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updated 10:20 AM UTC, Dec 13, 2023

Senate Committee Grills NNPC Over Unauthorized Withdrawal From NLNG Dividend Account

Unic Press UK: The Nigerian National Petroleum Corporation (NNPC) will provide the financial details of the Nigerian Liquefied Natural Gas (NLNG) Dividends Account from 1999 record to date, hoping that the information when made available to the Nigerian Senate and the general public, would give a comprehensive insight into the operations of the account.

Speaking during a session of the Senate Committee on Gas, the NNPC Group Managing Director, Maikanti Baru, who was represented by the Chief Financial Officer (CFO), Isiaka Abdulrasaq suggested to the Committee to carry out a more holistic perusal of the NLNG Dividends Account from inception, not a limited examination.

In his remarks, the Chairman, Senate Committee on Gas, Senator Bassey Akpan reiterated that the committee’s terms of reference limit its investigation to the operations of the account from 2015 record to date, though it welcomes additional information, including the record from 1999.

The Senate committee adjourned to 4th December, 2018, demanding that the NNPC and the Central Bank of Nigeria (CBN) provide the details of the operations of the NLNG Dividend Account this month.

 

 

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