The Nigerian National Petroleum Corporation (NNPC) has canvassed the setting up of a tax committee between the Corporation and the Federal Inland Revenue Service (FIRS).
The move to shore up government revenue was disclosed by the Group Managing Director of NNPC, Mr. Maikanti Baru, when he paid a courtesy call on the Chairman of FIRS, Mr. Tunde Fowler, in Abuja.
Baru said the essence of the committee was to update the Corporation’s tax obligation up to 2015, assuring that all its joint venture partners would align themselves in order to ensure that the right taxes are paid.
He equally expressed the readiness of NNPC to continue to collaborate with FIRS, the Central Bank of Nigeria (CBN) and other government agencies to generate revenue for the Federal Government.
On its part, FIRS commended NNPC for subjecting itself to tax audit as a good responsible corporate citizen.
Fowler thanked the NNPC for the cooperation it has extended to FIRS on tax matters over the years, stressing that the two organisations are children of the same father committed to generating revenue for the Federal Government.
SPE: Shell bags Best Exhibitor Award
Shell Companies in Nigeria (SCIN) have emerged Best Exhibitor at the 2016 Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) held in Lagos recently.
The trophy for the top prize was handed out at an award night to round off the conference, during which a Petrophysicist with Shell’s deep water subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo), Mr. Itua Osazua, also clinched the prize for Best Technical Paper. Osazua’s presentation was on how to identify, characterise and optimise production in less developed oil-bearing sands in deep water.
In addition, Shell Companies received three Sponsorship awards, while eight staff got Service awards. The awards demonstrate a strong Shell participation at the 2016 SPE conference where 32 technical papers were delivered by Shell staff, constituting 35 per cent of all such presentations.
“Our participation is a reinforcement of the thought leadership position of Shell Companies in Nigeria and proves the commitment of our staff to self-development, professional affiliation and the overall growth of the oil and gas industry,” said Mr. Osagie Okunbor, Managing Director of the Shell Petroleum Development Company and Country Chair, Shell Companies in Nigeria, while reacting to the outcome of the awards night.
Okunbor, who was represented at the awards night by the General Manager, Development (Onshore), Mr. Goke Akinrinmade, described Shell’s participation as part of the companies’ support for the growth of the industry and indigenous capacity development.