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

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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
By Administrator

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 […]

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

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 […]

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House Public Accounts Committee Calls Out 8 Oil Companies For $506.5 Million Indebtedness To Federation
House Public Accounts Committee Calls Out 8 Oil Companies For $506.5 Million Indebtedness To Federation
By Administrator

The House of Representatives Public Accounts Committee (PAC) has expressed anger at several oil companies for failing to honor their invitation to explain their outstanding debts to the Federation. In a public announcement made through The Punch, The Nation and Daily Trust newspapers, the committee had summoned nine oil companies to appear before them today, […]

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Reps Grill Immigration Service Over Allegations Of Irregular Contract Award And Non-Rendition Of Account
Reps Grill Immigration Service Over Allegations Of Irregular Contract Award And Non-Rendition Of Account
By Administrator

The House of Representatives Public Accounts Committee has grilled the Nigerian Immigration Service (NIS) for violations of financial regulations related to contract awards and account renditions. The Committee, chaired by Representative Bamidele Salam, took action after the service appeared before the committee over Audit queries contained in 2020, 2021 report, utilisation of Service-wide vote and […]

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Reps Express Concerns Over N255.4m Severance Payments To Two Former SEC Commissioners
Reps Express Concerns Over N255.4m Severance Payments To Two Former SEC Commissioners
By Administrator

Demand Refund of N93m Paid To Sigma, Premium, Stanbic IBTC The Public Accounts Committee of the House of Representatives has expressed strong disapproval over N255,426,494.80 severance payments made to two former executive commissioners by the Securities and Exchange Commission (SEC). This issue was highlighted during today’s sitting, on January 28, 2025, when the committee reviewed […]

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NASS Inaugurates Ad-Hoc Committee To Revive NAPAC For Enhanced Accountability
NASS Inaugurates Ad-Hoc Committee To Revive NAPAC For Enhanced Accountability
By Administrator

…….To Organise National Conference Of Public Accounts In First Quarter Of 2025 In a pivotal move to restore and revitalize the National Association of Public Accounts Committees (NAPAC), the House of Representatives and Senate Public Accounts Committees today inaugurated an Ad-hoc Committee tasked with the revitalised of the association. The event, which took place in […]

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Reps Committee Order JAMB To Remit N3bn To FG CRF
Reps Committee Order JAMB To Remit N3bn To FG CRF
By Administrator

Slam JAMB For Ignoring Fiscal Responsibility Letters The House of Representatives Public Accounts Committee on Monday ordered the Joint Admission and Matriculation Board (JAMB) to remit N3,602,605,277 to the federal government Consolidated Revenue Fund (CRF) as demanded by the fiscal responsibility commission. The Committee Chaired by Rep. Bamidele Salam gave the order during it opening […]

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Public Accounts Committee Directs Security Tribunal To Remit over N6m within 7 days
Public Accounts Committee Directs Security Tribunal To Remit over N6m within 7 days
By Administrator

The Public Accounts Committee (PAC) of the House of Representatives has directed the Investment and Security Tribunal (IST) to remit N6,327,049.85 to the federal government coffer. The Committee led by Rep. Bamidele Salam gave the directive as the Tribunal appeared before it over the Auditor-General’s Report 2020. The audit report by the Auditor-General raised four […]

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Representative Bamidele Salam is a Journalist, Lawyer, Educationist, Author, Politician and Member of the National Assembly, representing the good people of Ede North, Ede South, Egbedore and Ejigbo Federal Constituency of Osun State.

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