Human Rights Activist and Senior Advocate of Nigeria (SAN), Femi Falana, has asked the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, to direct the Nigerian National Petroleum Corporation Limited (NNPCL) to remit the sum of $34.2 billion to the Federation account.
Falana said that the said amount was received on behalf of the Government of Nigeria from the Nigerian Liquefied Natural Gas (NLNG) Limited from 2004 to 2021.
This was made known in a letter titled, ‘Request To Recover $34.2bn Being Dividend Collected By NNPCL On Behalf Of The Federation’, dated October 24 and written by Falana to the Minister.
Falana in the letter recalled instances where monies were said to have been remitted by the NLNG to the NNPCL.
The senior lawyer said that the sum totaling $34.2 billion was received on behalf of the Government of Nigeria from the Nigerian Liquefied Natural Gas (NLNG) Limited from 2004 to 2021, noting that the decision of the NNPCL to divert the said sum of $34.2 billion from the Federation is not backed by any law.
The senior advocate said he would not hesitate to initiate legal proceedings at the Federal High Court for the immediate recovery of the said sum of $34.2 billion from the NNPCL if the finance minster fails to direct that the money be remitted to the Federation account.
The letter from Falana reads,
