October 27, 2020
  • October 27, 2020
  • Home
  • Business
  • NLNG debunks claims on missing $1.05 bln dividend from NNPC account
LNG

NLNG debunks claims on missing $1.05 bln dividend from NNPC account

By on July 16, 2020 0 149 Views

Nigeria’s Liquified Natural Gas (NLNG) has debunked the claim by the House of Representatives over the alleged illegal withdrawal of $1.05 billion by the state-run oil firm Nigeria National Petroleum Corporation (NNPC) from the dividend account of the gas firm.
In a series of tweets on Thursday, the gas firm said the alleged withdrawal which was linked to the group managing director of the NNPC Mele Kyari and his NLNG counterpart Tony Attah was unfounded.
According to the tweet, the governance and control around the company’s finances make the allegations against the Managing Director and the GMD an impossible scenario.
The company said the public should disregard the allegations as it was baseless and without any regard to truth, it wrote in the tweet.
“The attention of @nigeriaLNG has been drawn to news reports on the investigation by the House of Representatives into the alleged illegal withdrawal of US$1.05billion from NNPC’s (NLNG) dividend account and allegations that our MD/CEO, Tony Attah, and the GMD, NNPC, Mele Kyari are signatories to an account and have been moving and “squandering” monies belonging to the company without approval.
“The governance and controls around the Company’s finances make the allegations against the Managing Director and the GMD an impossible scenario and therefore members of the public are advised to disregard the allegations as it is totally baseless and simply untrue,” the company wrote on its twitter handle.

Want more Updates? Join 200+ subscribers on our mailing list!

Leave a comment

Your email address will not be published. Required fields are marked *

Sign For NewslettersFor News Updates Around The Globe!