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NEITI: FG has recovered N2.6trn revenue from oil companies | TheCable

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The Nigeria Extractive Industries Transparency Initiative (NEITI) says the federal government has recovered N2.6 trillion in revenue from oil firms due to the intervention of the national assembly. Ogbonnaya Orji,

September 14, 2022 12:31 PM

Ogbonnaya Orji, executive secretary of NEITI, disclosed this on Tuesday at the civil society organisations and media engagement on Extractive Industries Transparency Initiative validation in Abuja. According to Orji, NEITI’s financial report led to the recovery of the debt, and $2.6 billion remained outstanding owed to the government by the oil companies as of March 2022.“By the time we release 2021 report, any company owing Nigeria we have no choice than to invite EFCC to take over and handle it as an economic crime,” he said.that owed the government up to $6.8 billion.According to Orji, the companies owing federal government decreased to 51 companies and $3.

 

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Oil companies remit N2.6 trillion after public hearing on NEITI reportThe Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji, yesterday disclosed that about N2.6 trillion have been recovered from oil and gas after a public hearing by the House of Representatives on its 2020 Oil and Gas Industry Audit Report.
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