EFCC Recovers Over $4 Million in Unremitted Oil Revenue for Nigeria
Nigeria's Economic and Financial Crimes Commission has recovered $3 million and N1.3 billion from two domestic oil operators over unremitted statutory dues. The funds, clawed back from Aiteo and Newcross for liabilities spanning 2010 to 2019, have been formally transferred to state fiscal authorities. The operation underscores tightening state oversight on extractive revenues across the Niger Delta.
The Economic and Financial Crimes Commission, EFCC, has handed over $3 million and over N1.3 billion recovered from two oil companies to the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC. The funds were recovered from Aiteo Exploration and Production Limited and Ne
This story was sourced from AIT Live and rewritten in SEVA editorial voice. Read the full original at the source.