Wednesday, July 9, 2025

Reps committee quizzes AGIP Oil over tax evasion

The House of Representatives ad hoc committee on Joint Venture (JV) on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion.

• December 1, 2022
AGIP
AGIP OIL

The House of Representatives ad hoc committee on Joint Venture (JV) on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion.

Abubakar Fulata, the chairman of the ad hoc committee investigating the structure and accountability of JV business and production sharing contracts of the NNPC, said it was not out to witch-hunt anybody.

He added that it would be unfair for oil companies to evade taxes when the country was borrowing to fund the budget.

Mr Fulata said almost all the oil companies in the country had no Certificate of Acceptance of Fixed Assets (CAFA), yet they had been enjoying capital allowance claims violating the nation’s law.

The committee asked the representative of Agip if, in the course of operations, they had not short-changed the nation by way of profit tax and capital allowance.

The representatives of Agip, led by its general manager (public affairs) Barry Nwibani, said over the years, they relied only on Petroleum Tax Act for payment of taxes.

(NAN) 

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Malnutrition

Health

Malnutrition: Red Cross urges northern govs to declare state of emergency in health sector

Aminu Abdullahi, the acting director of healthcare at NRCS, stated that malnutrition remained one of the most underreported health issues in the country.

Nigerian Senate

Education

Bill to establish varsity of science in Gombe scales second reading

Deputy Senate President Jibrin Barau commended the sponsor of the bill on his passion for the educational development of Gombe State and the North-East in general.

African Democratic Party (ADC)

Politics

2027: Opposition coalition in Gombe adopts ADC

Idris Umar, a former Minister of Transportation, said the coalition aimed to rescue Gombe from hardship.

Dangote Refinery

Economy

Dangote Refinery reduces ex-depot price of fuel to N820 per litre

It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre.

Nigerian International Passport

NationWide

FG launches passport front office for senior public officials

Mr Tunji-Ojo said the office has a specialised facility designated to facilitate a timely and seamless passport process.

Ahmad Salisu

Kano

EFCC quizzes man over undeclared $420,900, £5,825, CFA3.95 million cash

Mr Oyewale said the suspects would be charged to court as soon as the investigation was concluded.