By Olugbenga Salami
Senate Committee on Gas has directed the management of the Nigerian National Petroleum Corporation, NNPC and the Central Bank of Nigeria, CBN to submit to it unfailingly, approving documents authorising withdrawal of $3.12billion from the Nigeria Liquefied Natural Gas, NLNG, within the last three years in 22 withdrawals.
But the management of the NNPC represented by the Chief Financial Officer, Alhaji Isiaka Abdulrasaq called for widening of scope of the investigation to cover the entire 45 withdrawals made from the account from 1999 till date.
Abdulrasaq, who wanted to shed more light on the total cost of the withdrawals was however cut short by the Committee Chairman, Senator Bassey Akpan (PDP Akwa Ibom North East) who said that was not the information required from him by the committee.
This led to one of the committee members, Senator Osinachukwu Ideozu (APC Rivers West) expressing concern about the competence of Abdulrasaq to occupy the CFO position in NNPC going by the way he had been confrontational with the committee in his answer to the questions posed to him.
Akpan then told Abdulrasaq that he cannot dictate to the Committee on how to go about its findings “so you must abide by our rules of engagement and not teach us our work”.
He said from the brief the NNPC submitted to the committee there were a lot of missing links which the Committee will require to do its job.
Akpan therefore directed the NNPC to furnish the Committee all dividends accruing from the NLNG and all withdrawals from the account since 2015 totalling 22 and amounting to $3.12billion.
According to him, the Corporation has up till November 30 to supply the Committee secretariat with comprehensive list of the 22 withdrawals totalling $3.2 billion made from the NLNG Dividend Account with the CBN since 2015.
The Committee Chairman also told the Acting Director of Banking Services of CBN, Mr. Christopher Olumukore, who stood in for CBN Governor Godwin Emefiele to also submit within one week “all the withdrawal authorisation you had including all the originating mandates and all the approvals”.
Akpan added that the CBN should also submit to the Committee by November 30 statement of account of the NLNG Dividend account domiciled with the the apex bank and that the committee will reconvene on December 1 “to look at all the submissions by both NNPC and CBN”.
Olumukore had earlier told the committee that the Dividend account domiciled with the apex bank was being operated by both NNPC and Ministry of Finance.
According to him, mandates for withdrawal from the account were usually from the NNPC and on occasions from the Finance Minister.
The Senate had last month mandated its Committee on Gas to investigate the alleged withdrawal of $1.05 billion by NNPC from the NLNG dividend account with CBN without due diligence.
The committee was also directed to look into other withdrawals that had been made by NNPC from the account since 2015 and report back to the Senate.
FG urged to declare state of emergency on federal roads, Senate tasks
SAD… Taraba INEC REC is dead
Transgender: Sade Adu’s daughter finally becomes a man (PHOTOS)
Sade’s transgender son has shared a heartfelt message of thanks to the soul singer, as he completes his transition from female to male.
Izaak Theo Adu, born Mickailia ‘Ila’ Adu, has spent the past six months in recovery after undergoing phalloplasty surgery, the reconstructive procedure typically undergone by transgender and non-binary people.
After returning home to his family, Izaak shared a sweet photo of himself hugging Sade, 60, along with a message praising the iconic singer for her unwavering support. In the Instagram post, Izaak wrote: ‘It’s been a long hard road but We did it!! We are coming home!!!! ‘Thank you for staying by my side these past 6 months Mumma. Thank you for fighting with me to complete the man I am. ‘Thank you for your encouragement when things are hard, for the love you give me. The purest heart. I love you so much. Queen of queens ♥️ #mumma #lioness #queen#iloveyou.’
Izaak is Sade’s only child from her former relationship with reggae music producer Bob Morgan.
News4 months ago
Sokoto assembly confirms Gov Tambuwal’s 26 comissioner nominees
Politics5 months ago
Breaking…GOV. ABDULRAZAQ APPOINTS COMMITTEE ON REVIEW OF SALES OF GOVT PROPERTY (See full names)
News4 months ago
Kwara Gov appoints CoS, SSG, CPS
Politics4 months ago
Breaking…. Kwara Gov. appoints more committee members (See names)
Politics1 week ago
Breaking news: Gov Abdulrazaq appoints 6 additional commissioner nominees
Top stories4 months ago
MC Oluomo loses NUTRW Chairmanship bid
Politics4 months ago
Breaking…Kwara assembly suspends 16 LGs chairmen
Education5 months ago
Kwara varsity’s crises resolved as Ahmed bows to pressure (PHOTO)