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Senate Probes NNPC, LNG, Over Alleged Fraud

141 views · Published 26 January 2018 · 0:54 · Indexed 4 November 2026

Channel: Viable Tv · 2018 · News & Politics

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The Nigerian Senate ‎has resolved to  direct it's  committee on Pubic Account and Oil and Gas to carry out a holistic investigation into allegations of monumental corruption involving the NNPC and the  Brass LNG

The Senate had ordered the probe following a motion moved by Senator Dino Melaye from Kogi West who alleged  Monumental corruption at NNPC Joint Venture. 
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Senator Melaye had in the body of the motion said from the Memorandum of Understanding, the Brass LNG is supposed to be a Joint ‎ Venture Company with the NNPC having the controlling shares and their account domicile with the CBN. 

Melaye who queried why the company opened its account with keystone bank instead of the CBN alleged that the account which has no BVN was allegedly used to illegally withraw four million dollars in November of 2016.

He e called for urgent need to define the position of the company operation in order to halt the seeming corruption. ‎‎He raised questions as to the status of investment and principal objective of the company, the signatories to the account, the status of federal government investment, the returns on investment and the need to ascertain if due process was followed in the formation and appropriation of shares in the company.

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