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77 Oil And Gas companies Owe FG N2.7 Trillion

About 77 oil and gas companies in Nigeria are indebted to the Federal Government to the tune of N2.659 trillion, the Nigeria Extractive Industries Transparency Initiative (NEITI), has said. The debt arises from failure to remit petroleum profit tax, company income tax, education tax, value added tax, withholding tax, royalty and concession

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