GTB 737 banner Yudala banner

BREAKING NEWS: NLNG wins High Court case against NIMASA

By News Express on 03/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 750


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


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Legal fireworks as Jehovah’s Witnesses, government lawyers battle...

It will be a day of cloudy morning,...

Akwa Ibom State Government fails to stop ICPC’s...

BREAKING NEWS: Police nabs suspects who attacked Anambra...

Intersociety exposes politicians’ lies, tells Nigerians not to...

Gunmen kill 10 in Port Harcourt

Head of Service heads Akwa Ibom committee on...

Senator-elect Dino Melaye calls for reduction of lawmakers’...

Bayelsa State Govt. accused of vandalisng APC Secretariat...

Lagos Govt. challenges Appeal Court ruling on use...

Abuja Co-Operative business societies protest electricity rate hike,...

Gov. Amaechi escapes death at Rivers State House...

 

Latest News 22 secondary school students land in court for attacking teachers, fellow students Lagos vows to become Africa’s third largest economy by 2020 Man shares bed with son, daughter-in-law Rescue workers in desperate search for man who jumped into Lagos Lagoon Adesina calls for immediate action over deepening crisis of global malnutrition MOPOL officer assaults Eko Electric disconnection team HURIWA tasks IGP on murdered Joy Odama; Ozubulu church attack Delta to become Nigeria’s technology hub, says Okowa Verification of military pensioners holds Nov. 26 to Dec. 9 Buhari restatates committed to make Nigeria attractive to investors Delta Govt. confirms 5 monkey pox cases UBA introduces video live chat with co-browsing technology

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (287,482 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (270,096 views) Shameless Genevieve Nnaji exposes breasts in public (218,219 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,587 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,405 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,029 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,474 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,679 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,574 views) Lagos plane crash: Journalist releases victims’ names (114,103 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,117 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,470 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,728) Business Verdict (24) Columnists (757) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (395) Features (497) Global Business Monitor (187) International (1,581) Interviews (134) Live Commentary (28) Love Matters (79) News (29,485) Opinion (826) Pidgin (8) Politics (3,988) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!