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President of the Senate, Senator Godswill Obot Akpabio, has reiterated the commitment of the National Assembly to tackle the crude oil theft, saying the legislature is considering stiffer penalties for oil theft, including terrorism charges for major offenders. Senator Akpabio disclosed this while declaring open a two-day public hearing on the incessant and nefarious acts of crude oil theft in the Niger Delta at the Senate wing of the National […]
The National Assembly is set to host a major international conference on renewable energy, aimed at transforming the country's energy sector. Addressing newsmen in Abuja, the Chairman of the House Committee on Renewable Energy, Mr Afam Ogene noted that the conference, in collaboration with the United Nations Development Programme, will bring together key stakeholders, industry experts and lawmakers from across Africa to discuss ways to harness renewable energy. "The event […]
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." […]
