Author Topic: Nigeria NNPC mess-plan to move $1.2b from banks to CBN linked to missing fund  (Read 248 times)

0 Members and 1 Guest are viewing this topic.

Offline internet police

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1518
    • View Profile
Loading...
The All Progressives Congress (APC) has renewed its call on the Federal Government to probe the whereabouts of the dividends paid to the NNPC by the NLNG, as well as the taxes paid to the FIRS Federation Account prior to the latest payment in June 2015.

In a statement issued in Lagos on Wednesday by its National Publicity Secretary, Alhaji 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Mohammed, the party said the call has become more urgent against the backdrop of published reports that the NNPC has withdrawn $1.2 billion from banks so it could place the money with the Central Bank of Nigeria (CBN).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 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 FG must remain undaunted in unraveling 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.



 

Soldiers from Chad killed 207 Boko Haram in Nigeria-Chad Soldiers To The Rescue

Started by mastercode

Replies: 0
Views: 506
Last post February 26, 2015, 02:27:17 AM
by mastercode
Nigeria Police Force To Withdraw Police Officers From Politicians, Others

Started by internet police

Replies: 0
Views: 377
Last post February 16, 2015, 06:12:57 PM
by internet police
Nigeria Fuel crisis nears end as oil marketers,govt agree to restore fuel supply

Started by internet police

Replies: 0
Views: 239
Last post May 26, 2015, 04:34:32 PM
by internet police
US Legislature tells Nigeria military-You lack Training&Needs Training, not arms

Started by mastercode

Replies: 0
Views: 203
Last post August 05, 2015, 05:07:41 PM
by mastercode
100 Easiest Ways To Make Big Money, Save More Money & Spend Less In Nigeria Now!

Started by Tony1980

Replies: 0
Views: 254
Last post November 03, 2015, 05:55:07 PM
by Tony1980
President Buhari remains Nigeria's president whether home or abroad ? Presidency

Started by yungcrux

Replies: 0
Views: 192
Last post March 14, 2016, 09:09:17 AM
by yungcrux
Nigeria Celebrate 57th Indepedence , Buhari Visits Maiduguri To Celebrate

Started by Nairaland

Replies: 0
Views: 360
Last post October 02, 2017, 12:36:37 AM
by Nairaland
President Obama reaffirms readiness to work with Nigeria President elect buhari

Started by admin

Replies: 0
Views: 241
Last post April 16, 2015, 02:51:33 PM
by admin
United States relaxes arms embargo, begins to send arms to Nigeria

Started by mastercode

Replies: 0
Views: 226
Last post August 17, 2015, 10:54:35 AM
by mastercode
Buhari's Attack must stop, his failure is Nigeria?s failure ? Igbo group warns

Started by internet police

Replies: 0
Views: 260
Last post September 03, 2015, 12:41:28 AM
by internet police