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Senate investigates diversion of N378billion by Buhari’s govt

botchway November 7, 2018

The Senate has mandated its committee on gas to investigate how the Nigerian National Petroleum Corporation (NNPC) diverted the dividend from the Nigerian Liquefied Natural Gas (NLNG) to fund petroleum subsidy.

The resolution followed a point of order by the chairman of the committee, Albert Akpan, who sought the permission of his colleagues to allow the committee get to work.

PREMIUM TIMES had  published documents showing how the Buhari administration unilaterally — without required consultation with states and the national assembly– tampered with the NLNG funds.

This was also done without appropriation by the National Assembly.

The report shows that the federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) to secretly fund subsidy payment on petroleum products and to boost fuel supply.

The Senate president, Bukola Saraki, in a statement hours after the publication had assured that the senate will launch an investigation into the issue.

On Tuesday, he granted the committee the power to investigate the claims. This came after Mr Akpan sought the approval of his colleagues.

Credit: premiumtimesng.com


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