Nigeria LNG Limited’s (NLNG) attention has been drawn to recent Nigerian social media posts about an alleged bribery incident, linked to 2014 tenement rate payments made by the company to Bonny Local Government Council (BLGC)
NLNG wishes to set the records straight by categorically stating that the allegations are misleading and false.
NLNG’s assets in Bonny LGA had been assessed in accordance with the relevant bye-laws of Bonny LGC and issued a Demand Notice dated November 13, 2014 for the sum of One hundred and forty million naira (N140, 000,000.00) only.
The company made the payment for the invoiced sum (N140,000,000.00) and not one hundred and eighty million naira as alleged.
Further, the payment was made on February 6, 2015 by electronic transfer in line with standard NLNG practice, to the account in Ecobank Nigeria Plc nominated by Bonny LGC, and not by cheque, as alleged in the misleading social media posts.
As an internationally renowned company owned by the following shareholders - the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49%), Shell Gas BV, SGBV (25.6%), Total LNG Nigeria Limited (15%), and Eni International (N.A) N. V. S. a. r. l (10.4%) - NLNG wishes to emphasize that it continues to conduct its businesses in full compliance with the laws of the Federal Republic of Nigeria and applicable tax regulations.
NLNG remains the arrowhead of the Federal Government’s drive to derive value from its vast natural gas resources, diversify the economy and eliminate gas flaring
General Manager, External Relations