Fidelity bank banner NewsExpress advert
BREAKING NEWS: NLNG wins High Court case against NIMASA

By News Express on 03/10/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,814


The Federal High Court sitting in Lagos today delivered judgment in favour of Nigeria LNG Limited (NLNG) in a case between the company and the Nigerian Maritime Administration and Safety Agency (NIMASA) over applicability of NIMASA levies.

NIMASA had alleged that NLNG was liable to pay  three percent gross freight  on its international inbound and outbound cargo, Sea Protection Levy, two percent cabotage surcharge on all activities carried out for and on its behalf, as well as other sundry claims, all of  which NLNG disputed.

In his judgment, Hon. Justice M.B. Idris, held inter alia, that NLNG was not liable to make the said payments to NIMASA, and that all such payments already made by NLNG to NIMASA should be refunded to NLNG forthwith. Hon. Justice Idris further held that NIMASA was wrong in blockading the Bonny Channel for the purpose of enforcing the payments against NLNG.

NLNG, in 2013, filed the case at the Federal High Court against NIMASA, seeking a judicial determination on, among other things, the legality or otherwise of the levies sought to be imposed on NLNG by NIMASA, and the consequent blockade of the Bonny Channel by NIMASA and its agents as a result of the dispute.

NLNG had also sought a Court Order restraining NIMASA from further blockade of the Channel. An Interim Injunction granted in favour of NLNG by the Federal High Court was disobeyed by NIMASA, which again effected a blockade of the Bonny Channel for over a three week period whilst the matter was pending, thereby preventing NLNG vessels and other vessels doing business with the company, from entry and exit through the Channel.

NIMASA had filed a counterclaim restating its supposed entitlement to receive payment of the levies from NLNG.

Reacting to the judgement, NLNG General Manager, External Relations, Kudo Eresia-Eke, said: “The Federal High Court judgement reinforces NLNG’s position that by the provisions of the applicable laws, the company is not subject to payment to NIMASA of the three percent gross freight as well as the Sea Protection Levy, and that the two percent Cabotage Levy is inapplicable because NLNG’s LNG vessels are not involved in coastal trade or cabotage. This decision also affirms the sanctity of the guarantees and assurances conferred on the company and its shareholders by the Government of the Federal Republic of Nigeria, on the strength of which the shareholders made their investments from which the country has reaped immense returns.

“NLNG as a law abiding company and a good corporate citizen remains committed to conducting its business in accordance with the laws of the Federal Republic of Nigeria.”

Source News Express

Posted 03/10/2017 3:18:18 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Cemetery rejects corpse of civil servant killed by...

Delta Guber Battle: Uncertainty in the air Okowa,...

Akwa Ibom Airport to airlift over 3,500 pilgrims...

Buhari’ll correct rot in MDAs, block financial leakages...

Lagos Assembly summons 3 commissioners, others over heaps...

Expect plenty thunderstorm today, some cloudiness and rains...

Intersociety moves to checkmate ‘desperate rigging forces’ ahead...

It’s clouds, clouds, clouds and thunderstorms today, NiMET...

Boko Haram wastes 9 soldiers in deadly ambush,...

UTME: ASUU not sincere with demands — Group...

Alex Ekwueme to be laid to rest Feb....

Rating agencies threaten to downgrade UK credit following...

 

Latest News Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino The rustication of ’Kunle Adebajo by UI, the ‘University of Intolerance’, By ’Fisayo Soyombo Thunder kills 4 farmers in Abuja MASSOB leader, Uwazuruike, sent to jail US Border patrol chases 5 immigrants to death Rivers LG poll: PDP clears 23 council seats Man kills mother over love affair with her sister Terrorists kill 8 police personnel in Kenya blast APC governors move to prevent convention crisis Southern, Middle Belt leaders allege registration of mercenary voters by INEC EFCC re-opens investigation on N21.7bn power plant project Budget cycle inconsistency hindering economic development – Experts

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,663 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (350,775 views) Shameless Genevieve Nnaji exposes breasts in public (279,644 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,634 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,750 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,264 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,402 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,478 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,571 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,185 views) Lagos plane crash: Journalist releases victims’ names (143,550 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,416 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,241) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (503) Features (606) Global Business Monitor (281) International (2,034) Interview (153) Live Commentary (28) Love Matters (123) News (36,280) Opinion (1,003) Pidgin (10) Politics (5,271) Religion (770) Sports (1,549) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement