<h4>$27.5m Corporate Income Tax</h4>
<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that Nigeria LNG Limited (NLNG) has noted media reports suggesting that a Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016.</p>
<p>In a statement signed by Andy Odeh, General Manager, External Relations and Sustainable Development, NLNG clarifies that these reports misrepresent an out-of-court settlement that was reached amicably between the parties, without prejudice to their respective legal positions, which the Tribunal merely adopted as Consent Judgment in the appeal.</p>
<p>The payment by <a href="https://www.vanguardngr.com/">NLNG</a> was thus made in furtherance of a settlement agreement reached between the parties and not because of any order made by the Tribunal.</p>
<p>According to the statement, NLNG remains a responsible corporate citizen, and consistently operates in compliance with Nigerian laws and will continue to operate in line with its vision of being <em><strong>&#8220;a globally competitive LNG company helping to build a better Nigeria.&#8221;</strong></em></p>

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