Senate directs Accountant General to probe $18b NLNG dividend

The Chairman Senate Committee on Finance, Senator Solomon Adeola (APC, Lagos West) has directed the Accountant General of the Federation Mr.Ahmed Idris to investigate the payment of the sum of $18,323,032,261.03(over $18billion) as dividend from Nigerian investment in the Nigeria LNG Limited (NLNG) between 2004 and 2020. The chairman gave the directives following disclosures from NLNG officials during the 5-Day Senate Committees on Finance and National Planning consideration of the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The Accountant General was mandated to investigate among other things if…

MTEF/FSP: Senate vows to sanction CBN, NPA,NCC, NIMASA, others

The Senate has threatened to sanction heads of some revenue generating agencies of the Federal Government if they fail to appear before the Senate Joint Committee on Finance and National Planning tomorrow to defend their positions as contained in the 2021-2023 Medium Term Expenditure Framework And Fiscal Strategy Paper, MTEF/FSP after being duly invited. The chairman of the Senate Committee on Finance Senator Solomon Adeola (APC, Lagos West) made the threat while presiding at the beginning of a Five-Day Public Hearing on the 2021-2023 MTEF/FSP which saw some heads of…