Asides the unremitted N2.659 trillion revenue reported by NEITI, the NFIU has also uncovered over $5 billion and N700 billion not paid in the area of operations by oil companies Nigerian President, Muhammadu Buhari, has unleashed the Nigerian anti-graft agencies, Economic and Financial Crimes Commission (EFCC) and the Nigerian Financial Intelligence Unit (NFIU) on oil firms in Nigeria as the alleged unremitted tax, royalty racket by the companies degerates. Platforms Africa reports that Buhari specifically directed the NFIU to lead the immediate recovery of N2.659trillion owed the federation by…
Read MoreBuhari Unleashes EFCC, NFIU on Oil firms as N2.7trn Royalty Racket Worsens
