Nigerian Senate Demands Probe Of $18bn NLNG Dividend To NNPC

The Accountant-General of the Federation, Mr Ahmed Idris, has been directed by the Nigerian Senate to investigate the $18.32bn, which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum Corporation between 2004 and 2020.

Chairman, Senate Joint Committee on Finance and National Planning, Solomon Adeola, gave the directive at the ongoing stakeholders public hearing on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The General Manager (External Relations and Sustainable Development) of NLNG, Mrs Eyono Fatai-Williams, had appeared before the panel to present the financial activities of the company from 1999-2019.

Fatai-Williams told the panel that the company paid a dividend of over $18bn to NNPC from 2004 to 2019, while emphasissing that the NLNG was committed to a culture of transparency and integrity.

She also disclosed that the NLNG remitted $9bn as tax to the Nigerian Government from 2011 to date, adding that additional $15bn had also been remitted for field gas to the NNPC since inception of the company.

Comments

$114.28m COVID-19 loan: SERAP asks World Bank to make Nigeria ‘publicly commit to transparency’

Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good offices to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the $114.28m credit and grant for COVID-19, which the Bank’s Board of Directors recently approved for Nigeria, including by publishing details on a dedicated websit". SERAP also urged Mr Malpass to “put pressure on authorities and the 36 state governors to accept voluntary scrutiny by Nigerians and civil society regarding the spending of the funds and use of the resources, including on how they will spend the money to buy medical equipment, and improve access to clean water, sanitation and hygiene" The World Bank Board of Directors last Friday approved a $114.28 financing “to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level...

Notorious Fulani Boys Killing Farmers In Edo Forest Caught & Their Confession

Notorious Fulani Boys Killing Farmers In Edo Forest Caught And Their Confession Will Shock U. Video Below:

Looted COVID Palliatives Were Meant For Special Vulnerable Group – Kwara Govt

The state government in a statement signed by the Commissioner for Communications, Harriet Afolabi-Oshatimehin, on Friday, said the items were meant for the poor and a special group of vulnerable people. The Commissioner said further that CACOVID and the state government on September 23rd flagged off the distribution of the palliatives and had distributed the majority of the palliatives to the identified vulnerable households in 15 of the 16 local government areas of the state. “The remaining palliatives in the terminal, which the hoodlums preyed on until chased away by security agencies, were meant for special vulnerable groups and just one local government where names of the beneficiaries have just been delivered and officials have started distributing when the street urchins breached the wall of the facility,” the statement added. Afolabi-Oshatimehin explained that the looted items were meant for specific households, as dictated by CACOVID, and so names had to be properly gene...

ExtMedia

Search This Blog