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House Public Accounts Committee Recovers ₦28.7 Billion ($19.24M) For Federation In One Week
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…
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House of Representatives Secures Commitment of 7 Oil Companies to Settle $37.4m Owed to Federation Account Before August
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
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
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 Begin Investigation Into Unpaid N8.1 Trillion Oil Royalties
Warn Oil Companies’ Against Delay Tactics The House of Representatives Public Accounts Committee has commenced an investigation into the unpaid N8.1 trillion oil royalties by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies’ to the Federation Accounts. The inquiry is looking into the unpaid debts and royalties, which exceed N8.1 trillion (around $10.5…
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Reps Grill Immigration Service Over Allegations Of Irregular Contract Award And Non-Rendition Of Account
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
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
…….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
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
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…