In a statement on Saturday, Mr Malami defended his controversial decision that has angered many Nigerians.
On Friday, Mr Malami explained the function of his office in facilitating the payment of five per cent to the recovery agent, through the Ministry of Finance. “Write a letter to the Federal Ministry of Finance, forward the engagement letter, forward the evidence of lodgement of the amount and direct it to pay the recovery fee,” the AGF said in a follow up communication with PREMIUM Times, Friday evening.Prior to the signing of the Deep Offshore and Inland Basin production sharing contract Act by President Buhari on November 4, Mr Malami said he had moved to recover oil revenues due to Nigeria from international oil companies.
President Muhammadu Buhari had expressed surprise over the contract with Trobell Limited and directed the minister to suspend the contract. He described the agreed commission as excessive.
Read the whole story guys. If stand the chance to loose $62Billion instead. 5% of the recovery amount is not too much. But i dont want a clause that will hold nigeria responsible to the recovery agent if they cant get the money from the oil companies. P&ID
Malami, Ole.
PT sure understands the dullness of it followers. It's a pity how it insult them with such headlines on daily basis. What happened to 'Why I Planned to Pay $ 2.5 billion to recover our looted $62 billion'?
When this administration is done, we might have to sell whats left of Nigeria, take our little shares and relocate to different countries
There are levels to debt recovery. This is the mother of all recoveries. Hmmmn, how come the CoS is not happy?
Seven hundred and seventy-four billion? Am I reading this correctly? Enough money that can build a refinery or give us 5000 MW. Criminals in power!
Man must wack recovery system 💪😁💪
21.5 trn Naira if it works out.
Hate speech from the AGF
To recover how much? What's wrong with you people in government?
This is serious in this country! Haba!
These guys are now gods
Do you mean 1billion per local government in Nigeria or for 1 firm. Cause I no sabi English again o
Billion 😂😂😂
Thief,pay 774 Billion to recover 100 Billion.
Guys have planned to destroy Nigerians finally this is the regime that will kill the black race, this country just has to divide it must Nigeria must fall the South must go!!