Reps to investigate alleged withdrawal of $1.5 billion from NLNG account

The House of Representatives has resolved to investigate the alleged illegal withdrawal of 1.05 billion dollars from Nigeria Liquefied Natural Gas (NLNG) account by the Nigeria National Petroleum Corporation (NNPC). The resolution was sequel to a unanimous adoption of a motion by the Minority Leader Ndudi Elumelu (PDP-Delta), at plenary[Read More…]

“Even If FG Wants To Sell NLNG On Credit, I Am Not Interested” – Says Aliko Dangote

Africa’s richest man and Chairman Dangote Group, Aliko Dangote, has said he is not interested in purchasing any of Nigeria’s national assets, as widely suggested following his recommendations for the sale of the national assets. Speculations had been going round saying Dangote was interested in acquiring the Nigeria Liquefied Natural[Read More…]

Pentecostal Fellowship of Nigeria Says Sale of Nations’ Public Properties Will Amount To Daylight Robbery

The Pentecostal Fellowship of Nigeria (PFN) in Cross River State has joined other groups and individual in Nigeria to oppose the proposed sale of national assets by the federal government as one of the measures at pulling Nigeria’s economy out of recession. The PFN warned that the Nigeria Liquefied Natural[Read More…]

How Ex-President Jonathan Rejected Pressure To Sell Nigeria’s NLNG

This is not the first time private sector players have put pressure on the federal government to sell off all or part of its 49% stake in Nigeria Liquefied Natural Gas, NLNG, Ltd. NLGN Ltd was incorporated in 1989, with the shareholders being NNPC (representing the Federal Government of Nigeria)[Read More…]

Nigerian Government Plans To Sell Its NLNG Shares And No One Knows Who Is Buying

The Federal Government is planning to sell at least five per cent of its shares in the Nigeria Liquefied Natural Gas company. Sources in the Presidency tells PUNCH Newspaper that the move had become necessary as part of efforts to revive the ailing economy. A top official, however, explained that[Read More…]

Falana Begs EFCC To Probe Emir Sanusi And Prof Soludo Over Alleged Diversion of Funds While In CBN

Following calls by eminent Nigerians that national assets should be sold due to the economic recession facing Nigeria, Human right lawyer, Femi Falana, has called on the Economic and Financial Crimes, EFCC, to probe two former governors of the Central Bank of Nigeria, CBN, Chukwuma Soludo and Lamido Sanusi for[Read More…]

Niger Delta Militants Renew Threat To Bomb Abuja, Others

The new militant group, Joint Niger Delta Liberation Force (JNDLF), that threatened to launch six missiles tuesday, has vowed to target key government institutions, including the State House, Abuja. Also listed for hit in Abuja are the Defence Headquarters, Department of State Services (DSS), Police Headquarters, the National Assembly Complex,[Read More…]

‘Put An End To Gas Flaring In Nigeria’ – Bukola Saraki Tells NLNG

Senate President, Dr. Abubakar Bukola Saraki, on Wednesday challenged the management of the Nigerian Liquified Natural Gas (NLNG) Limited to put an end to gas flaring in the country. According to a statement by the Chief Press Secretary to the Senate President, Sanni Onogu, in Abuja, Saraki who stated this[Read More…]

Adamawa Justifies Using FG’s Bailout On Bulletproof Vehicles, Clerics, Not On Workers Salary

The Government of Adamawa State has stated that contrary to public belief, the recent bailout funds given to states by the Federal Government from the dividends paid by the Nigeria Liquefied Natural Gas, NLNG, was not meant for the payment of salaries and allowances owed civil servants. Sani Tukur of PREMIUM[Read More…]

NLNG Pays $1.6bn Dividend To Buhari Government

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has paid a handsome $1.6billion dividend to the new Muhammadu Buhari government. the company’s Chief executive, Babs Omotowa disclosed weekend. Omotowa said since 1999, NLNG had generated some 85 billion dollars from exports[Read More…]