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NNPC, Finance Minister withdrew $3.12 billion from NLNG account – CBN

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Twenty-two withdrawals totalling $3.12 billion were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years.
This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday.
Chairman of the committee, Bassey Akpan, read out the figures when officials of the CBN and the Nigerian National Petroleum Corporation (NNPC) appeared before the committee.
NAN reports that the committee was looking into the 1.05 billion dollars that the NNPC admitted withdrawing from the NLNG dividend account to “augment under-recoveries” in the importation of petrol.

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