The Senate on Thursday demanded for all withdrawals from the Nigeria Liquified Natural dividends account totalling $3.1 billion by the Nigerian National Petroleum Corporation from 2015 till date, which comes to about 22 withdrawals.
The demand was made by the Senate Committee on Gas investigating illegal withdrawal of $1.05 billion from NLNG dividends account by the NNPC.
But the NNPC insisted on submitting the withdrawal from 1999 when the account was established till date, which is about 45 withdrawals.
However, the Committee countered the NNPC that they wanted only withdrawals from 2015 till date.
According to the Committee: “You cannot tell us that we have to go back.
The demand was made by the Senate Committee on Gas investigating illegal withdrawal of $1.05 billion from NLNG dividends account by the NNPC.
But the NNPC insisted on submitting the withdrawal from 1999 when the account was established till date, which is about 45 withdrawals.
However, the Committee countered the NNPC that they wanted only withdrawals from 2015 till date.
According to the Committee: “You cannot tell us that we have to go back.
“Give us relevant documents from 2015 till date.”
At the resumption of the hearing, the NNPC, represented by the Executive Director of Finance, Isiaka Abdulrazak, failed to present back up documents for the 22 withdrawals from the NLNG dividends account.
The investigative hearing of the Committee nearly turned into an exchange of hot words between the Executive Director of NNPC and Members of the Committee if not for the calmness of the Chairman of the Committee, Senator Basset Akpan.
The Chairman of the Committee alleged that the NNPC failed to submit the necessary documents to back up the withdrawal from the account from 2015.
At the resumption of the hearing, the NNPC, represented by the Executive Director of Finance, Isiaka Abdulrazak, failed to present back up documents for the 22 withdrawals from the NLNG dividends account.
The investigative hearing of the Committee nearly turned into an exchange of hot words between the Executive Director of NNPC and Members of the Committee if not for the calmness of the Chairman of the Committee, Senator Basset Akpan.
The Chairman of the Committee alleged that the NNPC failed to submit the necessary documents to back up the withdrawal from the account from 2015.
Abdulrazaq countered Akpan, saying that the NNPC has provided the schedule of dividends received from 2015 till date, but the supporting documents are still being combined.
However, the chairman replied that the submission is not in line with the request of the Committee, demanding that the NNPC must make available supporting documents on or before November 30, and the meeting will now be held on December 4.
However, the chairman replied that the submission is not in line with the request of the Committee, demanding that the NNPC must make available supporting documents on or before November 30, and the meeting will now be held on December 4.