Nigerian Senate to probe NNPC access to NLNG funds
ABUJA, November 7, 2018 – The Nigerian Senate has voted to investigate claims that the NOC withdrew USD 1.05 billion from Nigeria LNG (NLNG), international media reported Tuesday.
Earlier in the week, local media had published allegations that the Nigerian National Petroleum Corporation (NNPC) had spent NLNG earnings that should have gone to local and state governments on fuel purchases and subsidies.
The Senate voted to investigate the claims as the NOC had not been authorised to spend the funds, Reuters reported.
Last month, the Senate voted to probe an alleged USD 3.5-billion fuel subsidy fund at the NNPC.
Read our latest insights on:
Trinidad’s energy opportunitiesINTERVIEW
Latest news and features
Nigeria as a major maritime hubINTERVIEW
Steps to improve the maritime sectorINTERVIEW