Looted Funds: NLNG denies links to recovery of funds


PORTHARCOURT-Nigeria LNG’s (NLNG) attention has been drawn to an erroneous recent report in Nigeria media titled: “N115BN LOOT: EX AIR CHIEFS, POLITICIANS TOP REFUND LIST.”

The said report quotes an unnamed public official, and states that ‘$3.1bn intercepted in the accounts of NNPC and NLNG which 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.

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.


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