The Nigerian National Petroleum Corporation (NNPC) has declined to appear before the House of Representatives over an alleged unremitted $14.9 billion dividends from the Liquefied Natural Gas (LNG) to NNPC from 2004 to 2014.
This was disclosed by the Chairman of the House of Representatives Committee on Public Accounts, Hon. Solomon Olamilekan Adeola who said at the weekend that the committee has received a letter from NNPC lawyer, Mike Ozekhome & Co saying while quoting Section 88 and other relevant sections of the constitution as to why they cannot and will not come before the committee with these particular documents.
This was against the backdrop of the committee’s requests for evidences of the sources of revenue, the bank statements, and if there is any expenditure for the NLG dividend payout and any other item they can furnish us with.
According to Olamilekan- Adeola, Â who was Â speaking at the weekend ” Just about a month ago, we invited the Nigeria Liquefied Natural Gas, to appear the committee on Public Accounts. They came and told us that Federal Government has 51 percent holding in the LNG while 41 percent is owned by Shell and other private sector.
â€śNLG confirmed remittance of Â $14.9 billion Â to NNPC coffers in form of dividends remittance to the Federal Government between 2004 and 2014″
However, the lawmaker said Ozekhome’s chamber is a private law firm and does not represent the law courts, and that NNPC’s action showed Â “that there is more to what we’re seeing.”
He further stated that the committee made a simple request on transactions that concerned the generality of Nigerians, and the next line of action is to go to your lawyer to start writing us and from there and from there move to court to seek injunction preventing us from that document.
He noted that Â this shows the extent to which NNPC has used the judiciary to stall a lot of investigations initiated by House Reps.
He assured Nigerians that on Tuesday, he will Â move a motion of urgent national importance, so that the House can know what is in the offing as far as LNG is concerned.