Non-remittance of natural gas equity proceeds

On a motion by Nnamdi Ezechi (Ndokwa East/Ndokwa West/Ukwuani, Delta), the House of Representatives resolved to investigate the non-reporting and non-remittance of proceeds from NNPC Limited's equity LNG in Nigeria LNG, in which it holds 49 percent. The motion said NNPC LNG Limited, incorporated in the Cayman Islands in 2012 to sell LNG for the group, had not transparently reported its transactions, and that deductions were made from equity LNG proceeds without the Federal Government's approval.