Reps Summon NNPC, NLNG Management Over Alleged $1.05bn Withdrawals

 


The House of Representatives has resolved to summon the management of Nigerian National Petroleum Corporation (NNPC) and the Nigeria Liquefied Natural Gas (NLNG) over alleged withdrawals of $1.05bn from the NLNG dividends accounts.

This is sequel to the adoption of a motion sponsored under ‘Matters of Urgent Public Importance by the House Minority Leader, Ndudi Elumelu at plenary.

Presenting the motion, Elumelu alleged that the NNPC, who represents the government of Nigeria on the board of the NLNG, had unilaterally tampered with the funds at the NLNG dividends account to the tune of $1.05 billion dollars, thereby violating the nations appropriation law.

According to him the alleged withdrawals were without the required consultations with states and the mandatory appropriation from the national assembly.

The House thereafter mandated its committee on public accounts to invite the management of the NNPC as well as that of the NLNG and conduct a thorough investigation on activities that have taken place on the dividends account and report back to the house in four weeks for further legislative action.

28 thoughts on “Reps Summon NNPC, NLNG Management Over Alleged $1.05bn Withdrawals

Comments are closed.