3 Major Oil Companies Owe FG $5.5m
A probe by the House of Representatives Public Accounts Committee has revealed that three major oil companies owe the Federation Account over $5.5 million. The companies, Chorus Energy, Dubril Oil Company Limited, and Belema Oil, confirmed the debt during the investigation. "Chorus Energy's debt stands at $814,680.06 and N181,954,238.43, while Dubril Oil Company Limited owes $3,025,193.71 and Belema Oil, $1,703,617.68. Eroton Exploration & Production has a significant debt of $78,486,333.27." […]