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Tag: Reps

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Reps probe oil firms over ₦9.4trn debt to FG

The Nigerian House of Representatives has launched investigative hearings to address approximately ₦9.4 trillion in outstanding debts owed by oil companies to the Federation Account. These debts encompass unpaid royalties, concession rentals, and gas flare penalties. The Committee on Public Accounts will conduct the hearings from Monday, March 3, to Friday, March 7, 2025, in […]

Reps to recover $9bn gas flaring fines from oil companies
Oil and Gas

Reps to recover $9bn gas flaring fines from oil companies

  The House of Representatives expressed its commitment to retrieving a substantial amount of over $9 billion in gas flaring fines that have been imposed by the Federal Government on both domestic and international companies involved in the Oil and gas sector. The Chairman of the Ad-hoc Committee, Ahmed Munir, tasked with investigating gas flaring, […]

Reps to investigate NNPCL over failure to remit revenue
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Reps to investigate NNPCL over failure to remit revenue

        The Nigerian National Petroleum Company Limited’s failure to transfer funds to the federation account will be the subject of inquiries by the House of Representatives. This came after the plenary on Tuesday approved a resolution by Uduak Odudo titled “Need to investigate the non-remittance of due taxes by the Nigerian National […]

Aviation featured

Reps seek lower flight prices for holidays

The request by the House of Representatives to foreign airlines to reopen cheaper layers of fares for the Nigerian market while trapped funds are resolved has gone unanswered, much to the chagrin of international travellers this holiday season. Even so, an increasing number of airlines are only offering premium fares to inbound tourists. Premiums in […]

Energy featured

Reps probe AGIP Oil over tax evasion

The House of Representatives ad hoc committee on Joint Venture on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion. The Chairman ad hoc Committee investigating the Structure and Accountability of JV Business and Production Sharing Contracts of the NNPC, Rep. Abubakar Fulata, said it was not out to witch-hunt anybody. He […]

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