Nigeria Takes Urgent Step To Avert Oil Vessel Withdrawal Over Tax Charges 

Nigeria’s Federal Government on Monday moved swiftly to stop foreign oil vessel owners from leaving Nigeria and withdrawing their services over reported excessive tax back charges.

The multiple shipping businesses had prior to now received demands from Federal Inland Revenue Service (FIRS), covering the period from 2010 to 2019 and range in amount from $400,000 to $1.1 million per vessel, aggregating it to reach tens of millions of dollars.