Contrary to the earlier intelligence of the Nigerian Extractive Industries Transparency Initiative (NEITI) to the House of Representatives to probe the alleged loss of 15.9 billion dollars dividend accruing to the Federal Government from the Nigeria LNG Limited (NLNG), the company has refuted the clams, saying it has no outstanding dividend payments to Government.
A statement issued by General Manager, External Relations Division, Kudo Eresia-Eke, said NLNG will continue to conduct its business in accordance with regulation and the laws of the Federal Republic of Nigeria.
Eresia-Eke in the terse statement noted that NLNG’s attention has been drawn to news reports about the call by NEITI’s to the House of Representatives to probe the alleged loss of 15.9 billion dollars dividend accruing to the Federal Government, and we wish to clarify as follows:
“NLNG like every responsible corporate entity supports the principles and objectives of NEITI, including the promotion of transparency in payments by extractive industry companies to Governments and Government-linked entities.
“NLNG is aware that NEITI had previously stated publicly in 2016 that records indicate that NLNG duly made the applicable dividend payment to the NNPC as representative of Government’s interest in the venture.
“NEITI’s 2017 Policy Brief document specifically details dividend payments by NLNG to NNPC between 2000 and 2014 and confirms that NNPC acknowledged receipt of same,” Eresia-Eke argued.
