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    All Africa: Nigeria - NNPC Moving U.S.$1.2 Billion From Banks to Cover NLNG Fraud - APC

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The All Progressives Congress, an opposition party in the Nigerian government, has asked the government to investigate where a payment by NNPC to NLNG has gone

by: Erica Mills

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Press Notes, Africa

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All Africa: Nigeria - NNPC Moving U.S.$1.2 Billion From Banks to Cover NLNG Fraud - APC

The All Progressives Congress, APC, has renewed its call on the Federal Government to probe the whereabouts of the dividends paid to the Nigeria National Petroleum Corporation, NNPC, by the Nigeria Liquefied Natural Gas, NLNG, as well as the taxes paid to the Federal Inland Revenue Service, FIRS Federation Account prior to the latest payment in June 2015.

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Mohammed, the party said the call has become more urgent against the backdrop of published reports that the NNPC has withdrawn $1.2 billion from banks so it could place the money with the Central Bank of Nigeria, CBN.

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