Abuja - The Nigeria Extractive Industries Transparency Initiative has called on President Muhammadu Buhari to recover over $7.5bn from oil and gas companies operating in the country, Punch reports.
The agency on Tuesday that the amount represented clear cases of underpayment and under-assessment of taxes, royalties and rents revealed by NEITI in its independent audit reports on the industry, which had not been adequately addressed.
Also read: NEITI threatens to expose oil block owners
The Executive Secretary of NEITI, Zainab Ahmed, made the call in Abuja at an oil and gas conference to articulate an agenda for the new administration in support of the proposed industry reforms.
She explained that at a time when the new administration was in dire need of funds to tackle complex problems facing the nation, recovery of the amount should be pursued vigorously.
Read more at Punch
- News 24