Nigeria Speaks On Plans To Sell NLNG

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Nigeria Speaks On Plans To Sell NLNG

The Federal Government on Tuesday, August 28, denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG).

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, dismissed the speculations during an investigative hearing by House of Representatives Committee on Gas Resources and Allied Matters in Abuja.

Speaking on behalf of the minister, the Director, Gas Resources in the ministry, said that they were not aware of any plans to sell NLNG by the Federal Government.

The News Agency of Nigeria (NAN) reports that the documents submitted by the ministry and Nigerian National Petroleum Corporation (NNPC) on the issue, though harmonized, were not accepted by the committee because of identified issues.

The committee discovered irregularities in the documents as presented by NNPC’s Chief Operating Officer (Upstream), Mr Bello Rabiu, who represented the Group Managing Director (GMD), Baru Maikanti.

The committee also pointed out that the documents were not authenticated as they were unsigned.

This was in spite of the explanation by representative of the GMD that the documents may be different but that the figures were the same.

Also, the lawmakers queried NNPC and the Petroleum Ministry over some increases in the upgrade contract of OML 58 and the execution of the Northern Option pipeline.



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