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    Premium Times: Investigation - Nigeria Earned $11.8bn From LNG; Not $5.6bn Claimed by PDP, Jonathan Govt.

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Summary

The Premium Times has reported that Nigeria earned at least $11.8 billion in dividends from NLNG and not the $5.6 billion previously claimed by PDP

by: Erica Mills

Posted in:

Press Notes, Africa

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Premium Times: Investigation - Nigeria Earned $11.8bn From LNG; Not $5.6bn Claimed by PDP, Jonathan Govt.

Nigeria earned at least $11.8 billion as dividends from the Nigerian Liquefied Natural Gas Company, and not $5.6 billion as claimed by former Nigerian governments led by the People’s Democratic Party, PREMIUM TIMES can confirm today.

The figure covers remittances due to have been paid to the Nigerian National Petroleum Corporation, NNPC, which holds 49 per cent shareholding in the NLNG, on behalf of Nigeria.

The remaining equities are held by Dutch firm, Shell, and its Italian counterpart, Eni/Agip.

Read the full article HERE.

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