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NLNG Decries Link To Looted Funds Recovery 

Sopuruchi Onwuka

Nigeria Liquefied Natural Gas (NLNG) Limited has decried media reports linking it to the recovery of funds by the security agencies and government’s investigators.

Spokesman of the company, Dr Kudo Eresia-Eke, declared that no money meant for transfer into the government’s Single Treasury Account (TSA) was intercepted in the accounts of the company, denouncing media reports on that as misleading and totally untrue.

The said report (not in The UNION) which quotes an unnamed public official stated that $3.1bn was intercepted in the accounts of NNPC and NLNG, saying that the money was yet to be moved to the Central Bank of Nigeria in line with the Transaction Single Account (TSA) policy’.

“NLNG views this statement with utmost seriousness and wishes to denounce it as misleading and untrue,” Dr. Eresia-Eke stated.

“To our knowledge, no NLNG’s accounts are the subject of any recovery effort by the EFCC or any other similar authority more especially as NLNG is a private company and not a government agency or parastatal.

“We are surprised that these misleading reports continue to be rehashed despite categorical statements by ourselves and third parties, including the Nigerian Extractive Industries Transparency Initiative (NEITI) to the effect that NLNG has no outstanding obligations to government.

“We wish to use this medium to appeal to all concerned stakeholders to take the necessary duty of care of checking the accuracy of information before publication,” he stated.



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