The government is owed the money by almost 100 oil companies, Lagos-based Punch newspaper reports, citing the Nigeria Extractive Industries Transparency Initiative.
- At least 77 oil companies failed to remit petroleum profit tax, company income tax, education tax, value-added tax, withholding tax, royalty, and concession on rentals, Punch says, citing NEITI Executive Secretary Orji Ogbonnaya Orji
- Agency will work with bodies including Economic and Financial Crimes Commission and Nigerian Financial Intelligence Unit to recover the debt
- Agency plans to identify the debtors at a later date
- NOTE: NEITI was established in 2004 after Nigeria acceded to the Extractive Industries Transparency ...
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