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Reps Write NNPC over $20 3bn Withdrawals, Demands Records from NLNG Accounts

ABUJA – The House of Representatives Committee on Public Accounts has written to the Nigerian National Petroleum Corporation (NNPC), demanding full details of the $20.3 billion said to have been illegally withdrawn from the Nigerian Liquefied Natural Gas (NLNG) account as contained in the audit query of the Auditor General of the Federation now before the Natiional Assembly. The Committee’s request was contained in a letter with Reference No: HR/PAC/SCO5/9NASS/QUE.9/974 dated 7th December, 2020 signed by its Chairman, Hon. Oluwole Oke(PDP-OSUN) and addressed to the NNPC Group Managing Director, Malam Mele Kyari. The lawmakers who expressed dissatisfaction with the explanations so far given by NNPC, also asked for the comprehensive financial records of the corporation with expenditure details of funds utilisation from the inception of NLNG to date.

NNPC to brief governors on audited accounts

Share Authorities of Nigerian National Petroleum Corporation (NNPC) will, on Wednesday, brief the 36 State Governors on the audited reports. The presentation, according to Director General of Nigeria Governors’ Forum (NGF), Asishana Okauru, will take place during the 25th teleconference meeting, to be chaired by its Chairman, Governor Kayode Fayemi of Ekiti State. “The Nigeria Governors’ Forum will be hosting its 25th teleconference meeting and its 2nd this year. “The meeting according to the DG Asishana Okauru is a single topic agenda where the NNPC would make a presentation on what states should know about NNPC Audited reports. “On the team to the meeting is DFID as well. DG of NGF, advises governors to join on Wednesday, February 10 by 2 pm,” the NGF Media office noted.

Inside Nigeria s multibillion-dollar abandoned oil, gas projects – Punch Newspapers

Inside Nigeria’s multibillion-dollar abandoned oil, gas projects Published 8 February 2021 Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in Nigeria had been hanging in the balance. In this report, ’FEMI ASU examines the impact of project delays and/or cancellations in the nation’s oil industry as well as the economy Nearly nine years ago, one of the agencies in the Ministry of Petroleum Resources acquired 10.2 hectares of land for the construction of what was to become the first pipe mill in the country, and help meet the industry line pipe demand estimated at more than 800,000 tonnes per annum.

$20 3bn: Reps write NNPC, demand records of withdrawals from NLNG accounts from inception

Reps demand records of withdrawals from NLNG accounts from inception

By Levinus Nwabughiogu Abuja House of Representatives Committee on Public Accounts has written to the Nigerian National Petroleum Corporation, NNPC, following the audit query of the Auditor-General of the Federation on the $20.3 billion illegal withdrawals from the Nigerian Liquefied Natural Gas, NLNG, account, requesting full details. The Committee which showed dissatisfaction with the explanations so far given by NNPC also asked for the comprehensive financial records of the corporation with expenditure details of funds utilisation from the inception of NLNG to date. The Committee’s request was contained in a letter with Reference No: HR/PAC/SCO5/9NASS/QUE.9/974 dated December 7, 2020 signed by its Chairman, Oluwole Oke and addressed to the NNPC Group Managing Director, Mele Kyari.

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