₦airaland Forum

NNPC moving $1.2b from banks to cover NLNG fraud – APC
July 15, 2015Press Release

The All Progressives Congress, APC, has renewed its call on the Federal Government to probe the whereabouts of the dividends paid to the Nigeria National Petroleum Corporation, NNPC, by the Nigeria Liquefied Natural Gas, NLNG, as well as the taxes paid to the Federal Inland Revenue Service, FIRS Federation Account prior to the latest payment in June 2015.
In a statement issued in Lagos on Wednesday by its National Publicity Secretary, Lai Mohammed, the party said the call has become more urgent against the backdrop of published reports that the NNPC has withdrawn $1.2 billion from banks so it could place the money with the Central Bank of Nigeria, CBN.
It said the move by the NNPC is a panic reaction to the expose by the party (APC) that over $4 billion dollars are missing in past dividends paid to the NNPC by the NLNG.
”Whereas NLNG’s dividends are paid to NNPC’s account with JP Morgan, from where they are supposed to be paid into the Federation Account in accordance with the law, some unscrupulous officials of the corporation have apparently been moving such funds to local banks so they can collect huge commissions on them.
”Now that the cat has been let out of the bag, they have started moving the funds from the banks to the CBN. We believe what we are seeing now is just a tip of the iceberg, hence the need for the authorities to call the NNPC officials to give accounts of the paid NLNG dividends to date,” APC said.
The party said any delay in calling the officials to account for the dividends may give them enough time to cover their tracks, in addition to the dangers posed to the banks – and by extension the economy – by the sudden withdrawal of such a huge fund from the NNPC accounts with them.
”The top officials of the NNPC and others who met on Monday and decided to withdraw the $1.2 billion from the corporation’s account to the CBN must be asked a number of questions, including
their motive for the decision and the whereabouts of the commissions paid on such funds,” it said.
APC insisted that despite the attempt to pull the wool over the eyes of Nigerians, the Nigerian government must remain undaunted in unravelling what happened to the dividends as well as previous taxes paid by the NLNG, as part of ongoing efforts to plug all financial leakages, ensure the payment into the Federation Account of all relevant funds and stop the looting of the treasury by unscrupulous public officials who have opted to abuse their office.
”It is not by accident that until the advent of the Buhari Administration that has decided to enthrone transparency in governance, no one has heard anything about NLNG dividends and taxes, while the funds therefrom have not been shared, as they should have been. This is not right.
”A situation in which funds meant for all Nigerians are eaten up by a few will no longer be tolerated. Those who are opposed to the efforts by the Buhari Administration to clear the rot left behind by the past government and restore transparency to the system are enemies of Nigeria,” the party said.

http://www.premiumtimesng.com/news/top-news/186741-nnpc-moving-1-2b-from-banks-to-cover-nlng-fraud-apc.html

APC - the party of all seers and no doer.

During your campaign $50b,20b missing from NNPC account,but now from $4b,2b,1.5b and so on,please APC tell us the truth not all this propagada every day.

For real? Tot u guys are the rulling party

Pictures of the top NNPC officials with the withdrawn 1.2billion dols or Lie MD is lying as usual.

And some people will be saying one baba is one chance, one baba is go slow, but still, his presence is shaking them up,getting them furious,putting things to order, even Jona is protesting. Things will be right with time. I'm optimistic that very soon,even those blood sucking goats disturbing the peace of NE will soon humble. Its enough.

Alonga:
During your campaign $50b,20b missing from NNPC account,but now from $4b,2b,1.5b and so on,please APC tell us the truth not all this propagada every day.

I believe you're educated enough know that monies irrespective of the particular amount that is enough to emancipate 10 generations from eternal poverty has been stolen from our coffers. Even the ex-head-of-Thiefs State had to be kicking and protesting to cover his a$$. Yet all you can still see is propaganda.

Some people will never get out of the state of poverty irrespective of how hard you try for them.

All talk and no prob makes APC a dull boy

mrvitalis:
For real? Tot u guys are the rulling party

Guy you wicked ooo!see jab!

Clowns!!! Even under their government they're still playing the role of opposition..lol.

Where are the saTANists when you need them? Food don done ooo.

My friend working in NNPC told me that their Ogas are shivering.

APC said...APC did not say....who is APC sef?

NNPC oya vomit d dollars, shapa-shapa. Tanoids cry me a river.

This press release is more like an opposition press release, no wonder some e - warriors here refer to them (APC) as the 'ruling opposition party'


According to lai mohammed the APC (which is the ruling party) is calling on the federal government (which is APC), this is just laughable...

liberty300:
Clowns!!! Even under their government they're still playing the role of opposition..lol.

Its just laughable, the APC led government allowed the corrupt element in NNPC to be moving funds from bank to bank to cover their fraudulent track or what

To top it off its the national publicity secretary of the party (APC) that is calling the attention of the federal government (which is APC) to the 'fraud', this is just hilarious...

EFCC should do the needful on the NNPC management.

The kind of comments made by PDP loyalists on nairaland is mind shattering. It beats the imagination of a sane reasonable person who knows that 1 + 1 = 2, but loyalists of PDP would rather we believe 1 + 1 = 11. This is the kind of deranged and demented fellows that make up and support the PDP.

How will the APC be put on their toes when there is no credible and sensible opposition? Honestly, every PDP supporter on nairaland need to change this unproductive negative attack on President Muhammadu Buhari and focus on value based opposition, rather than trade insults like market women in Mushin market. If PDP continues to attack Mr. President like a diseased rabid dog, then the APC might continue in power for the next 50 years.

ice25:
All talk and no prob makes APC a dull boy

psucc:
APC - the party of all seers and no doer.

donholy28:
APC said...APC did not say....who is APC sef?

Chubhie:
Pictures of the top NNPC officials with the withdrawn 1.2billion dols or Lie MD is lying as usual.

otokx:
EFCC should do the needful on the NNPC management.

This what is expected and not this opposition like press release from lai mohammed...

To even think under the watch of the APC led government the corrupt NNPC officials were able to move funds to cover their fraudulent behind is sicken, if one is to go by the press release from lai mohammed...


CC: lalasticlala

fitzmayowa:
This what is expected and not this opposition like press release from lai mohammed...

To even think under the watch of the APC led government the corrupt NNPC officials were able to move funds to cover their fraudulent behind is sicken, if one is to go by the press release from lai mohammed...


CC: lalasticlala

you do at least realize there is a difference between the APC and the Presidency.

and the NNPC as it functioning now still has the spirit of PDP in it.

and I think they were found out, and that's why APC is making it public.


but you do have a point that APC is the party in power.

jomoh:
I believe you're educated enough know that monies irrespective of the particular amount that is enough to emancipate 10 generations from eternal poverty has been stolen from our coffers. Even the ex-head-of-Thiefs State had to be kicking and protesting to cover his a$$. Yet all you can still see is propaganda.

Some people will never get out of the state of poverty irrespective of how hard you try for them.

U right but instead of screening, calling names and pointing accusing fingers, y dont dey give der evidence for d relevant bodies to investigate.

R u not tayad of d accusations and no one is punished.

Jus curious,isn't nnpc a government agency? Can't dey control der agency or still blame pdp even though dey r in power.

Alonga:
During your campaign $50b,20b missing from NNPC account,but now from $4b,2b,1.5b and so on,please APC tell us the truth not all this propagada every day.

only idiots take APC seriously

jomoh:
I believe you're educated enough know that monies irrespective of the particular amount that is enough to emancipate 10 generations from eternal poverty has been stolen from our coffers. Even the ex-head-of-Thiefs State had to be kicking and protesting to cover his a$$. Yet all you can still see is propaganda.

Some people will never get out of the state of poverty irrespective of how hard you try for them.

prof. If truely u passed English in ur olevel without machinery you should comprehend that he was asking ur lieng comrades whom truth for once is a luxury they can not afford to tell us the exact amount they claim is missing than keep making noise when they are not the opposition

mmrius:
The kind of comments made by PDP loyalists on nairaland is mind shattering. It beats the imagination of a sane reasonable person who knows that 1 + 1 = 2, but loyalists of PDP would rather we believe 1 + 1 = 11. This is the kind of deranged and demented fellows that make up and support the PDP.

How will the APC be put on their toes when there is no credible and sensible opposition? Honestly, every PDP supporter on nairaland need to change this unproductive negative attack on President Muhammadu Buhari and focus on value based opposition, rather than trade insults like market women in Mushin market. If PDP continues to attack Mr. President like a diseased rabid dog, then the APC might continue in power for the next 50 years.

what is dis one saying. Shebi you Don mix Dat paw paw leave again, oya go drink garri sharp sharp

Like, don't tell us.... do something about it!!!!!!!

It would seem that the APC is not in charge of Nigeria as at press time. I'm seriously getting fed up with all these allegations. YOU CAN'T RULE A COUNTRY WITH SPITTLE! Get to work!!!! Haba Elections are long over so what's the campaign and propaganda for??

sniperr007:
Jus curious,isn't nnpc a government agency? Can't dey control der agency or still blame pdp even though dey r in power.

Bros e taya me I swear!!!!!

double0seven:
you do at least realize there is a difference between the APC and the Presidency.

and the NNPC as it functioning now still has the spirit of PDP in it.

and I think they were found out, and that's why APC is making it public.


but you do have a point that APC is the party in power.

Spirit koor ghost ni

fitzmayowa:
This press release is more like an opposition press release, no wonder some e - warriors here refer to them (APC) as the 'ruling opposition party'


According to lai mohammed the APC (which is the ruling party) is calling on the federal government (which is APC), this is just laughable...

Seriously... the ruling opposition party...

sniperr007:
U right but instead of screening, calling names and pointing accusing fingers, y dont dey give der evidence for d relevant bodies to investigate.

R u not tayad of d accusations and no one is punished.

I don't understand Nigerians. For 16years we had a government that was shrouded in secrecy. Nobody knew what they were doing with our common wealth (to the extent that some imbec!les here on Nairaland don't even believe Nigeria had up to N30trn when Soludo made the accusations before election) only that we knew they were stealing it. Now we have people who are giving us probable figures, we are still complaining.

If APC is tasking its own administration to work on corruption, isn't that what we want? Objectivity.

And Who cares if they don't forward it to the relevant agencies, after 4years we will have enough good reasons to vote them out.

ahaz:
prof. If truely u passed English in ur olevel without machinery you should comprehend that he was asking ur lieng comrades whom truth for once is a luxury they can not afford to tell us the exact amount they claim is missing than keep making noise when they are not the opposition

Just when I thought that was all, another Illiterate comes in.

Get an education bro. Its useful. Cos I won't waste my time teaching an illiterate what being educated means.