LNG Accused Of Not Remitting Revenue To Federal Account Since 2004

The House Of Representatives has passed a resolution to probe the report that the Nigeria Liquefied Natural Gas had not remitted revenue to the Federation Account since 2004.

It resolved that its Committee on Gas Resources should investigate the issue within three weeks as well.

A member from Kano State, Mr. Aminu Suleiman, had brought the matter before the House.

Part of Suleiman’s motion reads, “The House notes that the NLNG Bonny, in flagrant disobedience and breach of Section 162(1) of the 1999 Constitution has not remitted funds accruing to it to the Federation Account from 2004 till date.

“That the non- remittance of funds accruing to NLNG Bonny from 2004 till date has adversely affected the Federation Account to the detriment of Federal, States and Local Governments.

“That the unpatriotic actions of those in charge of the NLNG Bonny from 2004 till date has resulted in loss of huge revenue that ought to be shared to all tiers of the government form the Federation Account for both recurrent and capital development.

“That, the non-remittance of funds that accrued to NLNG Bonny to the Federation Account from 2004till date has badly affected all critical sectors of the Nigerian economy and constitutes an economic crime.”


CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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