The Nigeria LNG has sent a Demand Notice (DN) to the Nigerian Maritime Administration and Safety Agency (NIMASA) in which it requested to be paid the sum of USD$315,598,823.29 judgment debt as ruled by the Federal High Court recently.
The sum covers what NLNG paid to NIMASA about four years ago when the apex maritime agency blocked its Bonny Channel in a bid to collect the 3.0 per cent shipping dues and also for some losses suffered as a result of the action.
The General Manager, NLNG, Dr. Kudo Eresia-Eke, who spoke on the issue to newsmen said
the Federal High Court ruling was not just a legal victory for NLNG but a resounding message from Nigeria to the global investment community.
According to him, “the message is that we can be trusted to keep our sovereign word and that Nigeria remains open for business, partnership and investments.”
The Federal High under Justice M. B. Idris had in its judgement ruled that NIMASA was wrong to have caused a blockage on the Bonny Channel against NLNG a bid to enforce payment of shipping dues.
The court ruled that the dues should refunded to NLNG.
However, NIMASA had appealed against the judgment of the High Court.