• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, May 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Controversies, Disagreements Surround $4.4bn NLNG Project Investigation

by Leadership News
11 months ago
in Business
NLNG
Share on WhatsAppShare on FacebookShare on XTelegram

The investigation conducted by the National Assembly into the $4.451 billion Nigeria Liquified Natural Gas (NLNG) project has been marred by controversies, disagreements, and rowdiness.

Advertisement

The joint Committees of the Senate and House of Representatives, tasked with the probe, held two separate closed-door meetings with NLNG officials and project contractors, each lasting over an hour.

However, these meetings failed to provide the required information, leading the committees to formally request the necessary documents and information from NLNG.

In their resolution, the committees also called on NLNG to cease any further variations in the $4.451,731,937 billion contract.

The investigative hearing held on Thursday witnessed a large crowd of lawmakers, both members and non-members of the Gas committees, due to the hostile atmosphere that has plagued the investigation from the beginning.

RELATED

Publicis Groupe’s Emeka Obia Honoured As Africa’s Top Young Advertising Talent

Publicis Groupe’s Emeka Obia Honoured As Africa’s Top Young Advertising Talent

5 hours ago
Federal Govt Seeks Experts’ Opinion To Develop National AI Strategy

Minister Harps On Digital Agriculture To Enhance Food Production

11 hours ago

The trouble began when NLNG Project Director, Ali Uwais, submitted a document containing what the lawmakers deemed limited information.

Senator Jarigbe Agom Jarigbe, the chairman of the joint committee, expressed disappointment over a clause in the document stating that the figures contained therein are disputed and subject to ongoing commercially sensitive negotiations.

Jarigbe argued that these figures cannot be used for the investigation.

Amidst the tense situation, the committee convened a closed-door session. Journalists were later invited to monitor the proceedings after an hour of secret talks.

Lawmakers took turns condemning NLNG and the contractors for their refusal to provide useful information for the investigation.

Several contentious issues have emerged during the investigation, including the lack of information and explanation regarding the original contract sum, which stood at $4,372,760,462.

 

Additionally, there is limited information available concerning 99 total variation requests worth $177,892,289, 62 approved variation orders totaling $43,771,475, and approved amendments and settlements amounting to $35,000,000.

 

NLNG informed the committee that they are currently evaluating five variation requests, which total $7,609,678. Uwais also attributed the contract variations to fluctuations in foreign exchange rates.

 

Regarding the project’s progress, Uwais stated that it is currently 67 per cent complete, with engineering at 97.9 per cent, procurement at 95.5 per cent, and construction at 52.5 per cent.

 

The Committee adjourned and is set to reconvene on July 3, 2024, to continue the investigation.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Nlng
SendShareTweetShare
Previous Post

Sims Nigeria, TCL Partner To Offer Nigerians Quality Electronics

Next Post

Customs Intercepts Contraband Goods Worth N745m, Arrest 7 Suspects

Leadership News

Leadership News

You May Like

Publicis Groupe’s Emeka Obia Honoured As Africa’s Top Young Advertising Talent
Business

Publicis Groupe’s Emeka Obia Honoured As Africa’s Top Young Advertising Talent

2025/05/09
Federal Govt Seeks Experts’ Opinion To Develop National AI Strategy
Agriculture

Minister Harps On Digital Agriculture To Enhance Food Production

2025/05/09
Fitch Upgrades Afreximbank To ‘BBB’
Business

US Tariff To Affect 10% Of Nigeria’s Export, 15% Of GDP – Afreximbank

2025/05/09
Customs Agents Disown Association’s Caretaker Committee Over Lack Of Licence
Business

Customs Targets 2-hour Cargo Clearance At Tin-Can Through B’Odogwu

2025/05/09
Kenya Airways’ Passenger Dies Boarding Aircraft
Business

NCAA Sanctions Kenya Airways For Violating Consumer Protection

2025/05/09
NCC
Business

Nigerians’ Data Consumption Drops From 1m TB To 893,054.80TB In February

2025/05/09
Leadership Conference advertisement

Leadership Conference advertisement

LATEST

Man Sentenced To 2-year Jail Term For Stealing Iron Rods In Ekiti

Zamfara Residents Hail Tinubu, Matawalle For Eliminating Bandit Leaders Jijji, Kachallah Sagili

JUST-IN: 3 Kebbi PDP Senators Set To Defect To APC, Says Ganduje

Tinubu Building Strong Foundations For Nigerian Children, Says Women Affairs Minister

British-Nigerian Art Dealer, ‘Ochuko’ Ojiri, Pleads Guilty To Terrorism Financing In UK

Police Arrest 8 Suspected Kidnappers, Rescue 25 Ivoirians

Kaduna Poly Expels 63 Students, Suspends 36 Others

Federal Gov’t Launches $500m Scheme To Boost Irrigation, Hydropower In 17 States

Federal Gov’t Tasks NIESV On Challenges In Real Estate Sector

Police Arrest Notorious Drug Dealer In Kano

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.