Thursday 21 April 2016

NIGERIA LOSES N7.1TN OIL REVENUE TO ILLEGAL WITHDRAWALS, OTHERS


NIGERIA LOSES N7.1TN OIL REVENUE TO ILLEGAL WITHDRAWALS, OTHERS Poor record keeping, illicit payments and withdrawals, absence of coordination by government agencies, outdated laws, among others, have resulted in oil revenue loss of N7.1tn by Nigeria.

A report put together by the Nigerian Natural Resource Charter and the Natural Resource Governance Institute, which was released in Abuja on Wednesday, stated that this was a summary of findings from previous oil sector reports and documents by various committees of government.

Read more @ Punch Online

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