Who can explain NNPC’s N11.2trn security bill?

By Hector Igbikiowubo 
The Nigerian National Petroleum Company Limited has finally put a number to the black hole that has swallowed Nigeria’s oil wealth for years. In its 2025 audited financial report, the company casually disclosed that it spent a mind-boggling N11.2 trillion to “protect the country’s oil and gas assets on behalf of the Federal Government.”
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Let that figure sink in. N11.2 trillion. Not billion. Trillion.
For a country that is not at war, not under invasion, and not battling a foreign adversary for its oil fields, what exactly was NNPC protecting oil assets from that cost more than o...