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Nairaland Forum / Nairaland / General / Politics / Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure (7333 Views)
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Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seunmsg(m): 7:47am On Nov 23, 2018 |
The Nigerian National Petroleum Corporation (NNPC) has offered to provide details of the Nigerian Liquefied Natural Gas (NLNG) Dividends Account from 1999 till date to give the Senate and the general public a comprehensive insight into the operations of the account. Group Managing Director of NNPC, Dr. Maikanti Baru, stated this at the hearing of Senate Committee on Gas which has been mandated to probe the alleged unauthorized disbursement from the account to support importation of petroleum products to avert scarcity. The GMD who was represented by the corporation’s Chief Financial Officer (CFO), Mr. Isiaka Abdulrasaq, in his presentation at the hearing Thursday in Abuja, insisted that there was need to take a holistic look at the NLNG Dividends Account from inception rather than a limited view from 2015 as requested by the Senate Committee. He said the corporation was ready to provide details of operations of the account in terms of revenues and withdrawal mandates form 1999 till date. The GMD also informed that the fuel supply situation in the country was very robust with about 2.2 billion liters of fuel in stock, representing over 45-day sufficiency. In his response, Chairman Senate Committee on Gas, Senator Bassey Akpan, said the committee’s terms of reference mandated it to look at the operations of the account from 2015 till date. He, however, added that should the NNPC decide to provide details from 1999 till date, it was welcomed. The Senate committee adjourned the hearing to 4th December, 2018, with a mandate to NNPC and the Central Bank of Nigeria (CBN) to provide the details of operations of the NLNG Dividend Account before the end of November. http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/1102/Alleged-Unauthorized-Withdrawal-from-NLNG-Dividends-Account-NNPC-Insists-on-Full-Disclosure.aspx 3 Likes 2 Shares |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seunmsg(m): 7:56am On Nov 23, 2018 |
Endorsed. NNPC should make a full disclosure of how NLNG dividends have been expended since 1999. Nigerians deserve to know what exactly has been happening to the huge dividend generated by the company. 10 Likes 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by buhariguy(m): 8:00am On Nov 23, 2018 |
This one will affect thief atiku. 9 Likes 2 Shares |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Racoon(m): 8:00am On Nov 23, 2018 |
Twenty-two withdrawals totalling 3.12 billion dollars were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. https://www.google.com.ng/amp/s/dailynigerian.com/cbn-confirms-buhari-govt-withdrew-3-2bn-from-nlng-dividend-account-in-3-years/amp/ 18 Likes 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seunmsg(m): 8:06am On Nov 23, 2018 |
Racoon or whatever you call yourself, you can open a new thread with your post instead of trying to derail this one. The purpose of this thread is to support NNPC's call for full disclosure if how NLNG dividends have been expended till date. With that, Nigerians can then decide on the administration that managed the dividends better instead of trying to play politics with the issue. 9 Likes 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Sojebrand(m): 8:13am On Nov 23, 2018 |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Olujoe1(m): 8:14am On Nov 23, 2018 |
And this won't go well with some people 6 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by bitcoin215: 8:14am On Nov 23, 2018 |
Maybe atiku was right when he said he will sell it 18 Likes 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by NaijaFutbol: 8:15am On Nov 23, 2018 |
Ok |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by hisexcellency34: 8:15am On Nov 23, 2018 |
All the funds APC will use in the 2019 elections will come through NNPC. Sai baba is the Minister of Petroleum 12 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by lordkush: 8:16am On Nov 23, 2018 |
te minister of petroleum. jubrin has ruined nnpc 10 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Jadespices: 8:16am On Nov 23, 2018 |
Oya make una disclose am ooo 2 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Racoon(m): 8:16am On Nov 23, 2018 |
[s] seunmsg:[/s]
And the one there is also talking about what? Instead of you to call for the prosecution of the president, Mikanti Baru(GMD NNPC) who have been supervising the putrifying corruption in the NNPC including pouching of the NLNG dividends, you're prevaricating by calling for a "full disclosure" as if the government will do anything meaningful if anything comes out of it. Guess you're not comfortable that the sleazy corruption of the APC regime is being exposed for what It's? Abeg swerve man. 29 Likes 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by chinjo(m): 8:17am On Nov 23, 2018 |
We already know that past administrations are KWARAPT what we are intersted in knowing is how Mr integrity has managed the NNPC fund as the minister of petroleum since he came to power. 6 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Nobody: 8:17am On Nov 23, 2018 |
seunmsg: We are tired of any f*cling rubbish disclosure..who ever is guilty should be jailed but we still want Buhari out we all won't die of hunger cos of this hypocritical government 10 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by chiedu7: 8:17am On Nov 23, 2018 |
ffff |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by chinjo(m): 8:17am On Nov 23, 2018 |
buhariguy:Big for nothing. 2 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by sholarr12: 8:17am On Nov 23, 2018 |
bitcoin215:...Atiku... 1 Like 1 Share |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Lomprico2: 8:23am On Nov 23, 2018 |
buhariguy: Has he ruled this country before? 8 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by iammo(m): 8:24am On Nov 23, 2018 |
Let their books be audited, NLNG was a secret cash house for corruption for PDP since inception. People mostly focus on the barrels of crude oil we sell, and ignore the cubic volume of gas we sell. If APC government wants to offer full disclosure since 1999, then its a very good one. Dunderheads with penchant support for corruption would try hard to want us not to support this, since PDP couldn't audit it all this while, they would blame and frustrate the once that want to audit it. We remembered how the PDP controlled senate did absolutely nothing when sanusi raised an alarm that money wasn't remitted to the tune of $20bn under PDP federal government. 6 Likes 2 Shares |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by jmaine: 8:24am On Nov 23, 2018 |
seunmsg: What nonsense are you talking about? .. What Racoon posted is also very relevant here. It's time to stop this "my thief is better than your thief" excuses.. There is a current serious infraction, Baru decision to open the entire book since 1999 is welcome. Nevertheless, we will also robustly discuss why Mr Dis-integrity as the Minister of Petroleum resources is busy siphoning funds he was meant to watch over 13 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by jmaine: 8:29am On Nov 23, 2018 |
Racoon: We see clearly through his likes, he is scared of the invaluable contents you posted that destroys his mission on this board. 7 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by richidinho(m): 8:40am On Nov 23, 2018 |
lol..i thought they claimed tto have brought change At the end Atiku will be vindicated Unbundling and privatization of NNPC is the best thing that will ever hapen to our country the NLNG itself is been run by private sector that is why the govt is able to get up to $5bn from them but instead of that money to be paid directly to govt account, it is paid to the NNPC who then spend it any how without due process 3 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by NothingDoMe: 8:53am On Nov 23, 2018 |
seunmsg:You are also posting for politics sake so no need to get offended. Let everyone justify their pay. 5 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seguno2: 8:59am On Nov 23, 2018 |
bitcoin215: El Rufai said the same thing earlier. oludashmi: |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seguno2: 9:02am On Nov 23, 2018 |
richidinho: Rotten change of total waste and destruction. That is what they brought. Should they take us to the next level of their rotten change of total waste and destruction 1 Like |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by Reference(m): 9:03am On Nov 23, 2018 |
seunmsg: Hmmmm.... indeed 'managed the dividends better' aka beauty contest between the Jonathan administration and the Buhari administration that is the hallmark of failures. And this is so because of failed promises about doing things differently, about anti corruption, about accountability, about honesty. So the present thieves want to justify themselves based on the stealing of the former thieves and that is why they ventured accounts since 1999. For your information the former government was voted out for being corrupt. Nothing that will be shown about that regime will move anyone anymore. We know they were super corrupt. What we want to know is how far THIS GOVERNMENT has gone in fulfilling its promise of a CHANGE. And now that the eiection cycle has come round, Nigerians will be faced with the same choices they did in 2015. There is no hiding. This government should stand up to be counted. We are not doing 'better than'. We are doing right or wrong. Better than fail is pass.... still not good enough. 7 Likes |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by buhariguy(m): 9:06am On Nov 23, 2018 |
Lomprico2:but the party has rule for 16yrs, Even since 1986, they are the cause of Nigeria problem till tomorrow. |
Re: Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure by seguno2: 9:07am On Nov 23, 2018 |
iammo: Done already. No need to divert our attention please. Thanks. Realdeals: |
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