• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, October 20, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • 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
1 year 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.

Advertisement

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.

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

RELATED NEWS

Agric Agency, Firm To Revive Ora Mega Farm

Improved Security, Consistent Economic Reforms Triggered $8bn Energy Investments – Cardoso

Prerogative Of Mercy Sparks Concerns Over Governance, Investor Confidence

Tamrose Repays $10m Content Intervention Fund Loan, Grows Fleet By 200%

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.

 

 

Join Our WhatsApp Channel

SendShare10171Tweet6357Share

OTHER NEWS UPDATES

Agric Agency, Firm To Revive Ora Mega Farm
Agriculture

Agric Agency, Firm To Revive Ora Mega Farm

1 hour ago
Improved Security, Consistent Economic Reforms Triggered $8bn Energy Investments – Cardoso
Business

Improved Security, Consistent Economic Reforms Triggered $8bn Energy Investments – Cardoso

3 hours ago
N18bn Daily Subsidy Payment Will Cripple Economy
Business

Prerogative Of Mercy Sparks Concerns Over Governance, Investor Confidence

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Kaduna Int’l Polo Tourney Gets Major Boost, Secures N150m From Sponsors

46 seconds ago

Team Nigeria Clinches Bronze Medal At African Hockey Cup Of Nations

3 minutes ago

South Africa’s Minister Wants Nigeria To Miss Out On 2026 World Cup Qualification

5 minutes ago

NSC, NOC Hail Team Nigeria For Outstanding Feat At ANOCA Zone III Games

7 minutes ago

Ojikutu Dedicates 80th Birthday To Prayer Against Global Challenges

16 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.