NLNG  denies withdrawal of $1.05bn from NNPC account 

Chinazor Megbolu    |

The Nigeria LNG (NLNG) Limited has debunked reports that its Managing Director, Mr. Tony Attah, was involved in the alleged illegal withdrawal of $1.05 billion from the Nigerian National Petroleum Corporation (NNPC) dividend account.

The NLNG in a statement issued on Tuesday by its General Manager, External Relations and Sustainable Development, Mrs. Eyono Fatayi-Williams, said that report linking NLNG Managing Director and its NNPC counterpart,  Group Managing Director, Mallam Mele Kyari to the illegal withdrawal was totally baseless and untrue and should be disregarded.

“The attention of Nigeria LNG Limited (NLNG) has been drawn to news 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 our Managing Director/CEO Tony Attah and the GMD, NNPC, Mele Kyari are signatories to an account and have been moving and “squandering” monies belonging to the company without approval.

“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.

“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,” the statement said.