Thursday 6 August 2015

NLNG FAULTS NEITI ON NON-REMITTANCE OF $11.6BN TO FEDERATION ACCOUNT

040715F-Kudo-Eresia-Eke.jpg - 040715F-Kudo-Eresia-Eke.jpgThe Nigeria LNG Limited (NLNG) has faulted the Nigerian Extractive Industries Transparency Initiative (NEITI) over a report credited to the transparency watchdog that the company has not remitted about $11.6billion (N2.32trillion) to the Federation Account.

The company has also denied reports alleging that it owned the proposed Badagry Dry Dock Project, saying it was neither the owner nor an investor in any dry dock project
 

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