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...
Senate Chief Whip Tahir Monguno immediately objected, arguing that the Senate could not entertain the petition since the issue was already before a court. The senate was thrown into a tense session on Wednesday as Sen. Natasha Akpoti-Uduaghan (PDP, Kogi central) officially tendered a petition on the floor, alleging sexual harassment by Senate President Godswill Akpabio. Akpoti-Uduaghan, citing Order 40 of the senate rules, raised the petition during plenary, referencing comments she had previously made...
However, their demonstration was cut short as security operatives from the Nigeria Police Force intervened, deploying tear gas to disperse the crowd. A coalition of civil society organisations staged a protest at the national assembly gate on Wednesday, calling for Senate President Godswill Akpabio to step down to allow for an independent investigation into allegations made by Sen. Natasha Akpoti-Uduaghan. The demonstrators arrived as early as 8 a.m., just before the senate’s plenary session commenced, holding...
MultiChoice has been directed by the House of Representatives to suspend its subscription hike until investigations are carried out The House of Representatives has directed MultiChoice, the parent company of DStv and GOtv, to suspend its recently announced increase in subscription prices, citing concerns over its impact on Nigerian consumers. According to the statement by the company, the new price hike began from March 1, 2025. The latest price review will increase the DStv Compact...
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...
While the tax bills were generally applauded, stakeholders urge caution on implications for transparency and accountability in extractives Stakeholders have raised concerns over the potential impact of the proposed Nigeria Tax Bill (NTB) and other related reforms on the extractive sector. The reforms, however, received generally positive commentaries from speakers and contributors during a stakeholder engagement session convened by OrderPaper Nigeria in collaboration with the Nigeria Extractive Industries Transparency Initiative (NEITI) which held on Monday,...
In a stunning turn of events that has shocked political observers across Nigeria, Mudashiru Obasa has been reinstated as the Speaker of the Lagos State House of Assembly, just 49 days after his controversial removal. Obasa’s Removal and Meranda’s Rise On January 13, 2025, Rt. Hon. Mudashiru Obasa was removed as the Speaker of the Lagos State House of Assembly. The decision came swiftly, with 35 out of 40 lawmakers voting in favor of his removal....
The South East Development Commission (SEDC) gets legislative approval for N250 billion budget for the 2025 fiscal year The House of Representatives committee on the South East Development Commission (SEDC) has approved the commission’s N250 billion budget for 2025, marking what has been described as the beginning of a long-overdue development in the region. Chairman of the committee, Rep. Chris Nkwonta (APC Abia), told journalists in Abuja after the budget defense by the SEDC management...
Imasuen takes the spotlight as the senate braces for a high-stakes showdown as its Committee on Ethics, Privileges, and Public Petitions takes center stage in the unfolding Natasha-Akpabio drama. As tensions continue to rise between Sen. Natasha Akpoti-Uduaghan and the President of the Senate, Godswill Akpabio, the senate committee on ethics, privileges, and public petition is expected to launch a formal investigation into the altercations and allegations involving the two lawmakers. Parliament Reports recalls that following...
Chevron, Shell, Total, Seplat and other oil companies are to face the House Committee on Public Account in a week long probe over N9.4 trillion owed to the Federation Account Chevron Nigeria Ltd, Shell Petroleum Development Company, Total E&P Nigeria, Oando Oil Ltd, Seplat Energy and other oil companies have been summoned to an investigative hearings by the House of Representatives, through its Committee on Public Accounts, to address outstanding debts of N9.4 trillion owed ...
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