WorldStage Newsonline– The Nigeria LNG Limited (NLNG) has reacted to reports on the investigation by the House of Representatives into alleged illegal withdrawal of US$1.05 billion from NNPC’s (NLNG) dividend account and allegations that its Managing Director/CEO Tony Attah and the GMD, NNPC, Mele Kyariare signatories to an account and have been moving and “squandering” monies belonging to the company without approval.
NLNG in a statement by Eyono Fatayi-Williams, General Manager, External Relations and Sustainable Development said the governance and controls around the Company’s finances made the allegations against the Managing Director and the GMD an impossible scenario and therefore members of the public should disregard the allegations.
“For the purpose of clarity, NLNG wishes to state that the company, as a private limited liability company, duly pays dividends to its shareholders and continues to conduct its business in full compliance with regulations and the laws of the Federal Republic of Nigeria,” the statement said.
“NLNG strictly follows extant protocols in the payment of dividends as value generated from the business and ensures that the process concerning payment of dividends to its shareholders is transparent and in full compliance with the laws of the Federal Republic of Nigeria. Expectedly, NLNG’s involvement in the process ends with the payment of such dividend.”
NLNG in the statement also emphasized that it continued to bring value to both its shareholders and the country, utilising best practices in the industry to monetise gas resources and contribute to the socio-economic wellbeing of the country in line with its vision of helping to build a better Nigeria.
