Energy
$25b prospective investment threatened by amendment of NLNG Act
10 years agoThe Chairman, National Association of Energy Correspondent (NAEC), Yusuf Yunus (left); and Managing Director/Chief Executive Officer, Nigeria LNG Limited, Babs Omotowa; Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, acting Managing Director, Niger Delta Power Holding Company (NDPHC),Chiedu Agbo, at the NAEC yearly conference in Lagos.
Apart from the immediate relocation of investments in excess of $25 billion to other countries, Nigeria will also be opened to the risk of fines running into billions of dollars in International Courts if it amends the Nigeria LNG Acts...