Legislative AccountabilityObservatory
Home / Probes / LAO-0266

CBN gas intervention funds

Status
No final report
Assembly
Senate
Opened
27 November 2023
Assembly term
10th National Assembly (2023–2027)
Committee
Committee on Gas Resources
Sum at issue
₦250 billion
Subject
Spending and misuse of funds
Without a report for
1,080 days

The Senate Committee on Gas Resources, chaired by Agom Jarigbe, held an investigative hearing on the Central Bank of Nigeria's ₦250 billion intervention fund for the Nigeria Gas Expansion Programme, from which about ₦135 billion had been disbursed to 15 beneficiaries, including Nipco Gas (₦25 billion), the Delta State Government (₦20 billion), Lee Engineering and Construction (₦15 billion) and Dangote Oil Refinery (₦5 billion). The committee threatened to refer companies that misused the loans to the EFCC.

CBN

What the record shows

  • 27 November 2023
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.