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UGO AMADI
Nigeria LNG Limited (NLNG) has one again refuted a false report published by Vanguard Online Titled “How Govt Officials Facilitated $1.2bn Crude Oil, Gas Theft – Source”
In a statement signed by Andy Odeh, General Manager, External Relations and Sustainable Development, NLNG stated that .” The report is false, malicious and deliberate as it is a rehash of fallacious claims reported in an online media channel in January 2022
The statement read thus: The attention of Nigeria LNG Limited (NLNG) has been drawn to a publication in the Vanguard Online of 10th August 2022 under the caption: “How govt officials facilitated
$1.2bn crude oil, gas theft – Source.” The report is false, malicious and deliberate as it
is a rehash of fallacious claims reported in an online media channel in January 2022.
NLNG had responded to the allegations, clearly stating the facts, yet Vanguard Online
published the same allegations with no prior opportunity offered to the Company to
react or respond to the assertions. The rehash in Vanguard Online is obviously
calculated to cast the Company and its leadership in bad light.
To again set the records straight, NLNG wishes to clearly state that:
requirements for the export of its products and are made under various LNG
sales contracts s to destinations not limited to Europe, but also to the Far East,
Greater Middle East, North America and South America, thus ensuring NLNG’s
position as a significant competitive global LNG supplier, promoting the
Nigerian Brand.
strong business principles and ethics in accordance with requirements of relevant
Nigerian and global laws and regulations.
and does not, engage in “illegal” exportation of LNG or any of its products, nor
is NLNG involved in any international cartel, as alleged. It is simply not true
that “… the illegal exportation is still ongoing with the backing of some top
officials of government”. The LNG trade undertaken by the Company is bound
by strict protocols and controls, hence not amenable to the kind of illegitimate
schemes alleged in the report.
every single cargo of product loaded by the Company since it commenced
operations, together with fully accurate accounts of destinations, quantities
loaded and unloaded and related earnings on each cargo, and these are
demonstrable. For each of the past financial years which are periodically
audited, including the periods alluded to in the report, the Shareholders of
NLNG, which includes NNPC and three IOCs, never reported that any cargo or
product of the Company was lost or unaccounted for. Indeed, the possibility of
such happening is beyond comprehension.
picture of the Company’s business and its LNG trade and is at complete variance
with the Company’s Vision as a globally competitive LNG Company helping to
build a better Nigeria.
NLNG demands an immediate retraction of the false and malicious report in its entirety,
in addition to an apology, which must be given as much prominence as the original
report. The legal rights of NLNG and its impacted personnel are fully reserved.
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