Nigeria senate to probe state oil firm over Nigeria LNG funds

Nigeria's Senate voted on Tuesday to probe the state oil firm's alleged withdrawal of $1.05 billion from gas company Nigeria LNG.

The Premium Times newspaper reported on Monday that the Nigerian National Petroleum Corporation (NNPC) had used proceeds from Nigeria LNG - a venture between the state oil firm, Royal Dutch Shell (RYDAF), Total and ENI - to fund purchases of, and subsidies for, fuel during a shortage in early 2018.

NNPC was not available for immediate comment.

(Reporting by Camillus Eboh; writing by Paul Carsten; editing by Jason Neely)