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House Investigates NNPC/NLNG Over $1.05bn Withdrawals

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 House of Representatives has resolved to summon 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 followed adoption of a motion under matters of urgent public importance moved by the House Minority Leader, Ndudi Elumelu  during tuesdays’ plenary.

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

 He said the alleged withdrawals were without the required consultations with states and mandatory appropriation from the national assembly.

The house mandated its committee on public accounts to invite the management of the NNPC including that of the NLNG so as to conduct a thorough investigation into the alleged withdrawals and report back to the house in four weeks.