In the next few days, the International Oil Companies (IOCs) and their local counterparts are facing prosecution for not remitting their ....
In the next few days, the International Oil Companies and their local counterparts are facing prosecution for not remitting their Nigerian Content Fund to the Nigerian Content Development and Monitoring Board , the Board’s Executive Secretary, Mr Simbi Wabote, has said.
He said it is worrisome that some oil and gas firms have consistently defaulted in the remittance of the one per cent deduction, warning that such companies should be ready to face the full wrath of the law. Wabote said: ‘‘You cannot believe it that some companies including International Oil Companies , indigenous firms and contractors and operators are not paying these funds. We are getting close to where we will hand them over to the relevant prosecuting agencies.’’
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NCDMB disburses $160 million in two years, reads riot act to IoCs | The Guardian Nigeria News - Nigeria and World NewsHe noted that some of the oil firms were deliberately frustrating activities of the board and dragging the country back in terms of local content development. Nigeria
Read more »
Diezani: Court fixes ruling date for EFCC case against Shekarau, others - Daily Post NigeriaJustice Lewis Allagoa of the Federal High Court, sitting in Kano, the Kano State capital, on Tuesday, adjourned the case involving the former governor of t
Read more »
EFCC Arrests 3 Suspected Internet Fraudsters, Arraigns 5 OthersThe Economic and Financial Crimes Commission, EFCC, Ibadan zonal office on Wednesday arrested three suspected internet fraudsters at Ire-Akari area of Ibadan, Oyo State. The Commission also arraigned five others before Justices Patricia Ajoku and Joyce Abdulmalik of the Federal High Court, Ibadan. The three arrested suspects were Saheed Owoseni, Busayo Otubu and Felix Goddey. […]
Read more »
Fraud allegation: PDP demands prosecution of Lai Mohammed, Usman Yusuf – The Nation Newspaper
Read more »
Alleged fraud: PDP seeks prosecution of Lai Mohammed, Usman YusufTHE Peoples Democratic Party (PDP) on Tuesday demanded the immediate prosecution of former Minister of Information and Culture, Alhaji Lai Mohammed
Read more »
Senate to ensure prosecution of airport drug cartels - The Nation NewspaperThe Senate yesterday resolved to seek immediate prosecution of the cartels responsible for planting illicit drugs in the luggage of travellers at airports.
Read more »