They’re Trying To Block Probe Of NLNG’s $14.9 Billion Revenue – House of Reps is concerned

The House of Representatives on Wednesday expressed concern over alleged moves to stop the investigation into the $14.9bn remitted revenue by the Nigerian Liquefied Natural Gas.

House Committee on Public Accounts, led by Mr. Adeola Solomon-Olamilekan, said records before it showed that the money was remitted to the Nigerian National Petroleum Corporation between 2004 and 2014.

According to the committee, the Federal Government controls around 51 per cent stake in the company, while the oil giant, Shell, and a host of other private concerns share the remaining 49 per cent.

But, the committee stated that efforts to get information on the dividends and for what purposes they might have been applied had so far hit a brick wall.

Solomon-Olamilekan told newsmen in Abuja that since February 2014, the committee had written letters seeking information on all the expenditure drawn on the account, including the Value Added Tax to no avail.

However, rather than providing the information requested, Solomon-Olamilekan said a law firm wrote the committee to say that the corporation was not under any obligation to respond to inquiries on the $14.9bn revenue.

Last year, a similar attempt by the committee to investigate the N10bn the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, allegedly spent to charter private aircraft failed after the minister went to court to halt the probe.

Ruling on the matter, an Abuja Federal High Court granted an injunction in favour of the minister, stopping the investigation.

Although the House vowed to challenge the decision of the court, it has yet to do so.

Bizwatchnigeria

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