Oil Companies in Nigeria

While Belema Oil Producing Ltd honoured Monday’s summon by the PAC, eight other oil companies who failed have been given 72 hours to appear The House of Representatives Public Accounts Committee (PAC) has given eight oil companies a 72-hour ultimatum to appear before it and address allegations of failing to remit N9.4 trillion in royalties to the federation account. The committee’s probe follows findings from a report by the Office of the Auditor General for...