Monday 7 September 2015

NNPC TO RECOVER N1.4TN FROM JV PARTNERS


Group Managing Director, NNPC, Dr. Ibe KachikwuThe Nigerian National Petroleum Cooperation has commenced the process of recovering over $7bn (N1.4tn) in over-deducted tax benefits from joint venture partners on major capital projects.
 
It was learnt on Sunday that the corporation had also engaged an international accounting firm to ascertain the exact amount due to government on the Strategic Alliance Contracts entered by Nigerian Petroleum Development Company, where up to $2.46bn (N484.6bn) of government money would be recovered.
 
Read more @ Punch Online

No comments:

Post a Comment