Politics

We Disown UK Private Account for Remittance of 3% levy by Oil Companies

BY IBRAHIM BAKARE

It has come to the attention of the Niger Delta Development Commission, NDDC, that a security agency, working with unauthorised private individuals, is coercing international oil companies to pay the three percent levy due to the Commission to a private account in the United Kingdom.

This is an alarming development and a clear case of illegality by elements within that security agency. We wish to state that the law setting up NDDC does not provide for the collection of its revenue by any agency other than the Commission. Secondly, extant rules, particularly the Treasury Single Account (TSA) regime, mean that all revenue due to any agency of government can only be paid to that agency’s account in the Central Bank of Nigeria.

The Niger Delta Development Commission wishes to alert the general public and all stakeholders that it has not authorized any security agency to collect remittances on its behalf. Such payments and or remittances shall never count as statutory payments to the NDDC.

Accordingly, any oil company, invited on such purposes should insist on payment of any such sum to the NDDC account with the Central Bank of Nigeria but not to any other agency’s account.

Any security agency wishing to recover unremitted funds from the IOCs or oil companies operating in the Niger Delta region should do so in collaboration with the management of the NDDC and such refunds should be directed into the accounts of the NDDC with the Central Bank of Nigeria, but not otherwise

Any oil company coerced to make such payments should report same immediately to Mr Clever Okoro, Director, Legal Services, of the Commission on +234 813 011 7590.

0 0 votes
Article Rating
towncrierng

Recent Posts

Morka fires back: “Peter Obi’s threat claims are malicious lies”

  Felix Morka, the National Publicity Secretary of the All Progressives Congress (APC), has refuted…

2 days ago

GOV. FUBARA AND THE WOMAN BEHIND THE VEIL (1)

  By Caleb fubara It was on October 30, 2023 that Rivers people trooped out…

3 days ago

Politicians supporting Fubara for personal political ambitions – Magnus Abe

  Former Senator representing Rivers South-East, Magnus Abe, has accused politicians supporting Governor Siminalayi Fubara…

6 days ago

Oshiomhole lauds PDP for giving Wike to Tinubu’s govt

  Senator Adams Oshiomhole has praised the Federal Capital Territory Minister, Nyesom Wike, for his…

6 days ago

Rivers Former CP Redeploy, Promoted

  ...List Achievements Former Rivers State, Commissioner of Police, now Assistant Inspector General, AIG Mustapha…

6 days ago

President Tinubu Told Me He Has Asked BAO To Prepare For Second Term – Ayo Fayose

  Former Ekiti State Governor Ayodele Fayose, has said President Bola Ahmed Tinubu has given…

6 days ago