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Buhari vows to reopen NLNG, NIMASA tax fiasco

President Muhammadu Buhari has promised to launch fresh enquiry into the face off between the Nigeria Liquefied Natural Gas (NLNG) and Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged failure of NLNG to pay some statutory due to the federal government.

Speaking at the Presidential media chat yesterday, President Buhari said he will launch enquiry to know the present status of the fued.

It would be recalled that NIMASA had in 2013 taken the management of the NLNG to court following arguments over whether or not the latter ought to pay 2 % cabotage and 3 % freight levies for shipping by Bonny Gas Limited, a subsidiary of NLNG, estimated at over $400million to NIMASA from September 2007 till date.

But, the NLNG said the (Fiscal Incentives, Guarantees and Assurances) Act of 2004 Laws of the Federation, exempt NLNG from the payment of taxes to the government of Nigeria for a period of 10 years or till the achievement of a certain minimum threshold in the price of gas.

NLNG also relied on a paragraph in the Second Schedule of its enabling Act which exempts it from being bound by any new laws, regulations, taxes, imposts or charges of whatever nature.

This according to NLNG were the Nigerian law that exempted the company from paying freight levies.

The president also said he had stopped the impunity of revenue generating agencies.

He said era where agencies like NIMASA, Customs, NNPC received government revenue and spend before remitting the rest to FG is gone.

Effort to get the reaction of The Deputy Director, Public Relations of NIMASA, Hajia Lami Tumaka proved abortive as text messages sent to her phone was not reply.

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