The ruling All Progressives Congress (APC) has asked the Federal Government to probe past payments from the Nigerian Liquefied Natural Gas (NLNG) company. The payments are said to be about $4 billion.
According to a statement released on Sunday by the party’s National Publicity Secretary, Mr Lai Muhammadu, the APC also wants the dividend payments totalling $4,728,136,946 to the Federal Government (FG) between 2004 and 2009 probed. This is because the party believes that out of the dividend payments, only $127,851,348.19 was credited to the FG’s independent account with JP Morgan, leaving a balance of over $4 billion.
The request came following days after the Federal Government gave states a relief fund drawn from the NLNG account to clear unpaid workers’ salaries.
President Muhammadu Buhari approved the sum of $2.1 billion from the income and education tax of the NLNG to be paid to states, an action that has generated controversy within the political sphere owing to the fact that Buhari had days before announcing the bailout said he met a near-empty treasury.
In the statement, the APC questioned why all the past taxes and dividends were neither fully paid into the Federation Account nor shared by the three tiers of government.
Mohammed commended the Federal Government for deciding to share the money from the NLNG with the states, stressing that recent actions of President Buhari were bringing transparency into governance in Nigeria and also plugging financial leakages.