The Presidency said on Monday, July 13, that President Muhammadu Buhari would consider probing over $5.5bn dividends said to have been paid to the Jonathan-led Federal Government by the Nigeria Liquefied Natural Gas Limited.
The All Progressives Congress had called for the probe, claiming that dividend payments made by the NLNG cannot be accounted for.
The party had said: “Dividend payments totaling $4,728,136,946 was paid to the Federal Government between 2004 and 2009, out of which only $127,851,348.19 was credited to the Federal Government’s Independent Account with JP Morgan, leaving a balance of over $4bn.
The questions to ask, therefore, are why were all the past taxes and dividends neither fully paid into the Federation Account nor shared by the three tiers of government and what happened to the funds?”
The Special Adviser to the President on Media and Publicity, Femi Adesina, says President Buhari would look into the claim to ascertain if there is any merit for a probe.
Adesina said, “The All Progressives Congress’ position on the NLNG fund is just a call. When calls are made, they will be considered. If there is merit in that call, you can be sure that the President will look into it.
“It was a call that came from the party and it just came yesterday. Time must be given for the President to consider the call.”
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