For Immediate Release

HOUSE OF REPS INVESTIGATIVE HEARINGS ON OIL COMPANIES’ OUTSTANDING DEBTS TO THE FEDERATION Abuja-FCT | Sunday, March 2, 2025 –
The House of Representatives, through its Committee on Public Accounts, is commencing a series of investigative hearings aimed at addressing significant outstanding debts owed by several oil companies to the Federation Account.This initiative is in strict compliance with the Committee’s constitutional mandate under Sections 85, 88, and 89 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), as well as Order XX – Rule 6 of the House of Representatives Standing Orders (eleventh edition).During the review of the Auditor-General’s Annual Report on the Consolidated Financial Statement for the year ended December 31, 2021, and following further in-depth investigations, it was revealed that, as of the last quarter of 2024, several oil companies owe a combined total of approximately ₦9.4 trillion. This amount covers unpaid royalties, concession rentals, and gas flare penalties, in addition to obligations arising from Production Sharing Contracts, Repayment Agreements, and Modified Carry Arrangements. Despite the clear provisions of the Petroleum Industry Act – which require such debts to be settled within 30 days – many of these liabilities have remained unsettled since 2021.In light of these findings, the Public Accounts Committee hereby invites the oil companies listed below to submit the previously requested documents and appear before the Committee in Meeting Room 446, Fourth Floor, House of Representatives, National Assembly Complex, Abuja at 10:00 am prompt on the dates indicated:Monday, March 3, 20251. Addax Petroleum Exploration Nigeria Ltd2. AITEO Group3. All Grace Energy4. Amalgamated Oil Company Nigeria Limited5. Amni International Petroleum Development Company Limited6. Belemaoil Producing Ltd7. Bilton Energy Limited8. Britannia-U9. Waltersmith Petroman LimitedTuesday, March 4, 20251. Chevron Nig Ltd (OML 90, 95, 49)2. Chorus Energy3. Conoil Plc4. Continental Oil & Gas Company Ltd.5. Dubri Oil Company Limited6. Enageed Resources Limited7. Shell Nigeria Exploration and Production Company8. Energia Limited9. Eroton Exploration & Production Company Limited10. Dubri Oil Company LimitedWednesday, March 5, 20251. Esso E & P. Ltd (Usan, Erha)2. First E & P. Ltd3. Frontier Oil Limited4. General Hydrocarbons Limited5. Green Energy International Ltd6. Nigeria Agip Expl. Ltd (NAE)7. Panocean Oil Nigeria Limited (OML 147)8. Neconde Energy Limited9. Newcross Exploration and Production Limited10. Newcross Petroleum (OML 152)Thursday, March 6, 20251. Network Exploration & Production Limited2. Total E and P Nigeria (OML 100, 102, 52 & 99)3. Niger Delta Petroleum4. Nigeria Petroleum Development Company (NPDC) (OML 60, 61 & 63)5. Lekoil Oil and Gas Investments Limited6. Midwestern Oil and Gas Limited7. Millenium Oil and Gas Company Limited8. Seplat Energy (OML 4, 38 & 41)9. Oriental Energy Resources LimitedFriday, March 7, 20251. Oando Oil Ltd (OML 60, 61 & 62)2. Heirs Holdings3. Pillar Oil Limited4. Platform Petroleum Limited5. Shell Petroleum Development Company (OML 27)6. Universal Energy Limited/Sinpec7. Shoreline Natural Resources8. Star Deep Water Petroleum Limited9. Sahara Field Production Limited10. Mobil Producing Nig. Unlimited (OML 67 & 70)This notice supersedes all previous communications regarding the dates for appearance. Every company is required to be represented by its Chief Executive Officer, in person, and any other officer(s) well-versed in the issues under investigation. The Committee cautions that failure to appear on the designated date may result in further action being taken against the defaulting organization.According to the Chairman of the House Committee on Public Accounts, Rep. Bamidele Salam:”Oil companies must fulfill their statutory obligations to maintain the integrity and accountability of our nation’s resources. We welcome a collaborative approach with all stakeholders as we work together to address these discrepancies in an effective and efficient manner.”The affected organisations have been duly notified, and this public notice is for the public records, and in line with our commitment to an open parliament that is transparent and accountable.
For further enquiries, please contact the Committee on 08051383900 (WhatsApp Only) or 09020454563.
Signed: Rep. Akin Rotimi Jr.Spokesman, House of Representatives#HouseNGR #InvestigativeHearing