The EFCC says it recovers $3 million and about N1.303 billion from two oil companies, Aiteo Exploration and Production Limited and Newcross Exploration and Production Limited, over alleged failure to remit statutory revenues owed to the Federation. The commission says the recovered funds are transferred to Nigeria’s revenue allocation body, the RMAFC.
Premium Times Nigeria, Daily Post Nigeria, and The Punch report the same core event: EFCC recovery amounts, the companies involved, the allegation of unremitted statutory payments, and the handing over of funds to the RMAFC. Premium Times adds that the money is tied to “liabilities established against the two companies” for unremitted statutory payments.
While the outlets largely align on the amounts and the basic sequence—recovery, then transfer to RMAFC—the emphasis differs slightly. Daily Post Nigeria foregrounds the recovery figures as the headline story, while Premium Times and The Punch also highlight the formal transfer and the stated basis for the recovery.
