Secures Additional ₦199.3 Million from Zenith Bank, GTB Through Remita Investigation The House of Representatives through its Public Accounts Committee (PAC) has recorded a significant breakthrough in ongoing efforts to recover outstanding revenues, securing $19,241,109.35 (approximately ₦28.7 billion) from two oil companies indebted to the Federation Account. The Committee’s investigation, which is based on findings…

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…

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…