The House of Representatives, on Thursday, resolved to set an ad hoc committee to investigate the expenditure and implementation of the $22 billion Brass Liquefied Natural Gas (LNG) project.
This followed a motion by Rep Chinda Ogundu (Rivers-PDP) at the plenary on the urgent need to investigate the implementation of the project.
The News Agency of Nigeria (NAN) reports that Brass LNG Project was originally set up in 2003 with the Nigerian National Petroleum Corporation (NNPC) owning 49%, while other affiliates namely, Conoco Phillips, ENI, and Chevron hold 17% each.
Moving the motion, Ogundu said the House noted that there had been several allegations of abuse and mismanagement of funds totaling about $22 billion meant for take-off and running of the project.
“We are also aware that the project has been stuck in the planning stage for more than a…
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