{"id":62012,"date":"2025-03-03T05:35:04","date_gmt":"2025-03-03T05:35:04","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=62012"},"modified":"2025-03-03T05:35:04","modified_gmt":"2025-03-03T05:35:04","slug":"reps-probe-oil-firms-over-n9-4-trillion-debt-to-fg","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/03\/03\/reps-probe-oil-firms-over-n9-4-trillion-debt-to-fg\/","title":{"rendered":"Reps Probe Oil Firms Over N9.4 Trillion Debt to FG"},"content":{"rendered":"<p><strong>By Ade Iyamoye<\/strong><\/p>\n<p>The House of Representatives Committee on Public Accounts has launched an investigation into oil companies allegedly owing the Federal Government a staggering N9.4 trillion in unpaid royalties, concession rentals, and gas flare penalties.<\/p>\n<p>The probe follows findings from the Auditor-General\u2019s report on Nigeria\u2019s Consolidated Financial Statement for 2021, revealing that despite the Petroleum Industry Act (PIA) mandating payment within 30 days, several oil firms failed to meet their obligations.<\/p>\n<p>Committee Chairman, Bamidele Salam, has summoned 38 defaulting oil companies, including Addax Petroleum, Shell, Chevron, Total, Seplat, and AITEO Group, to account for the infractions.<\/p>\n<p>House spokesperson, Akin Rotimi Jr., warned that failure to appear could lead to severe consequences.<\/p>\n<p>The investigation underscores lawmakers\u2019 commitment to enforcing accountability in Nigeria\u2019s oil sector and ensuring that government revenues are duly remitted.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ade Iyamoye The House of Representatives Committee on Public Accounts has launched an investigation into oil companies allegedly owing the Federal Government a staggering N9.4 trillion in unpaid royalties, concession rentals, and gas flare penalties. The probe follows findings from the Auditor-General\u2019s report on Nigeria\u2019s Consolidated Financial Statement for 2021, revealing that despite the [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-62012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=62012"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62012\/revisions"}],"predecessor-version":[{"id":62014,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/62012\/revisions\/62014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/62013"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=62012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=62012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=62012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}