NLNG not linked to recovery of funds

Nigeria Liquefied Natural Gas (NLNG) has disassociated itself from an erroneous recent report in Nigeria media (not Businessday) titled: “N115bn loot: Ex-Air chiefs, politicians top refund list.”

 The said report quotes an unnamed public official and states that ‘$3.1 billion was intercepted in the accounts of NNPC and NLNG, which was yet to be moved to the Central Bank of Nigeria in line with the Treasury Single Account (TSA) policy.’

“NLNG views this statement with utmost seriousness and wishes to denounce it as misleading and untrue,” Kudo Eresia-Eke, general manager, external affairs division, NLNG, said in a press statement.

“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,” the statement said.

NLNG, however, appeals to all concerned stakeholders to take the necessary duty of care of checking the accuracy of information before publication.