NNPC

Senate requests NNPC to submit withdrawal of $3.1 billion from NLNG dividends account

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Senate Committee on Gas has requested from the Nigeria National Petroleum Corporation (NNPC) to give details of $3.1 billion withdrawn from Nigeria Liquidfied Natural Gas (NLNG) dividends account in 22 tranches.

 

The Chairman of the Committee, Senator Bassey Akpan made this request at the investigative hearing on alleged illegal withdrawal from NLNG dividends account from May 2015 till date.

 

Although, NNPC represented by Executive Director of Finance, Abdulrazak Isiaka failed to provide details of withdrawals as demanded by the Committee, but he told the lawmakers that there is need to look into withdrawals from 1999 in about 44 tranches.

 

 

But the Committee replied the Executive Director of Oil Coloration that the jurisdiction of the Committee is within 2015 May till date.

 

Thereafter, the lawmakers resolved to adjourn the hearing till December 4, and expected the  relevant documents to be submitted by November 30 to the Secretariat of the Committee.

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