Senate directs AGF to probe $18b NLNG dividend - The Nation Nigeria

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Senate Joint Committee on Finance and National Planning has directed the AGF, Ahmed Idris, to investigate the payment of $18.323billion being dividends accrued to the country from the Nigeria Liquified Natural Gas Limited

Senate Joint Committee on Finance and National Planning has directed the Accountant-General of the Federation , Ahmed Idris, to investigate the payment of $18.323billion being dividends accrued to the country from the Nigeria Liquified Natural Gas Limited between 2004 and 2020.

According to a statement by his Special Adviser on Media, Kayode Odunaro, in Abuja, the AGF was mandated to investigate the cash which was actually remitted to the Nigerian National Petroleum Corporation and how much was actually remitted to the Federation Account. The General Manager at NLNG, Mrs. Eyono Fatai-William, had presented a financial summary of the company from 1999-2019 and said the NLNG had paid a dividend of over $18 billion to Nigeria between 2004 and 2019.Fatai-William also insisted that the NLNG is committed to a culture of transparency and integrity.

Others are: $2,509,780,000; $2,768,990; $1,260,704,340; $1,389,908,436.93 ; $1,043,764,965.12 , 2016; $798,140,840.45 ; $904,498,502.96 and $915,645,702.33 .

 

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