Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday, indicted oil and gas companies operating in Nigeria of defrauding the country to the tune of $19.1 billion, about N3.82 trillion, over the last couple of months, calling on President Muhammadu Buhari to ensure the recovery of the money from the companies.
NEITI, in a statement in Abuja, disclosed that the amount represents clear cases of underpayments, under-assessments of taxes, royalties, rents, among others, revealed in its several independent audit reports which have not been adequately addressed in the past.
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