EFCC announced that it had recovered a total of $3 million and ₦1.3 billion in unremitted statutory payments from two companies, and the funds have been handed over to the Revenue Mobilisation and Accumulation of Funds Commission (RMAFC).
According to a statement from the Economic and Financial Crimes Commission, the recovered money was part of the liabilities that had been established against the two firms for failing to remit statutory payments to the federal government.
“The funds were part of liabilities established against the two companies for unremitted statutory payments to the federation,” the EFCC said.
EFCC, Nigeria’s anti‑corruption agency, is responsible for investigating financial crimes and ensuring compliance with statutory obligations. RMAFC, the body that collects and manages revenue for the federal government, will now receive the recovered amounts to strengthen its revenue mobilisation efforts.
<small>Source: AllAfrica Nigeria — read the original story there.</small>
