Fidelity bank banner Bayelsa State banner
Senate to investigate $137m corruption case in NNPC

By Mayowa Okekale, Abuja on 24/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 460

•Senator Dino Melaye, who blew the whistle
•Senator Dino Melaye, who blew the whistle

The Senate has vowed to investigate a corruption case in the Nigerian National Petroleum Corporation (NNPC) to the tune of $137 million.

Senator Dino Melaye, representing Kogi West, exposed the case within the NNPC during the plenary on Tuesday, alleging that the Federal Government owns a company called Brass NLG Limited but it shares about 50 percent of its ownership with undisclosed Italians, Belgians and the French.

He further explained that the account of the joint venture is not domiciled with the Central Bank of Nigeria and has no Bank Verification Number (BVN).

Melaye also revealed that: “While some individuals and government appointees would continue to steal, we have decided to continue to expose corruption in public life.

“This morning, I draw to the attention of the Nigerian Senate a suspected colossal, monumental corruption in NNPC. Mr. President, a company was registered with the name Brass NLG limited with the Federal Government having controlling shares and we have some Italians, Belgians (and) French people who are shareholders with the Federal Government in controlling shares of about 50 percent.”

“It is known fact that once you have a joint venture, the account of such joint venture should be domiciled with the Central Bank of Nigeria.

“But in this case, that was not what happened. An account was opened with Keystone Bank. This account has no BVN and there have been periodic withdrawals.

“The last withdrawal from that account was to the tune of $4 million. As I speak to you, the balance of that account as at today is $137 million,” he further said.

Source News Express

Posted 24/01/2018 12:31:50 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Making waves in Lagos: American restaurant where waiters...

Be prayerful, thankful, Utuama urges kinsmen

2016 budget: South-East gets lowest allocation for capital...

ASUU wants immediate review of LAUTECH tuition fees...

Bayelsa EXCO mourns Gov. Dickson’s mother

Nigeria’s Defence Chief orders compliance with Boko Haram...

HURIWA condemns extra-judicial killing of Biafra activists in...

APC petitions Presidency, names alleged leaders of Gov....

Group warns Buhari not to entrust Aregbesola with...

Buhari: Urgency of New Petroleum Industry Law

7 suspected cultism fall into Lagos police net...

NEMA confirms only 65 dead, 136 injured during...

 

Latest News Buhari blows hot upon return from London, vows to jail more looters Rivers bye-election suspended due to widespread violence Soldiers, suspected herdsmen exchange gunfire in Benue Osun 2018: 13 APC elders caucus, senatorial aspirant defect to ADP 23 minors rescued from Boko Haram custody, handed over to UNICEF Without restructuring, Nigeria may never survive, says Ohanaeze 2019 Election Budget: N’Assembly joint committee reconvenes August 27 Nigerian student's paper glove makes world museum Osinbajo signs three bills into law I have no plan to dump APC — Madumere •Dismisses purported defection to ADC Landslide threatens Anambra community Don’t play politics in Saudi Arabia, NAHCON cautions pilgrims •Says no pilgrim left in Nigeria

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,524 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,126 views) Shameless Genevieve Nnaji exposes breasts in public (296,867 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,260 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,198 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,396 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,922 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,125 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,868 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,666 views) Lagos plane crash: Journalist releases victims’ names (152,979 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,265 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,461) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (638) Global Business Monitor (295) International (2,278) Interview (162) Live Commentary (28) Love Matters (134) News (38,129) Opinion (1,060) Pidgin (11) Politics (6,092) Religion (824) Sports (1,650) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement