FG Charges Saipem, Directors Over Alleged N66.4bn, $938,080 Tax Fraud

The federal government has initiated a six-count criminal charge against Saipem Contracting Nigeria Limited, alongside two of its senior directors, in connection with an alleged tax fraud scheme involving N66.4 billion and $938,080. The charges were filed in the Federal High Court in Lagos, presided over by Justice Daniel Osiagor, under case number FHC/L/118c/2026. The government is pursuing legal action to address the alleged financial misconduct attributed to the company and its executives.

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