/ Sep 30, 2026
/ Sep 30, 2026

EFCC recovers ₦115bn NDDC debt from 24 oil firms

Published on

By

The Economic and Financial Crimes Commission (EFCC) has recovered more than ₦115 billion in statutory levies owed to the Niger Delta Development Commission (NDDC) by oil companies between 2021 and 2023.

 

The figure comprises ₦76.883 billion and $81.076 million, according to EFCC representative Francis Oka-Phillips Usani, who disclosed the recovery before the Senate Committee on Public Accounts on Wednesday.

Usani spoke during the committee’s investigation into the 2021–2023 Oil and Gas Sector Audit Report by the Nigeria Extractive Industries Transparency Initiative (NEITI).

He said the EFCC invited 43 oil companies as part of its investigation into outstanding three per cent statutory levies payable to the NDDC. Of those companies, 24 operating in the Niger Delta were found to have outstanding liabilities, while 19 were cleared.

According to the EFCC representative, some companies subsequently paid their outstanding obligations directly to the NDDC following the investigation and pressure from the commission.

The direct payments amounted to ₦6.709 billion and $16.994 million.

Of the funds recovered by the EFCC on behalf of the NDDC, ₦73.373 billion and $67.070 million have been released to the commission, while ₦3.510 billion and $14.005 million remain in the EFCC’s recovery account.

Usani added that the commission was also examining other possible outstanding statutory obligations and taxes owed to the Federal Government.

Meanwhile, the Senate Committee on Public Accounts rejected an attempt by TotalEnergies EP Nigeria Limited to respond to queries raised against the company in the audit report, citing inadequate representation.

The committee directed the company’s Managing Director to appear in person at a date to be fixed next week.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Eid-el-Kabir: FG Declares May 27 and 28 public holidays

FG declares October 1 public holiday for Nigeria’s 66th anniversary

The Federal Government has declared Thursday, October 1, 2026, a public holiday to commemorate Nigeria’s 66th Independence Anniversary.   The Minister of Interior, Olubunmi Tunji-Ojo, announced the declaration on Wednesday on behalf of the Federal Government in a statement signed by the ministry’s Permanent Secretary, Magdalene Ajani. The minister congratulated Nigerians at home and abroad, urging citizens to use the occasion to promote unity, patriotism, peaceful coexistence and mutual respect. Tunji-Ojo also called on Nigerians to emulate the country’s founding fathers by demonstrating love for Nigeria and contributing to the development of a nation that future generations can be proud of. “As we celebrate 66 years of our independence, we should always remember that there is hope for our country and our diversity is our strength,” the minister said. He added that collective determination remained the foundation for building a stronger and more prosperous Nigeria. The 2026 Independence Anniversary is being celebrated under the theme, “From Reforms to Stability: Consolidating Nigeria’s Renewed Hope for Shared Prosperity.” According to the Federal Government, the theme reflects its focus on consolidating ongoing reforms and translating their gains into greater opportunities and improved living conditions for Nigerians. The government also reaffirmed its commitment to strengthening national security, improving public safety and creating an environment where citizens can live and work with confidence. Tinubu to Address Nigerians President Bola Tinubu is expected to deliver a nationwide broadcast on Thursday as part of activities marking the 66th Independence Anniversary. The President returned to Lagos on Tuesday after concluding his working vacation in Europe and is expected to spend the Independence celebrations in the state. He is also expected to attend the premiere of a documentary on the late businessman and politician, Moshood Kashimawo Olawale Abiola, at the Wole Soyinka National Theatre in Lagos. According to the Presidency, Tinubu is further expected to hold political meetings in Lagos as preparations for the 2027 general elections continue. Nigeria at 66 Nigeria gained independence from British colonial rule on October 1, 1960, with Sir Abubakar Tafawa Balewa becoming the country’s first Prime Minister. The country became a republic in 1963, with Nnamdi Azikiwe serving as its first President. Nigeria later experienced periods of military rule and the Civil War before returning to constitutional democracy in 1999. The 2026 anniversary marks 66 years since independence and 27 years of uninterrupted constitutional democracy.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.