N9.4 Trillion debt: House committee summons 13 oil companies
[Authority - Nigeria] - 19/06/2025
By Mercy Aikoye The House of Representatives is deeply troubled by the staggering N9.4 trillion debt owed to the Federation Account by oil companies as of Q4 2024. This substantial amount stems from unpaid oil royalties, concession rentals, gas flare penalties, and other contractual obligations. (…)
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