45 withdrawals made from NLNG dividends account in 19yrs

There were more revelations Thursday as the Senate Committee on Gas investigating the alleged $1.05 billion withdrawn from the Nigeria National Petroleum Corporation dividends in the Nigeria Liquefied Natural Gas was told that over 45 withdrawals were made from the NLNG dividend account with the Central Bank of Nigeria since 1999.

The Chief Financial Officer of the NNPC, Mr Isiaka Abdulrasaq, who stood in for the Group Managing Director of NNPC, Mr Maikati Baru, told the Senate Committee on Gas headed by Senator Albert Akpan (Akwa Ibom North East) at Senate Committee Room 221 that since the NLNG Dividends Account was opened with CBN in 1999 not less than 45 withdrawals had been made from the account.

Akpan said from the brief the NNPC submitted to the committee, there were a lot of missing links which the Committee will require to do its job. Akpan therefore directed the NNPC to furnish the Committee with information on all dividends accruing from the NLNG and all withdrawals from the account since 2015.

The Committee Chairman also told the Acting Director of Banking Services of CBN, Mr Christopher Olumukore, who stood in for CBN Governor Godwin Emefele to also submit within one week ” all the withdrawal authorisation you had including all the originating mandates and all the approvals”. Akpan said the committee will reconvene on December 1″ to look at all the submissions by both NNPC and CBN”.

Source: THIS DAY

 

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