The Nigerian National Petroleum
Corporation (NNPC) says the senate has confirmed that $1.05 billion from
Nigeria Liquefied Natural Gas (NLNG) is not missing.
According to a statement signed
by the NNPC spokesman, Ndu Ughamadu, the funds were used to support the
importation of petroleum products into the country.
“The Chairman of the Senate
Committee on Gas, Senator Bassey Albert, Thursday in Abuja, clarified that the
ongoing investigation of the application of $1.05billion Nigeria Liquefied
Natural Gas (NLNG) dividend to support the importation of petroleum products
into the country has nothing to do with any missing funds since no such money
was missing in the first place,” the statement read.
Albert, who doubles as the
chairman of the senate committee on the application of the NLNG dividend,
explained that the clarification became necessary due to sensational and
misleading reports in
some sections of the media.
He said the mandate of the
committee was to determine the instrument under which NNPC relied upon to
affect the said withdrawal and subsequent application of the NLNG dividend to
meet pressing national demand for fuel supply, noting that the committee relies
on NNPC to provide informed perspective on the issues.
The senate committee chairman
emphasized that the engagement with NNPC was to understand the rudiments of the
account flow and also to discover how the Committee, working in harmony with
NNPC, could make the NLNG dividend more effective and beneficial to the nation.
Maikanti Baru, the NNPC GMD,
pledged the willingness of the corporation to support the Committee in its
assignment, saying that relevant documents have been supplied to the panel to
enable it determine the veracity or otherwise of NNPC’s perspective.
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com