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.