- Advertisement -By Tabora BojangAt least eleven fish processing companies and three fish meal factories have failed to pay their annual licence fees to the Ministry of Fisheries for the year 2025, with over D6 million remaining outstanding, audit reports revealed. According to the auditors, each of the eleven fish processing factories is required to pay an annual licence fees of D25,000 totalling D325,000 but no payment was made. The auditors warned that the absence of payment of annual licence fees by fish processing establishments might lead to loss of revenue leading to understatement of financial statements. The report urged the Ministry to ensure they recover the arrears of annual licence fee and provide evidence for audit verification. “As for the fish processing factories, the Department will write to them and make a follow-up for the payment,” the ministry said.