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Reps panel summons Total, others over $85bn tax

The committee said almost all the oil companies in Nigeria collected capital allowance and investment tax claims without Certificate of Acceptance of Fixed Assets, which constituted breach of the extant laws.

Understanding FMoT, NPA, INTELS Brouhaha

Eromosele Abiodun writes on what transpired between NPA, INTELS, LADOL, the Minister of Transportation, Rotimi Amaechi and the need for president Muhammadu Buhari to urgently intervene before the maritime sector is further imperiled Twenty-two days ago, Nigerians woke up to the news that the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman has been suspended from office for an allegation that the NPA under her watch failed to remit operating surplus to the Consolidated Revenue Fund (CRF). The NPA’s Executive Director, Finance and Administration, Mohamed Koko, a key member of the NPA management alleged to have withheld operating surpluses was appointed to replace his boss, an appointment regarded by pundits as a curious elevation for a major figure in the administration to be investigated.

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