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    Kapital FM 92.9 The Station that Rocks!

Oil Companies

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National

Oil Debt : PAC Investigates Oil Companies

The House of Representatives Public Accounts Committee, PAC is investigating multiple oil companies, including Addax Petroleum Exploration Nigeria Ltd, AITEO Group, and Amni International Petroleum Development Company Limited, for failing to pay a combined $506.5 million in debts to the Federal government. In a public announcement made through The Punch, The Nation and Daily Trust newspapers, the committee had summoned nine oil companies to appear before them to clarify their […]

todayMarch 4, 2025

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Featured

HOR Threatens To Arrest Leaders Of Oil Companies

      Three committees tasked with investigating the execution of corporate social responsibility by multinational oil companies and other corporate entities in the South-South Region of the country have threatened to issue warrant of arrests on the leaders of the companies that failed to honour their summons. The chairman of the three committees, Professor Obiageli Lilian Orogbu frowned at the failure of some major oil companies to attend the […]

todayMarch 7, 2024