the 2nd and 3rd defendants to forthwith prosecute the 1st defendant in relation to the roles he played in connection with the acquisition of OVH Energy by the Nigerian National Petroleum Company Limited and the rehabilitation of the Port Harcourt and Warri Refineries.”
The suit names Adedapo Segun, the EFCC, and the Attorney-General of the Federation as the 1st, 2nd, and 3rd defendants, respectively.
In addition to the refund and prosecution demands, the plaintiff is also seeking a perpetual injunction to prevent Segun from holding any public office in the future.
The legal action follows recent disclosures by the EFCC regarding funds recovered from contractors and NNPCL officials. The plaintiff argued that, despite these revelations, no formal charges have been brought forward, necessitating judicial intervention.
In a supporting affidavit, a litigation secretary stated that the suit was filed in good faith under the Oaths Act, 2004, emphasizing the need for transparency and urgent accountability in the management of public funds.
