…as Senate intensifies probe of NEITI audit report
The Economic and Financial Crimes Commission (EFCC) has recovered more than N115 billion in outstanding statutory levies owed the Niger Delta Development Commission (NDDC) by oil companies, following investigations into queries contained in the Nigeria Extractive Industries Transparency Initiative (NEITI) 2021–2023 Oil and Gas Sector Audit Report.
The recovery, covering the period between 2021 and 2023, comprises N76.883 billion and $81.076 million in outstanding 3 percent statutory levies due to the NDDC, the EFCC told the Senate Committee on Public Accounts on Wednesday.
The disclosure was made by the EFCC representative, Francis Oka-Phillips Usani, when he appeared before the Senator Ibrahim Hassan Dankwambo-led committee as part of the Senate’s ongoing investigation into the findings contained in the NEITI audit report.
Usani said the commission investigated 43 oil companies, with 24 companies operating within the Niger Delta found to have outstanding liabilities to the NDDC, while the remaining 19 companies were cleared of the queries.
