EFCC recovers over N115bn in oil levies owed to NDDC

The Economic and Financial Crimes Commission has recovered over N115 billion and $67 million in statutory oil levies owed to the Niger Delta Development Commission, according to The Nation.

EFCC representative Francis Oka-Phillips Usani told the Senate Public Accounts Committee that 24 of 43 investigated oil companies had outstanding three per cent NDDC levies totaling N76.8 billion and $81 million.

While N73.3 billion and $67 million have been released to NDDC, N3.5 billion and $14 million remain in EFCC’s recovery account. The committee also summoned TotalEnergies’ managing director to appear in person next week.