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Belema Oil

Three oil companies admit owing government over $5.5m

Three oil companies  have been given a two-week deadline to settle a $5.5 million debt owed to the federation account Three oil companies- Chorus Energy, Dubril Oil Company Limited, and Belema Oil- have admitted to owing Nigeria a total of $5,543,491.45. Their acknowledgment came during an ongoing probe by the House of Representatives Public Accounts Committee (PAC), which was initiated following an audit report from the Auditor General. Parliament Reports recalls that the PAC had...

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