The House of Representatives is commencing investigative hearings aimed at addressing significant outstanding debts owed by some oil companies to the Federation Account.
The hearing scheduled to be held from Monday to Friday, March 3rd to 7th, 2025, would be conducted through the House Committee on Public Accounts.
In a statement on Sunday, the spokesperson for the lower legislative chamber, Akin Rotimi, disclosed that the debts amount to N9.4 trillion.
The statement observed that the investigative hearing is in line with the committee’s constitutional mandate under sections 85, 88, and 89 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), and also with Order XX—Rule 6 of the House of Representatives Standing Orders (eleventh edition).
The statement also observed that the debt covers unpaid royalties, concession rentals, and gas flare penalties, in addition to obligations arising from production sharing contracts, repayment agreements, and modified carry arrangements.
To this end, the Public Accounts Committee has invited the affected oil companies to submit the previously requested documents and appear before the Committee in Meeting Room 446, Fourth Floor, House of Representatives, National Assembly Complex, Abuja at 10:00 am prompt on the scheduled dates.
Full List:
Addax Petroleum Exploration Nigeria Ltd,
AITEO Group
All Grace Energy
Bilton Energy Limited
Britannia-U
Waltersmith Petroman Limited
Amalgamated Oil Company Nigeria Limited
Amni International Petroleum Development Company Limited
Belemaoil Producing Ltd.
Chevron Nigeria Ltd. (OML 90, 95, 49)
Chorus Energy
Conoil Plc
Continental Oil & Gas Company Ltd.
Dubri Oil Company Limited
Engaged Resources Limited
First E & P. Ltd.
Frontier Oil Limited
General Hydrocarbons Limited
Green Energy International Ltd.
Nigeria Agip Expl. Ltd. (NAE)
Panocean Oil Nigeria Limited (OML 147)
Neconde Energy Limited
Newcross Exploration and Production Limited
Newcross Petroleum (OML 152)
Network Exploration & Production Limited
Total E and P Nigeria (OML 100, 102, 52 & 99)
Niger Delta Petroleum
Nigeria Petroleum Development Company (NPDC) (OML 60, 61 & 63)
Lekoil Oil and Gas Investments Limited
Shell Nigeria Exploration and Production Company
Energia Limited
Eroton Exploration & Production Company Limited
Dubri Oil Company Limited
Esso E & P. Ltd. (Usan, Erha)
Midwestern Oil and Gas Limited
Millennium Oil and Gas Company Limited
Seplat Energy (OML 4, 38 & 41)
Oriental Energy Resources Limited
Oando Oil Ltd. (OML 60, 61 & 62)
Heirs Holdings
Pillar Oil Limited
Universal Energy Limited/Sinpec
Shoreline Natural Resources
Star Deep Water Petroleum Limited
Sahara Field Production Limited and
Mobil Producing Nigeria Unlimited (OML 67 & 70)
Platform Petroleum Limited
Shell Petroleum Development Company (OML 27)
