We Have No Outstanding Dividend Payment To Government-NLNG

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Yemisi Izuora 

The Nigeria Liquefied Natural Gas, NLNG, has reacted to the call by the Nigerian Extractive Industries Transparency Initiative (NEITI)’s asking the House of Representatives to probe the alleged loss of 15.9 billion dollars dividend accruing to the Federal Government.

 The NLNG maintains that like every responsible corporate entity it has supported the principles and objectives of NEITI, including the promotion of transparency in payments by extractive industry companies to Governments and Government-linked entities and denied that it has no outstanding dividend payments to Government just as it assured that it will continue to conduct its business in accordance with regulation and the laws of the Federal Republic of Nigeria.

The company said in a statement by its general manager external relations, Kudo Eresia-Eke, that, “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”.

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