The Federation Account Allocation Committee (FAAC) has launched an investigation to find out what the Nigerian National Petroleum Corporation Limited (NNPCL) did with some dividends from the Nigerian Liquefied Natural Gas (NLNG). NLNG is a Nigerian natural gas company that operates in the liquefied natural gas sector. An ad-hoc committee is currently reviewing and comparing the amounts due for subsidies, taxes, royalties, and other payments, with the amounts that have been received or paid so far. According to the report of the FAAC post-mortem sub-committee for August, $275 million accrued…
Read MoreFAAC queries NNPCL over misappropriation of $55m NLNG dividend
