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Published On: Wed, May 29th, 2019

Seplat denies non-remittance of N8.8bn to FG

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By Etuka Sunday

Seplat Petroleum Development Company Plc has denied the allegation of non-remittance of dues on royalty oil, royalty gas, concessional rental and gas flared penalty from 2013 through 2017, totaling $1.8billion (N8.8billion).
The Seplat said, the publication with the headline, “NPDC, Seplat short-changed FG by $1.8bn, N8.8bn –Presidential panel” was false.
The company in a statement by its General Manager, External Affairs & Communications, Dr. Chioma Nwachuku said, it wishes to inform the public that its attention has been drawn to 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.
“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,” it said.

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