The Nigerian National Petroleum Corporation (NNPC) says the reported non-remittance of the $11.6bn Liquefied Natural Gas dividends as alleged by the Nigerian Extractive Industries Transparency Initiative (NEITI) has been referred to the Inter-Ministerial Task Team (IMTT) for reconciliation and resolution.
In a statement signed by the Spokesman of NNPC, Mr. Ohi Alegbe, the corporation said the impression created by NEITI that nothing was being done to get the money remitted was false.
“At the last meeting of the IMTT, it was resolved that the Minister of Petroleum, Chairman of NEITI, Executive Secretary of NEITI, and the Group Managing Director of NNPC should meet on the issue of NLNG dividends and report back to the IMTT.
“Unfortunately, that meeting has not held. However, another meeting of the IMTT is coming up next week and the issue will be taken up from there.
“NEITI as a member of the IMTT is aware of the ongoing efforts to reconcile and resolve the issue of NLNG dividend remittance” the statement concluded.