The Nigerian National Petroleum Company Limited (NNPCL) is facing fresh allegations that fuel subsidy may be returning through indirect financial arrangements, as a coalition of energy policy experts calls for greater transparency in the company’s operations.

The Association of Energy Policy and Development Consultants (AEPDC) said figures in NNPCL’s 2024 financial records showed about ₦17.5 trillion in claims and under-recovery costs, including ₦7.13 trillion reportedly spent on energy security and pipeline protection.

In a statement signed by its National President, Dr. Ibrahim Danjuma, the group said while protecting oil and gas infrastructure is necessary, spending of such magnitude should be backed by detailed public disclosures. It urged NNPCL to reveal the beneficiaries of the contracts, procurement processes, project timelines, performance outcomes, and the value delivered.

The consultants argued that vague classifications should not be used to shield public spending from scrutiny, warning that the continued emergence of large financial claims could reinforce public perceptions that fuel subsidy obligations are returning through other channels.

The group also called on the National Assembly to conclude its investigation into energy security contracts and make its findings public, saying greater openness is needed to restore confidence in the national oil company.

AEPDC further urged the Federal Government to strengthen oversight of NNPCL through regular independent audits and public reporting on spending related to energy security and pipeline surveillance.

The association also challenged NNPCL Group Chief Executive Officer, Bayo Ojulari, to rebuild public trust through transparent management, saying he should consider stepping aside if he is unable to restore confidence in the company.