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

EndSARS: Protesters In New York Want SARS Operatives Sacked

Hundreds of young anti-SARS protesters on Sunday stormed the Nigeria House in New York demanding transparency in the disbandment of the police unit back home. The protesters said operatives of the Special Anti-Robbery Squad found wanting should be sacked and not redeployed. Among them was Stephen “Papi” Ojo, the artist, model, and choreographer who stole the show as the ‘blue-guy’ in Beyoncé’s “Already” music video. The protest started shortly after the Inspector-General of Police, Mohammed Adamu, announced the dissolution of the Federal Special Anti-Robbery Squad. Adamu also announced plans for a new arrangement to address anticipated policing gaps following the disbandment, and the constitution of an investigative team to probe the alleged cases of rights violations, among others. But the protesters, who bore placards with different inscriptions including, “We no want audio ban”, said they were not buying it. They argued that previous commitments announced by the force to change...

Police Panel Submits ‘Damning Report’ On Disgraced DCP, Abba Kyari

The Special Investigation Panel set up by the Inspector-General of Police, Usman Baba, to probe the former Head, Intelligence Response Team, Abba Kyari, a suspended Deputy Commissioner of Police, has submitted its report. The four-man panel headed by the Deputy Inspector-General of Police in charge of the Force Criminal Investigations Department, Joseph Egbunike, submitted its findings to the IG on Monday. Information from a reliable source states that the panel submitted ‘damning findings’ in its report, although the DCP continued to prove innocence in the face of the accusations. The source had yet to reveal further details of the report. The United States Attorney’s Office, Central District of California, had issued an arrest warrant against Kyari for his alleged links to the suspected fraudster, Ramon Olorunwa Abbas, alias Hushpuppi, who is standing trial for various offences that include internet fraud and money laundering. Hushpuppi has since pleaded guilty to the char...

Biden Announces Purchase Of 200M Vaccine Doses

President Joe Biden announced a series of measures on Tuesday aimed at ramping up coronavirus vaccine allocation and distribution, including the purchase of 200 million more vaccine doses and increased distribution to states by millions of doses next week. With those additional doses, Biden said there would be enough to fully vaccinate 300 million Americans -- nearly the entire US population -- by the end of summer or early fall. He described efforts to combat Covid-19 as a "wartime undertaking." We now have a national strategy to beat Covid-19. It's comprehensive. It's based on science, not politics. It's based on truth, not denial, and it is detailed," he said. As part of the new efforts announced Tuesday, the US will buy 100 million more doses from Pfizer/BioNTech and 100 million more from Moderna -- the two-dose vaccines that have been granted emergency use authorization by the US Food and Drug Administration. Pfizer and Moderna are working to step up p...

ExtMedia

Search This Blog