National Wire About Nigerians, Nigerian Business and Other Stories
New Study Shows Nigeria Trade Misinvoicing Leads to Significant Revenue Losses
…Misinvoicing Of Imports And Exports Is 15 Percent Of All Trade Transactions Analysis of trade misinvoicing in Nigeria in 2014 shows that the potential loss of revenue to the government was approximately $2.2 billion for the year, according to a new study by Global Financial Integrity. To put this figure in context, this amount represents four percent of total annual …
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