NLNG says it has paid all dividends to FG

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The Nigeria LNG Limited says it has no outstanding dividend payments to the Federal Government and continues to conduct its business in accordance with regulations and the laws of the Federal Republic of Nigeria, The Punch reports.

The company said in a statement on Sunday that its attention had been drawn to the call by the Nigerian Extractive Industries Transparency Initiative to the House of Representatives to probe the alleged loss of $15.9bn dividend accruing to the Federal Government.

The company, however, said, “The NLNG is aware that NEITI had previously stated publicly in 2016 that records indicated that the NLNG duly made the applicable dividend payment to the NNPC as representative of government’s interest in the venture.”