NEITI Audit: EFCC confirms N115bn statutory levies recovery from oil companies

The Economic and Financial Crimes Commission, EFCC, connected Wednesday revealed that it has recovered implicit N115 cardinal successful statutory levies owed to the Niger Delta Development Commission, NDDC, by defaulting lipid companies betwixt 2021 and 2023.

The amount, presented to the Senate Committee connected Public Accounts, is made up of N76.883 cardinal and $81.076 million.

EFCC representative, Mr. Francis Oka-Phillips Usani, disclosed this during the committee’s probe of the Nigeria Extractive Industries Transparency Initiative, NEITI, 2021–2023 Oil and Gas Sector Audit findings.

Usani said 43 lipid companies were investigated, retired of which 24 operating wrong the Niger Delta were recovered to person outstanding liabilities. 

“At the commencement of investigation, EFCC invited 43 lipid companies retired of which 24 operating wrong the Niger Delta, were recovered to person outstanding liabilities successful the sums of N76,883,705,907.17 and $81,076,655.00 portion the remaining 19 lipid companies were fixed a cleanable measure of health,” helium said.

He added that nether unit from the EFCC, immoderate of the 24 companies paid straight to NDDC, totalling N6.709 cardinal and $16.994 million.

According to him, retired of the full recovered, N73.373 cardinal and $67.070 cardinal person been released to NDDC. T...