The report also said the chairman of the Federal Inland Revenue Service (FIRS), Mamman Nami, should be arrested and prosecuted for aiding tax evasion by oil companies.
In the report obtained by the News Agency of Nigeria (NAN), the investigation by the House of Representatives committee began from 1991 till date with tax evasion running into trillions of naira. The report is expected to be laid before the lawmakers this week.
The ad hoc committee investigation, chaired by Rep. Abubakar Fulata, revealed that the JVs and PSCs of NNPC sold Nigerian oil at the lowest cost to their own subsidiaries in a tax haven.
