Oil companies – Bamidele Salam

House of Representatives Secures Commitment of 7 Oil Companies to Settle $37.4m Owed to Federation Account Before August

By Administrator March 9, 2025March 9, 2025

Consequent upon the ongoing investigation by the Public Accounts Committee of the House of Representatives, seven major operators in Nigeria’s oil and gas industry have undertaken to remit a total of $37,435,094.52 (approximately ₦58 billion) to the Federation Account before August 2025. This commitment follows the Committee’s scrutiny of financial records from the Nigerian Upstream […]

3 Oil Companies Admit Owing Over $5.5 Million To Federation Account

By Administrator March 4, 2025

Reps Issue Two Weeks Ultimatum For Payment Three major oil companies, Chorus Energy, Dubril Oil company limited, and Belema Oil, have admitted to owing $5,543,491.45 to the Nigeria’s Federation Account. This acknowledgment came during an ongoing investigation by the House of Representatives Public Accounts Committee, prompted by the Auditor General’s report. The committee heard detailed […]

House of Representatives Secures Commitment of 7 Oil Companies to Settle $37.4m Owed to Federation Account Before August

House of Representatives Secures Commitment of 7 Oil Companies to Settle $37.4m Owed to Federation Account Before August

3 Oil Companies Admit Owing Over $5.5 Million To Federation Account

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