Documents show Buhari’s govt. illegally diverted N378bn NLNG dividend

The federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) sourced from the Nigerian Liquefied Natural Gas (NLNG) dividend funds to secretly fund subsidy payment on petroleum products, PREMIUM TIMES can report today. The diversion details are coming amidst revelations from accusations the Nigerian National Petroleum Corporation (NNPC) has a $3.5…

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We didn’t make mistake on power privatisation —Senate

Esther Abiola – Lagos The Senate has denied plans to reverse the privatisation of the power sector, despite clamour by stakeholders. Speaking during a visit of the Senate Committee on Power to Ikeja Electric Headquarters in Lagos, the Chairman, Senate Committee on Power, Steel Development and Metallurgy, Senator Enyinnaya Abaribe, described the current situation in…

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