Stella Dimoko Senator Dino Melaye Uncovers $137m Fraud In NNPC


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Wednesday, January 24, 2018

Senator Dino Melaye Uncovers $137m Fraud In NNPC

Lawmaker representing Kogi West Senatorial District, Senator Dino Melaye, has raised the alarm over alleged operation of a secret account by the Nigerian National Petroleum Corporation and other joint venture companies.

Melaye, who raised a point of order at the plenary on Tuesday, alleged that the account, which was supposed to be domiciled with the Central Bank of Nigeria, was with Keystone Bank, had no Bank Verification Number and had a balance of $137m as of Tuesday.

He said, “While some individuals and government appointees will continue to steal, we have decided to continue to expose corruption in public life. This morning, I call the attention of the Nigerian Senate to a suspected, colossal, monumental corruption in NNPC.

A company was registered with the name ‘Brass LNG Limited’ with the Federal Government having controlling shares. We have some Italians, Belgians and French as shareholders, with the Federal Government with a controlling share of about 50 per cent.

It is a known fact that once you have a joint venture, the account of such joint venture will be domiciled with the Central Bank of Nigeria. But in this case, that was not what happened. In private, the account was opened with Keystone Bank; this account has no BVN and there has been periodic withdrawals (from it).
The last withdrawal from the account was to the tune of $4m. As I speak to you, the balance of that account as of tuesday is $137m.

President of the Senate, Bukola Saraki, sought the permission of the lawmakers to allow Melaye to bring the matter up as a motion at the next legislative day, which was unanimously granted. Melaye was asked to move the motion on Wednesday (today).

From punch


  1. This is not a news anymore from u sir, this has been revealed some months back.

    Just have to be sincere, we have no leaders, we only have thieves has leaders

    Mc pinky

  2. OMG!!,,,
    137 million what?...
    Watch how this case will be swept under the carpet cos Vuharia and co knows about the deal!...

  3. O really? And who is the Minister of Petroleum again? Hahahahahaha, NaijA I hail thee.

  4. Petrol is on the high side!!,,.
    No electricity!,,.no petrol to even run the generators
    People are suffering!...
    .yet someone is hoarding such huge amount for his/her own personal consumption!...
    May stroke,cancer and kidney disease befall on such people eating this money!!...iseeee!!!!

  5. Ok oh... another ikoyi towers kinda story loading..

  6. The more we look, the less we see.

  7. The more we look, the less we see.

  8. #At all costs, avoid entangling yourself emotionally in other people's dramas and battles*

  9. This people sure knows that most Nigerians are just gullible and since ply educated illiterates.

    A JV is a SEPARATE company, it is not owned by the Federal Government and it is not a MDA, it can and will operate as any other company.

    It will maintain it's own operating accounts in any bank of its choice and is not bound by TSA rules. How many times do they have to explain this to Melaye???

    NNPC and knowledgeable people have explained it to the National Assembly members many times that those JVs, SHell, Total, Agbo and others are not subject to TSA as Govt is just like any y shareholder which is different from a government Ministry, Department or Agency. They are full fledged separate companies on their own.

    Brass LNG Ltd, is a company or is it a department under NNPC or Ministry of Petroleum?

    1. That stops it from having a bvn?? Explain please. Because you seem to be the illiterate here trying to cover up a fraud


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