NEITI Recovers $2b Education Tax

The Nigeria Extractive Industries and Transparency Initiative (NEITI) has disclosed that it recovered only $2 billion from the $9.8 billion uncovered by its audit reports.

In a statement, Orji Ogbonaya Orji, Director of Communications at NEITI, said that out of $9.8 billion uncovered by its audit reports as the difference between what was paid and what government received, only $2 billion has been recovered through NEITI efforts, leaving a balance of $7.8 in the hands of companies.