By Our Correspondent
The Nigeria LNG Limited (NLNG) says it remains a responsible corporate citizen, consistently operating in compliance with Nigerian laws.
Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development, gave this assurance in a statement emailed to TheNewsZenith on Thursday.
Odeh assures that the company will continue to operate in line with its vision of being globally competitive.
TheNewsZenith reports that this statement is coming against the background of a recent media report that a Tax Tribunal ordered NLNG to pay $27.5m to FIRS as the 2016 revised Corporate Income Tax.
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“Nigeria LNG Limited (NLNG) has noted media reports suggesting that a Tax Appeal Tribunal
ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised
Company Income Tax (CIT) settlement for 2016.
“This report misrepresents an out-of-court settlement that was reached amicably between the parties. The settlement is without prejudice to their respective legal positions.
“The Tribunal merely adopted the settlement as ‘Consent Judgment’ in the appeal.
“NLNG made the payment in furtherance of a settlement agreement reached between the parties and not because of any Tribunal order,” the statement read in part.
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