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Tag Archives: $62b unpaid revenue

Matters Arising on Oil Companies’ plot to deprive Nigeria of $62b Revenue

Matters Arising on Oil Companies’ plot to deprive Nigeria of $62b Revenue

The accumulation of over $62b in unpaid arrears of revenue due to the Federation plus interest under the deep offshore production sharing contracts and the subsequent steps taken to recover the amount from the oil producing companies have sparked national interest and media debate. What appears apparent from the imbroglio was the fact that such Nigerian revenue, assets and resources ... Read More »