The report of the House of Representatives ad hoc Committee investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contract (PSC)of NNPC has indicted several oil companies for alleged tax evasion.
The report also said the Chairman of the Federal Inland Revenue Service (FIRS), Mr Mamman Nami should be arrested and prosecuted for aiding tax evasion by oil companies.
The ad hoc committee investigation, chaired by Rep. Abubakar Fulata revealed that the Joint Venture and Production Sharing Contract of NNPC sold Nigerian oil at lowest cost to their own subsidiaries in a ”tax haven.
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