Thread by @DavidHundeyin

In a country that has a Freedom Of Information Act, I cannot go to the NNPC website and find out everything I need to know about Duke Oil - a company it has owned since 1989.

I have to go to UK and UAE public records to find out who is on the board of a Nigerian public company.

This Nigerian public sector entity is not registered under its international name (Duke Oil) with Nigeria's Corporate Affairs Commission.

There is even controversy over where its is actually based. Is it Abuja? London? Dubai? Panama? Nobody really knows.

A public sector entity.

The Panamanian law firm Alemán, Cordero, Galindo & Lee, which is now internationally recognised for being the go-to consultant for money laundering in Panama, is the law firm retained by this shadowy public sector entity.

All this in a country with a Freedom Of Information Act.

In fact the only publicly available information about this ghost company responsible for satisfying Nigeria's entire petrol demand is a statement of accounts claiming that its 2020 annual profit as a monopoly in a market of 180 million people was N554 million.

This statement of accounts was apparently audited by a small audit firm that 99.9% of Nigerians have never heard of before.

We have a Freedom Of Information Act supposedly. But how can anyone prove that the N500m figure is bogus? Maybe we should go to Panama...