By Seyi Babalola
Nigerian Liquefied Natural Gas (NLNG) Limited says report on an alleged outstanding payment of $27.5m tax to the Federal Inland Revenue Service (FIRS) is false.
The NLNG said this in a statement by Mr. Andy Odeh, General Manager, External Rations and Sustainable Development.
The alleged sum was reported to had accrued from a revised Company Income Tax (CIT) settlement for 2016 was not true.
Odeh further said: “NLNG clarifies that these reports misrepresent an out-of-court settlement that was reached amicably between the parties, without prejudice to their respective legal positions, which the Tribunal merely adopted as Consent Judgment in the appeal.
“The payment by NLNG was thus made in furtherance of a settlement agreement reached between the parties and not because of any order made by the Tribunal.
“NLNG remains a responsible corporate citizen, and consistently operates in compliance with Nigerian laws and will continue to operate in line with its vision of being “a globally competitive LNG company helping to build a better Nigeria.”
