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The Public Accounts Committee, PAC, of the House of Representatives has revealed that two oil companies indebted to the Federation Account have refunded about N28.7 billion to the government. The committee is investigating the audit report of the Office of the Auditor General for the Federation for the 2021 financial year. In a statement in Abuja by the House spokesperson, Akintunde Rotimi, Chorus Energy Limited settled its outstanding liability of […]
The House of Representatives has secured commitments from seven oil and gas processing companies to remit a total of $37.43m to the Federation Account before August 2025. This follows an ongoing investigation into financial records by the Nigerian Upstream Petroleum Regulatory Commission, which uncovered significant lapses in royalty payments and reconciliation processes within the oil and gas sector. The pledged repayment is part of a N9tr outstanding liability flagged by […]
Minister of Solid Minerals Development, Dr. Dele Alake has advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector. Dr. Alake stated this during a site tour of the Segilola Resources Operating Limited (SROL), an indigenous gold mining company in Ilesha, Osun State. This is contained in a statement signed by the Special Assistant on Media tO Minister, Segun Tomori […]
The House of Representatives has asked international Oil companies to reconcile their positions and ensure that correct amount of monies are paid as penalty into government coffers over gas flaring. This followed claims and counter claims emerging from poor accessibility of regulatory agencies in Nigeria’s oil and gas sector to the metering procedures of International Oil Companies IOCs flaring gas in their operations. Chairman House Ad-hoc Committee investigating the incidence […]
Civil Society Organisations in the Federal Capital Territory have called on Gilead and other pharmaceutical organizations to allow developing countries have access to lifesaving drugs as well as give open license to generic production of HIV and hepatitis C drugs. They made the call at an advocacy forum organized by AIDS Health Care Foundation in Abuja. The Executive Secretary, Nigeria Network of Religious Leaders Living with HIV/AIDS (NINERELA) Amber Erinunwinhe […]
