Why we threatened action against oil and gas companies that failed to remit outstanding taxes, royalties and levies to the Federation Account – Industry Transparency Initiative Boss The Nigeria Extractive Industries Transparency Initiative, NEITI, has threatened action against oil and gas companies that failed to remit outstanding taxes, royalties and levies to the Federation Account amounting to about $6.4 billion (N2.66 trillion). NEITI noted that while a large portion of the amount has been paid by defaulting companies, it warned that it will instigate action against those that have…
Read MoreOil Firms Evade $6.4bn Taxes Payment To Nigeria, NEITI Kicks
