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Oil Firms Fleecing Nigeria On Taxes, Royalties -NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Sunday accused oil and gas companies of fleecing Nigeria of taxes, royalties and other accruable revenues following government’s failure to review the Production Sharing Contracts (PSC) agreements with them. NEITI, in a statement in Abuja, disclosed that in the early years after the signing of the PSCs, […]