Home Business Withdrawal of $20bn from NLNG acct: Reps demand explanation from NNPC

Withdrawal of $20bn from NLNG acct: Reps demand explanation from NNPC

by Kunle Awosiyan
NNPC

The House of Representatives has asked the management of the NNPC to furnish it with records of withdrawals OF OVER TWNETY BILLION DOLLARS from the account OF THE NIGERIAN LIQUIFIED NATURAL GAS, NLNG.

THIS FOLLOWS THE LAWMAKERS DISATISFACTION with the defence of the Nigeria National Petroleum Corporation (NNPC) over the audit query on the alleged illegal withdrawal.

The House Committee on Public Accounts investigating the alleged illegal withdrawal also directed the NNPC to furnish it with records of utilisation of such funds as well as all necessary approvals obtained for the withdrawal of the money which is part of the TWENTY ONE BILLION DOLLARS accruing to the government as dividends from the NLNG.
The request is contained in a letter . Oluwole Oke and addressed to the NNPC Group Managing Director, Mele Kyari,

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