Nigeria's state oil company failed to hand over nearly $25bn
(£17.5bn) it owed to the government in the five years from January 2011
to the end of 2015, a statutory revenue monitoring organisation says.
The announcement by the Revenue Mobilization Allocation and Fiscal Commission comes a week after Nigeria's auditor general said $16bn went missing in 2014 alone.
That figure was disputed by the Nigerian National Petroleum Corporation.
The NNPC is obliged by law to hand over its revenue to the government, and the oil money makes up a significant chunk of government income.
The government is currently grappling with a growing budget deficit, partly triggered by the recent decline in the price of oil...
The announcement by the Revenue Mobilization Allocation and Fiscal Commission comes a week after Nigeria's auditor general said $16bn went missing in 2014 alone.
That figure was disputed by the Nigerian National Petroleum Corporation.
The NNPC is obliged by law to hand over its revenue to the government, and the oil money makes up a significant chunk of government income.
The government is currently grappling with a growing budget deficit, partly triggered by the recent decline in the price of oil...
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