Former chairman of the Economic and Financial Crimes Commission Mallam Nuhu Ribadu has been nominated to chair the Petroleum Revenue Special Task Force to determine and verify all petroleum upstream and downstream revenues due and payable to the Federal Government of Nigeria.
Other members of the task force are: Mr. Steve Oronsaye (Dep. Chairman), Mallam Abba Kyari, Ms. Benedicta Molokwu, Mr. Supo Sasore (SAN), Mr. Tony Idigbe (SAN), Mr. Anthony George-Ikoli (SAN), Dr. (Mrs.) Omolara Akanji, Mr. Olisa Agbakoba (SAN) Mr. Ituah Ighodalo, and Mr. Bon Otti.
The rest are: Prof. Olusegun Okunnu, Mallam Samaila Zubairu, Mr. Ignatius Adegunle, Mr. Gerald Ilukwe, and representatives of the Federal Inland Revenue Service and Federal Ministry of Finance.
The committee, according to a statement from the Ministry of Petroleum, is "To work with consultants and experts to determine and verify all petroleum upstream and downstream revenues (taxes, royalties, etc.) due and payable to the Federal Government of Nigeria;
"To take all necessary steps to collect all debts due and owing; to obtain agreements and enforce payment terms by all oil industry operators;
"To design a cross debt matrix between all Agencies and Parastatals of the Federal Ministry of Petroleum Resources;
"To develop an automated platform to enable effective tracking, monitoring, and online validation of income and debt drivers of all Parastatals and Agencies in the Federal Ministry of Petroleum Resources;
"To work with world-class consultants to integrate systems and technology across the production chain to determine and monitor crude oil production and exports, ensuring at all times, the integrity of payments to the Federal Government of Nigeria; and,
"To submit monthly reports for ministerial review and further action."
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