ADVERTISEMENT

We are up to date on all statutory payments to FGN – Seplat

Seplat Petroleum Development Company Plc has denied the  recent publications alleging that Seplat “failed to remit complete dues” on royalty oil, royalty gas, concessional rental and gas flared penalty from 2013 through 2017.

The Special Presidential Investigation Panel for the Recovery of Public Property had said  the Nigerian Petroleum Development Company Ltd and one of its Joint Venture partners, Seplat Petroleum Development Company Plc, have short-changed the Federal Government by $1.8bn and N8.8bn from 2013 to 2017.

ADVERTISEMENT

The panel said its year-long investigation revealed that the sums of money represented the royalties on oil and gas, concessional rental and gas flaring penalty due to the Federal Government but which the NPDC and Seplat refused to remit.

Responding to a media  inquiry on Sunday, the NPDC, which is the flagship subsidiary of the Nigerian National Petroleum Corporation, admitted the indebtedness but said it was working towards liquidating it.

However, Dr. Chioma Nwachuku – GM, External Affairs & Communications of  Seplat in a statement yesterday said: “Seplat strongly refutes the allegation of non-payment of Gas sale royalty, Oil royalty, Concession rental and Gas flare penalty and confirms that it is up to date on all statutory payments to the Federal Government of Nigeria. Seplat will vigorously defend its position.”

Prostate ENLARGEMENT?

Don't Let Your PROSTATE Frustrate You! Here's A Better NATURAL Way To Shrink Your Prostate Enlargement! -No Surgery, -No Drugs. Shrink To Normal In Just 15 Days!

Normalize Your Urination And Erection! Just Click To Get It Now!

Download Daily Trust News App

Get it on Google Play
Share this article

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.