Paris Trust, the firm responsible for the collection of the unremitted statutory dues on behalf of Niger Delta Development Commission has said that the NNPC and 49 other oil firms are owing the NDDC an accumulated remittance of ₦1.2 trillion in the form of unpaid dues. According to Paris Trust, all the oil firms have been served letters to that effect since 26 July 2019. The NDDC through its principal partner, Timothy Bagwams, said that majority of the firms have failed to remit the statutory three percent of their annual budgets to the Commission since 2015, and this is largely affecting development in the region. The developmental activities of the Commission are funded by monies paid by the government and oil firms in the region, Bagwams said, adding that the failure by these firms to pay up dues means the Commission can only achieve little in addressing the developmental needs of the Niger Delta region. Since 2015, the FG has not been remitting its statutory 15% of the total monthly statutory allocations due to member states of the commission from the federation account and the 50 percent of monies due to member states of the commission from the Ecological Fund. The percentage represents the contribution of the FG to the Commission, according to the provisions of Section 14(2) (a) and (c) of the Niger Delta Development Commission (Establishment, ETC) Act, 2014. Some of the indebted firms listed by NDDC include the NNPC, NLNG, Shell and Agip. Others are Pan Ocean, PetroBas, Seplat, Moni Pulo Petroleum Development, South Atlantic Petroleum and Zenon, Schlumberger and First Exploration, Dubri Oil, among others. Meanwhile, the NNPC has confirmed the non-remittance of dues, which the NNPC’s spokesman, Ndu Ughamadu, said the state oil firm had started repaying.
The Federal Inland Revenue Service has asked all companies to remit value-added tax and withholding tax by the 21st day of every month. A notice signed by FIRS Chairman, Babatunde Fowler, noted that some companies had been found not to deduct these taxes from the compensation paid to their distributors, contrary to the provisions of the Companies Income Tax Act. Following the discovery, the agency said it had put all companies, particularly those in the fast-moving consumer goods sector on notice that compensation due to their distributors and customers in the form of commission and rebate, and by whatever means of payments, whether by cash, credit note or even goods-in-trade must be subjected to VAT/ WHT at the appropriate rate as applicable. In April, the agency had proposed to generate ₦4.3 trillion from petroleum profit tax, and ₦1.7 trillion through the Value Added Tax to finance the 2019 budget.
Nigeria lost about 79,000 barrels of oil as host communities to Jones Creek, Odidi and Batan flow stations shut down the station operated by NPDC/ Neconde, OML42 JV, Thursday morning. Women from the communities mobilised to the flow station in protest, requesting for the provision of hospitals, employment for the members of the communities, payment of entitlements owed the various communities including community production incentive, community workers salaries among others. The protesters insisted that until their demands were met, they would continue to occupy the flow station. All the communities, which are in Warri South-West LGA of Delta state include Kokodiagbene, Okenrokoko, Omadino, Ekpemu and Akpatagbegbe. Others are Odidi, Kantu, Batan, Gbokodo Itsekiri and Ajuju communities. In June, an Ijaw activist and youth leader of Gbaramatu Kingdom, Timi Oluba, had urged President Buhari not to approve the renewal of OML42 to Neconde Energy due to the alleged neglect of the host communities. According to Oluba, there is no valid Global Memorandum of Understanding, between Neconde and the host communities, noting that no reasonable oil firm operates without a GMoU with its host communities.
The spokesperson of the APC in Lagos, and commissioner designate, Joe Igbokwe, says that motorcycle-hailing services are not sustainable in a densely populated state like Lagos. Igbokwe made this comment on Facebook on Wednesday. Noting that Lagos, Nigeria’s second most populated state and its commercial capital, has about 12 million residents living in 3,577 square kilometres, Igbokwe advised that funds for the bike-hailing services should have been invested in the Bus Rapid Transit operated by the Lagos State government. Saying that the $5.3 million invested in ‘okada’ business is a waste of resources, Igbokwe added that and no one expected the Lagos state government to allow anyone jeopardise its multi-billion (sic) naira mass transit investments. Igbokwe’s comment came on the same day that Gokada CEO and Co-founder, Fahim Saleh, announced a partial shut down of operations to restrategise after ‘operational’ hurdles during a ride, and a month after the state government proposed new regulation, including licensing fees, required for bike-hailing services to operate as part of local transportation infrastructure.