The senate has set up an ad hoc
committee to probe the Nigerian National Petroleum Corporation’s (NNPC) alleged
diversion of dividends from the Nigerian Liquefied Natural Gas (NLNG) to fund
petroleum subsidy.
The senate made this known after
resuming plenary on Tuesday.
Senate president Bukola Saraki
had vowed to investigate the alleged diversion, after Maikanti Baru, NNPC group
managing director, said the funds were used to avert a crisis in the petroleum
sector.
Bassey Akpan, a senator
representing Akwa Ibom north-east, was said to have drawn the senate’s
attention to a public outcry regarding the alleged diversion.
Premium Times had published
documents of how the federal government allegedly diverted $1.05 billion to
fund subsidy payment on petroleum products.
Akpan requested that the senate
committee on gas probe the allegations.
“Senator Bassey Akpan cites
Orders 43 & 95 and brings the attention of the Senate to various emails and
complaints from the general public on the unauthorized withdrawal of $3.5
billion by NNPC from the NLNG Account,” a tweet from the senate’s handle read.
Dividends from the NLNG should be
shared by all tiers of government and paid into federal government’s
consolidated revenue account.
A related investigation into a
$3.5 billion “subsidy recovery fund” said to be managed by the NNPC GMD and the
corporation’s finance director is currently ongoing.
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