Senate uncovers fresh $1.151bn withdrawals from NLNG dividends - OrientEnergyReview

Senate uncovers fresh $1.151bn withdrawals from NLNG dividends

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Aside the sum of $1.05b earlier discovered to have been withdrawn from the dividend accounts of the Nigeria Liquefied Natural Gas, NLNG, the Senate yesterday said that it has uncovered alleged fresh multiple withdrawals from the same account.

According to the Senate, the sum is outside the alleged $1.05billion the Group Managing Director of NNPC, Mikati Baru earlier admitted to have withdrawn by the corporation.

While scrutinising the NLNG account documents presented yesterday by the Chief Operating Officer, COO, Finance of the Central Bank of Nigeria, CBN, Babatunde Adeniran, the committee observed series of cash debiting from the account from November 2016 to June this year.

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