EFCC recovers $3m, N1.3bn from two oil firms over unremitted revenues
Why This Matters
Key context: <img width="1400" height="1400" src="https://dailypost.ng/wp-content/uploads/2025/06/EFCC.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="" decoding="async" srcset="https://dailypost.ng/wp-content/uploads/2025/06/EFCC.jpg 1400w, https://dailypost.ng/wp-content/uploads/2025/06/EFCC-80x80.jpg 80w, https://dailypost.ng/wp-content/uploads/2025/06/EFCC-150x150.jpg 150w, https://dailypost.ng/wp-content/uploads/2025/06/EFCC-300x300.jpg 300w, https://dailypost.ng/wp-content/uploads/2025/06/EFCC-1024x1024.jpg 1024w" sizes="(max-width: 1400px) 100vw, 1400px" /><p>The Economic and Financial Crimes Commission, EFCC, has recovered $3 million and N1.303 billion from two oil companies over alleged failure to remit statutory revenues due to the Federation. The recovered funds, obtained from Aiteo Exploration and Production Limited and Newcross Exploration and Production Limited, were formally transferred to the Revenue Mobilisation Allocation and Fiscal […]</p> <p><a href="https://dailypost.ng/2026/11/10/efcc-recovers-3m-n1-3bn-from-two-oil-firms-over-unremitted-revenues/">EFCC recovers $3m, N1.3bn from two oil firms over unremitted revenues</a></p> This development from dailypost.ng highlights ongoing changes in the sector.
The Economic and Financial Crimes Commission, EFCC, has recovered $3 million and N1.303 billion from two oil companies over alleged failure to remit statutory revenues due to the Federation. The recovered funds, obtained from Aiteo Exploration and Production Limited and Newcross Exploration and Production Limited, were formally transferred to the Revenue Mobilisation Allocation and Fiscal […] EFCC recovers $3m, N1.3bn from two oil firms over unremitted revenues
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