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Tag: PSC Act

  • Senate probes loss of $21bn to non-review of PSC Act

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    by

    Olaotan Falade
    in

    The Senate has directed its relevant committees to probe the loss of $21bIllion accruable to the Federal Government as a result of failure to amend the Production Sharing Contract (PSC) Act. This resolution followed a motion entitled: “Urgent need to review and recover additional revenue accruable to the government of the Federation from the Production…