Oil Debt : $4m Payment Deadline Set For OML18 Resources
The House of Representatives' Public Accounts Committee has ordered OML18 Resources Limited to pay $4 million in oil royalties and gas flare penalties within five days. The directive was issued during a committee hearing as part of an ongoing investigation into outstanding debts owed by oil companies to the Federation Account. The investigation, based on findings from the 2021 Audit Report and data from the Nigerian Upstream Petroleum Regulatory Commission, […]