Monday 18 August 2014

NLNG, NIMASA RESUME LEGAL BATTLE OVER $140M TAX

The bickering between the Nigeria Liquefied Natural Gas (NLNG) and Nigerian Maritime Safety and Administration Agency (NIMASA) over $140 million tax worsened yesterday as the agency declared that it would resume legal action against NIMASA and Global West Vessel Specialist Limited (GWVS) in its bid to be exempted from paying freight levies on its gas cargoes.

This action, the company said in a statement, was sequel to a ruling on August 11by a Court of Appeal sitting in Lagos, which upheld NLNG’s request to sue a private security company, Global West Vessel Specialist Limited, employed by state maritime security agency NIMASA to carry out blockades of shipment of LNG cargoes between May and June 2013.

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