NLNG dismisses bribery involvement

March 9, 2015

Nigeria LNG Limited said its 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 said in a statement 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 said.

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 nominated by Bonny LGC, and not by cheque, as alleged in the social media posts.

NLNG is owned by the following shareholders: the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49%), Shell Gas BV, (25.6%), Total LNG Nigeria (15%), and Eni International (10.4%).

1 Naira = 0.005013 USD

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