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    Kapital FM 92.9 The Station that Rocks!

Debt

3 Results / Page 1 of 1
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Economics

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, […]

todayMay 1, 2025

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Featured

HOR : PAC Investigates Debt Owed Govt By NNPCL

    The House of Representatives Committee on Public Accounts has launched an investigation into outstanding debts owed the Federation Account by the Nigerian National Petroleum Company Limited, NNPCL and several oil companies. This investigation follows concerns raised by the Office of the Auditor General for the Federation regarding financial obligations that remained unsettled by NNPC Ltd and various oil firms. According to the Auditor General’s report, at the end […]

todayFebruary 19, 2025

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Business

FG Begins N2.7tn Subsidy Debt Probe, Enlists Auditor General

The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited, The PUNCH has learnt. An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn. However, in the new audit, the government said it had approved the engagement of the Office of the Auditor General of the Federation to verify the claims made by […]

todayJune 21, 2024