Senate Urges AGF to Probe Nigeria’s $18bn Dividend from NLNG - THISDAYLIVE

The Senate yesterday mandated the Office of the Accountant General of the Federation to probe the reported payment of the sum of $18,323,032,261.03 as dividend from Nigeria’s 53 percent investment in the Nigeria Liquefied Natural Gas Limited between 2004 and 2020.

He asked the AGF, Ahmed Idris, to among others, confirm if the amount was actually remitted to the Nigeria National Petroleum Corporation which represents the interest of Nigeria in the NLNG. While giving the AGF two weeks to complete his assignment, the committee chairman inquired from him if he can confirm the payment of the humongous dividends to the Federation Account.

According to her, the NLNG had in the last 16 years remitted $18 billion to the NNPC as dividends to the federal government.

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