Nigerian Lawmakers Probe NLNG $18bn Alleged Dividend Payment

Nigerian Lawmakers Probe NLNG $18bn Alleged Dividend Payment

Nigerian lawmakers are investigating alleged payments to Nigeria totaling $18 billion, said to be dividends from the country’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019.

The LNG Limited is a liquefied natural gas-producing company and a liquefied natural gas plant on Bonny Island, Nigeria.

The NLNG is a consortium between state-run Nigerian National Petroleum Corporation (NNPC), Eni, Total and Royal Dutch Shell.

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Source: OrientEnergyReview

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