August 14, 2018

Senate accuses NNPC of operating $137m illegal bank account (Businessday)

Senate accuses NNPC of operating $137m illegal bank account (Businessday)

The Senate has accused the Nigerian National Petroleum Corporation (NNPC) of operating an illegal bank account worth about $137 million.

Speaking through a Point of Order at Tuesday plenary, Chairman Senate Committee on Federal Capital Territory, Dino Melaye (APC Kogi West), alleged that the account is being operated by NNPC and some expatriates in the oil industry under the name of a registered company, Brass NLG Limited.

The lawmaker insisted that the account is controlled by the Federal Government.

According to him, the account which ought to be domiciled in the Central Bank of Nigeria (CBN) is with Key Stone Bank without Bank Verification Number (BVN). Read more

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