The motion described the non-remittance of 3% of operating expenditures of companies as a statutory contribution to host community funds as a violation of the PIA. The House of Representatives has asked that oil and gas companies, who have failed to remit 3 percent of their annual operating expenditure to host communities in the Niger Delta as provided for in the Petroleum Industry Act (PIA), 2021, be penalized. It also directed the regulatory authorities –...











