Nigeria’s revenue agency said Trafigura Beheer BV owes back taxes for handling 12.5 million metric tons of crude through crude swap contracts with the government between between 2011 and 2014. The Dutch-based oil trader didn’t make tax declarations in Nigeria for the volumes, according to a presentation by the Federal Inland Revenue Service in Abuja on Wednesday to a House committee investigating refined product exchange agreement contracts. James Joseph, managing director of Trafigura in West Africa, told the committee the company is outside Nigerian tax jurisdiction. “We do offshore business and offshore trading, we are not registered in Nigeria,” he said. “Your tax law doesn’t apply to us.” The government in August terminated deals swapping crude for refined imported oil products between the state-run Nigerian National Petroleum Corp. and oil traders after a review found the terms were unfavorable. Trafigura wasn’t one of three companies affected by the cancellation, […]