NLNG Denies Link with Trapped $3.1bn

Nigeria Liquefied Natural Gas (NLNG), said on Monday, that none of its accounts is under investigation by any of the anti-graft agencies, nor is it involved in recovery efforts by the government.

In a statement by its General Manager in charge of External Relations Division Mr. Kudo Eresia-Eke in Abuja, said the company was not under any investigation and so should not be linked with the said trapped $3.1bn.

He said in the statement tha the report, “Quoted an unnamed public official, and states that ‘$3.1bn intercepted in the accounts of the Nigerian National Petroleum, NNPC and NLNG which was yet to be moved to the Central Bank of Nigeria in line with the Transaction Single Account (TSA) policy’.

“NLNG views this statement with utmost seriousness and wishes to denounce it as misleading and untrue.

“To our knowledge, no NLNG’s accounts are the subject of any recovery effort by the EFCC or any other similar authority more especially as NLNG is a private company and not a government agency or parastatal.

“We are surprised that these misleading reports continue to be rehashed despite categorical statements by ourselves and third parties, including the Nigerian Extractive Industries Transparency Initiative (NEITI) to the effect that NLNG has no outstanding obligations to government.”

“We wish to use this medium to appeal to all concerned stakeholders to take the necessary duty of care of checking the accuracy of information before publication.”





Author: News Editor

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