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flag Nigeria recovers over $4.85 billion from oil firms, aiming to boost transparency in the sector.

flag Nigeria's government has recovered significant funds from oil companies, with the House of Representatives Public Accounts Committee recovering an additional $14.2 million from four firms, bringing the total to $33.44 million. flag The Nigeria Extractive Industries Transparency Initiative (NEITI) has also recovered $4.85 billion out of $8.26 billion owed by oil companies, though $6.175 billion in liabilities remain, which could cover 72% of Nigeria's 2025 budget deficit. flag NEITI and the committee aim to enhance transparency and accountability in the oil sector.

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