The Nigerian National Petroleum Corporation (NNPC) on Thursday disclosed that Nigeria was indebted to international oil companies (IOCs) to the tune of $5.1 billion through the Joint Venture Cash Call (JVC) business arrangements. The corporation’s Chief Financial Officer, Mr Isiaka Abdulrasaq, gave this hint when he appeared before the Senate Committee on Gas. Abdulrazaq explained […]
Tag: Chairman of Senate Committee on Gas – Sen. Bassey Akpan
Senate Alleges $1.15Bn Illegal Withdrawal From NLNG Accounts
The Senate Committee on Gas disclosed on Wednesday that it discovered an illegal withdrawal of $1,151,609 from the dividends accounts of the Nigerian Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation (NNPC). The allegation is coming on the heels of a recent similar accusation against the NNPC’s Group Managing Director, Dr. Maikanti Baru, […]