Senior Advocate of Nigeria, Femi Falana, has written to the Minister of Finance, Olawale Edun, urging him to direct the Nigerian National Petroleum Corporation Limited (NNPCL) to remit the sum of $34.2bn to the Federation account.
Mr Falana recounted occasions where payments were reported to have been remitted by the NLNG to the NNPCL in a letter headlined ‘Request To Recover $34.2bn Being Dividend Collected By NNPCL On Behalf Of The Federation’ dated October 24.
He stated that the Nigerian Liquefied Natural Gas (NLNG) Limited received $34.2 billion on behalf of the government of Nigeria from 2004 to 2021.
The senior advocate said he would not hesitate to initiate legal proceedings at the Federal High Court for the immediate recovery of the said sum of $34.2 billion from the NNPCL if the finance minster fails to direct that the money be remitted to the Federation account.
Falana said, “We shall also pray the Court to direct the NLNG to remit dividends earned by Nigeria to the Federation Account forthwith.”
Please find the full letter below:
