EFCC recovers $3 million, N1.3 billion unpaid oil fees from Aiteo, Newcross

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Nigeria's EFCC recovered $3 million and ₦1.303 billion in unpaid statutory oil-related fees from Aiteo Exploration and Production and Newcross Exploration & Production. The funds were recovered for the Revenue Mobilisation Allocation and Fiscal Commission and are due to the Federation.

The Economic and Financial Crimes Commission (EFCC) has recovered $3 million and N1.303 billion for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) from Aiteo Exploration and Production Limited and Newcross Exploration & Production Limited over unremitted statutory payments to the Federation. The post EFCC recovers $3 million, N1.3 billion unpaid oil fees from Aiteo, Newcross appeared first on Nairametrics.

Politics Markets Commodities Energy Nigeria EFCC oil fees revenue recovery Aiteo Newcross statutory payments

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