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Nigeria EFCC Recovers Funds

Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Economy & Trade

4 articles from 1 country

Nigeria's Economic and Financial Crimes Commission (EFCC) has recovered over N115 billion and $84 million in unpaid levies owed to the Niger Delta Development Commission (NDDC). The recovery comes after investigations into 24 oil firms, with some reports indicating 19 firms have been cleared.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English

EFCC Recovers N115bn, $84m in NDDC Levies from Oil Firms

- Nigeria's Economic and Financial Crimes Commission (EFCC) recovered over N115 billion and $84 million in unpaid levies owed to the Niger Delta Development Commission (NDDC). - The recovery follows an investigation into the 2021โ€“2023 Nigeria Extractive Industries Transparency Initiative (NEITI) Oil and Gas Sector Audit Report. - Of 43 investigated oil companies, 24 were found indebted, with N76.8โ€ฆ