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Home Companies Company News

Tax Evasion: Court Orders ExxonMobil To Pay $83Million Education Tax To FIRS

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 24, 2013
in Company News
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The activities of international oil firms operating in the oil sector and milking the economy came to the fore as the Tax Appeal Tribunal, Lagos Zone, on Friday ordered Mobil Producing Nigeria Unlimited to pay $83.4 million (N13 billion) education tax to the Federal Inland Revenue Service (FIRS), the News Agency of Nigeria ( NAN) reported.

Mobil Producing Nigeria Unlimited, an ExxonMobil subsidiary operates an oil export terminal off Akwa Ibom coastline connected by a pipeline network to its two oil blocks in a Joint Venture with NNPC.

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Tax Evasion: Court Orders ExxonMobil To Pay $83m To FIRS

 
Tags: firsNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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