Group demands apology from FG

Contrary to the federal government's claims that the source of the bailout funds was from Nigerian Liquefied Natural Gas (NLNG) dividends, evidence has surfaced that it is not true.

President Muhammadu Buhari

Mr. Clem Aguiyi, National Coordinator of Move On Nigeria has called on the Federal Government of Nigeria and the All Progressives Congress (APC) to apologise to Nigeriansfor lying.

He said they misled Nigerians on the issue of bailout funds for the states.

Aguiyi said contrary to the federal government's claims that the source of the bailout funds was from Nigerian Liquefied Natural Gas (NLNG) dividends, evidence has surfaced that it is not true.

He said the recent comment made by the Managing Director of the Nigerian Liquefied Natural Gas (NLNG), Babs Omotowa, in a recent interview reveals that the money was from Corporate Income Tax (CIT) paid by Nigerian Liquefied Natural Gas (NLNG)

Investigations reveal that the NLNG boss, told ThisDay Newspapers that “We did not pay the government $1.6 billion dividend but $1.6 billion corporate income and education tax, which is different from dividend. This of course is from our activities in 2014. The payment is for the 2014 accounting year, which ended in December. Of course, the law said that we must make this payment on or before the end of June and we kept to that law because we are a world class company that follows standards and laid down laws.”

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