The Senate Committee on Gas directed the Nigerian National Petroleum Corporation and the Central Bank of Nigeria to submit all the supporting documents backing the 45 withdrawals made from the account of the Nigeria Liquefied Natural Gas from 1999 till date within one week
The senate panel, which was set up because of the alleged mismanagement of the NLNG dividends’ accounts, asked the CBN and NNPC to specifically include the 22 schedules of dividend payments and withdrawals from May 2015 without the National Assembly approval.
Senator Bassey Akpan who is the Chairman of the committee, instructed the representatives of the two major institutions to include the process for the withdrawals and the authorising institutions in their submissions.
The chairman of the committee said: “We want the NNPC to supply all the withdrawals on the NLNG accounts and all the supporting documents.
“The account belongs to Nigerians but you are running it in trust for the nation. We want details of the 22 withdrawals made which amounted to $3.12bn as well as other withdrawals which are 45 in all from 1999 till date.
“The CBN should also include in its submission, details of other individuals and institutions who also gave orders for withdrawals apart from the NNPC.”