Skip to content
July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Five Oil Companies Have Not Remitted Over $1bn To Government- Presidential Panel
  • National News

Five Oil Companies Have Not Remitted Over $1bn To Government- Presidential Panel

Admin December 18, 2018

 

 

Okoi Obono-Obla, Chairman, SPIPRPP

 

Mr Okoi Obono-Obla, Chairman, Special Presidential Investigation Panel for the Recovery of Public Property has revealed that oil companies are denying the country oil taxes and royalties that will help government develop infrastructure.

He said this at a press briefing in Abuja, on Monday.

According to him, “We are investigating some of these companies for tax evasion, failure to pay royalties. Five oil companies have not remitted over 1 billion dollars to government. We will get to the root of the matter,” he said.

While reeling out other achievements of the panel in 2018, Obono-Obla said that with the Executive Order 6, which had to do with travel ban, the panel had compiled the names of about 39 public officers who were under investigation.

“We have compiled their names and submitted to the Comptroller-General of Nigeria Immigration Service so that they would be placed on travel ban,” he said.

On the Panama Papers, he said the Panel was in partnership with the Nigerian Intelligence Agency (NIA) investigating Nigerians allegedly implicated in the Paradise Panama Papers.

“Findings will be made available to Nigerians in due course.

“The Panel is investigating the Tumsah brothers – Tijani Tumsah, Vice Chairman, Presidential Initiative on North East and Ibrahim Tumsah Director, Finance and Accounts, Federal Ministry of Power, Works and Housing, for alleged abuse of office and corruption.

“The Panel has recovered an assortment of 86 brand new luxury and sophisticated cars from the duo; 23 of these vehicles are bullet-proof without the requisite permits.

“We have since obtained an interim order of forfeiture from FCT High Court in Abuja in respect of these properties,” he said

The chairman expressed gratitude to President Muhammadu Buhari, for courageously leading the fight against corruption.

“We are also grateful to the President for his complete support and demonstrable resolve not to interfere with our operations in anyway,” he said.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Muhammadu Buhari NIA Okoi Obono-Obla Tijani Tumsah Tumsah brothers

Post navigation

Previous Access, Diamond Bank Merger: A Step in The Right Direction And in The Best Interest of Stakeholders- Banks’ CEO
Next Nigeria’s VAS Market Now Valued at N79bn – NCC

Related Stories

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.