Legal & Regulatory

Court rules on NLNG/NIMASA case today, July 12

Jul 12, 2013

A Lagos Federal Court has fixed July 12 for ruling on the ongoing row between the Nigeria Liquefied and Natural Gas (NLNG) Limited and the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged failure to pay some statutory charges to the Federal Government. Justice Mohammed Idris will rule on two preliminary objections filed by…

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Why Delta can’t claim Ibori’s $15m bribe – FG

Jul 11, 2013

The Federal Government on Wednesday gave reasons why the Delta State Government should not claim the $15m said to have been received by the Economic and Financial Crimes Commission from an  agent of  former  Governor James Ibori in 2007 as a bribe . The   Government said the state  had once   distanced itself from the sum …

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NLNG Blockade Continues

Jul 9, 2013

The blockade to Nigeria’s NLNG ships is still ongoing, despite a court order to end it. A Nigerian federal court once again issued an order for the maritime security agency to end a blockade which is costing an estimated $22 million a day. Justice M.B. Idris rejected an application against the ruling from the Nigerian…

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EU, Italy, Netherlands to probe Malabu oil deal

Jul 8, 2013

The European Union has promised to commence an investigation into the Malabu oil deal scandal. This follows a letter by international extractive industry advocacy groups, Publish What You Pay (PWYP) and Zero Corruption Coalition (ZCC) have written the Italian and the Netherlands governments urging them to urgently institute an investigation into the Malabu oil deal…

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NIMASA, NLNG’s face-off costs Nigeria N4.48bn daily

Jul 8, 2013

The Federal High Court  will rule today  on a tax dispute between Nigeria Liquefied  Natural Company (NLNG) and the Nigerian  Maritime Administration  and Safety  Agency (NIMASA). But there is hint that NLNG is contemplating resolving the dispute out of court. The deadlock is costing $22 million (N4.48billion) a day in lost gas exports, according to…

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NEITI lauds judgment ordering Mobil to pay $83.4m tax

Jul 4, 2013

The Nigeria Extractive Industries Transparency Initiative on Sunday praised the recent judgment by the Tax Appeal Tribunal ordering Mobil to pay $83.4m as tax to the Federal Inland Revenue Service. The tribunal recently ordered the oil giant to pay its Education Tax liability to the federation for the year 2008. A statement by the Director,…

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Expert flays oil sector’s $680bn loss to corruption

Jul 4, 2013

The Chief Executive Officer, BOk Development Limited, Mr. Adekunle Disu, has condemned the loss of $680bn annually to corruption in the oil and gas sector due to sharp practices. Disu, who described the situation as appalling, however, expressed optimism that the colossal loss could be effectively checked if government imbibed the political will to tackle…

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NLNG declares force majeure over NIMASA’s blockade

Jul 2, 2013

Nigeria’s export of gas has suffered a major setback as the Nigeria Liquefied Natural Gas (NLNG) said yesterday it had declared force majeure on its exports of liquefied natural gas as a blockade by the Nigerian Maritime Administration and Safety Agency (NIMASA) over a tax dispute, which entered its second week. The blockade, which has…

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NLNG vs NIMASA: FG asks court to vacate order

Jul 1, 2013

The Federal Government has asked a Federal High Court sitting in Lagos, to vacate the ex-parte order granted against it in the dispute between Nigeria Liquefied Natural Gas, Ltd, NLNG and Nigeria Maritime Administration and Safety Agency, NIMASA, over non-payment of statutory levies and charges the maritime regulatory agency claims were due to it from…

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NLNG files contempt charge against NIMASA, AGF

Jun 28, 2013

Nigeria Liquefied Natural Gas, NLNG, Limited has initiated contempt proceedings before a Federal High Court, Lagos, seeking to commit the Nigerian Maritime Administration and Safety Agency, NIMASA, and the Attorney-General of the Federation, AGF, to prison for “having disobeyed the order of the court made on June 18, 2013,” which amounted to contempt of court.…

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