On Thursday, October 30, 2025, Hon. Nnamdi Ezechi put forward a motion in the House addressing urgent concerns regarding the non-reporting and non-remittance of Equity Liquefied Natural Gas (LNG) to the Nigerian National Petroleum Company (NNPC Limited).
The motion highlighted the establishment of Nigeria Liquefied Natural Gas Limited (NLNG) in 1989, a joint venture comprising NNPC Limited, Shell, TotalEnergies, and Eni, with NNPC Limited holding the majority equity share of 49%. Additionally, it was noted that NNPC LNG Limited, which was incorporated in 2012 in the Cayman Islands, functions as a subsidiary of NNPC Limited to manage the sale of LNG.
Ezechi expressed concerns regarding the lack of transparency in the financial operations of NNPC LNG Limited. Reports indicate that the company’s financial transactions and statements have not been adequately communicated to either NNPC Limited or NLNG. This lack of reporting could potentially lead to non-remittance of crucial dividends, taxes, and other statutory payments owed to the Federal Government of Nigeria.
Further troubling allegations emerged about undisclosed deductions being made from NLNG proceeds, specifically from the sale of Equity LNG. Ezechi raised alarms about these deductions occurring without formal notification or approval from the Federal Government, suggesting serious financial impropriety and a potential loss of essential national revenue.
In response to these pressing issues, the House has agreed to establish an Ad-hoc Committee tasked with thoroughly investigating the financial reporting and remittance activities of NNPC LNG Limited in relation to NLNG. The committee is expected to report back within six weeks, paving the way for further legislative action on this significant matter.
