The Economic and Financial Crimes Commission, EFCC, on Wednesday revealed that it has recovered over N115 billion in statutory levies owed to the Niger Delta Development Commission, NDDC, by defaulting oil companies between 2021 and 2023.
The amount, presented to the Senate Committee on Public Accounts, is made up of N76.883 billion and $81.076 million.
EFCC representative, Mr. Francis Oka-Phillips Usani, disclosed this during the committee’s probe of the Nigeria Extractive Industries Transparency Initiative, NEITI, 2021–2023 Oil and Gas Sector Audit findings.
Usani said 43 oil companies were investigated, out of which 24 operating within the Niger Delta were found to have outstanding liabilities.
“At the commencement of investigation, EFCC invited 43 oil companies out of which 24 operating within the Niger Delta, were found to have outstanding liabilities in the sums of N76,883,705,907.17 and $81,076,655.00 while the remaining 19 oil companies were given a clean bill of health,” he
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