Nigeria, Nov. 11 -- The Economic and Financial Crimes Commission (EFCC) has handed over $3 million and N1.3 billion in unremitted federal government revenues recovered from two companies to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

The EFCC said in a statement Tuesday that it recovered the sums from Aiteo Exploration and Production Limited and Newcross Exploration & Production Limited.

It said the funds were part of "liabilities established against the two companies for unremitted statutory payments to the federation."

The acting Zonal Director of the EFCC's Lagos Zonal Directorate 2, Bawa Kaltungo, handed the money to the RMAFC on Monday, according to the statement from the nati-graft agency on Tuesday.

EFCC ...