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Nigeria: Reps Secure $37.4m Owed to Govt By 7 Oil Companies

Summary by allAfrica

...To Settle Before August 2025

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allAfrica

Nigeria: Reps Secure $37.4m Owed to Govt By 7 Oil Companies

...To Settle Before August 2025

2 days ago·South Africa

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CoreTV News

Seven Oil firms pledge to pay $37.4m debt to Federation Account by August

In a major development from the House of Representatives’ Public Accounts Committee investigation, seven oil and gas companies have committed to remitting a total of $37,435,094.52 (approximately ₦58 billion) to the Federation Account before August 2025. The decision follows a detailed review of financial records by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which uncovered lapses in royalty payments and reconciliation proces…

1 day ago

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EnviroNews Nigeria -

Reps secure seven major oil firms’ commitment to settle $37.4m debt - EnviroNews - latest environment news, climate change, renewable energy

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before August. The Nigerian House of Representatives in session This is contained in a statement issued by the Spokesman of the House of Representatives, Rep. Akin Rotimi Jr., in Abuja on Monday, March 10, 2025. Rotimi listed the affected companies as: Belema Oil, Panocean Oil Nigeria Ltd., …

2 days ago

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National Accord Newspaper

Reps secure 7 major oil companies’ commitment to settle $37.4m debt — National Accord Newspaper %

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately The post Reps secure 7 major oil companies’ commitment to settle $37.4m debt appeared first on National Accord Newspaper.

2 days ago

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Newsdiaryonline

Reps secure 7 major oil firms’ commitment to settle $37.4m debt

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before August. By Ikenna Osuoha The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before August. This is contained in a statement issued by the Spokesman of the House of Representatives, …

2 days ago

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tv360nigeria.com

House of Representatives Secures $37.4 Million Commitment from Seven Oil Companies - TV360 Nigeria

The House of Representatives has successfully secured a commitment from seven oil companies to settle a total of $37.4 million owed to the Federation Account by August 2025. This pledge comes amid an ongoing investigation by the Public Accounts Committee (PAC) of the House of Representatives, which is scrutinizing the financial records of the Nigerian oil sector. According to a statement issued on Sunday by the House spokesman, Akin Rotimi, this…

2 days ago

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