Reps Move To Recover Outstanding Debts Owed FG By Oil And Gas Companies - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
December 2, 2021
The call was sequel to a unanimous adoption of a motion by Ahmed Munir at plenary.
The agencies included the Nigeria Extractive Industries Transparency Initiative NEITI, the National Oil Spill Detection and Response Agency NOSDRA, and the Federal Inland Revenue Service FIRS.
Moving the motion, Munir said that report by NEITI had indicated that 77 Oil and Gas Companies operating in Nigeria were owing the Federal Government over 2.6 trillion naira.
He said that the debts accrued from failure of the firms to remit Petroleum Profit Tax, Company Income Tax, Education Tax, Value Added Tax, Withholding Tax, Royalties, Penalties and Concession on rentals to the government.