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Reps Secure Pledge from Seven Oil Companies to Pay $37.4m into Federation Account by August

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By Gloria Ikibah

Following an extensive probe by the the House of Representatives, Public Accounts Committee of  seven oil and gas firms have committed to paying a total of $37,435,094.52 (₦58 billion) into the Federation Account by August 2025.

This resolution comes after a review of financial records from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which exposed significant lapses in royalty payments and overall financial reconciliation within the sector.

In a statement bybthe House Spokesperson, Rep. Akin Rotimi, disclosed that the pledged repayments are part of a much larger ₦9 trillion backlog flagged in the 2021 Auditor General’s report submitted to the National Assembly. Some of these debts have accumulated over four years, further exposing gaps in Nigeria’s revenue collection process within the oil and gas industry.

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Rotimi said  that beyond the seven companies that have agreed to settle their debts, investigations have uncovered $1.7 billion (₦2.5 trillion) in unpaid royalties owed by 45 oil firms as of December 31, 2024.

1. Companies That Have Agreed to Pay by August 2025

The following companies have acknowledged their outstanding debts and have pledged to clear them before the deadline:

1. Belema Oil

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2. Panocean Oil Nigeria Ltd*

3. Newcross Exploration & Production Ltd.

4. Dubri Oil Company Ltd

5. Chorus Energy

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6. Amni International

7. Network Exploration

2. Companies Disputing Their Recorded Liabilities

Nine companies, with a total outstanding debt of $429.2 million, have challenged the figures attributed to them. They have requested a reconciliation process with NUPRC to verify the accuracy of their obligations. These companies are:

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1. Aradel/Niger Delta

2. Chevron

3. STAR DEEP

4. Shore Line

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5. Seplat Producing Unlimited

6. Esso Erha

7. Esso Usan

8. Eroton Exploration

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9. Seplat Energy

The Public Accounts Committee has directed that the reconciliation process be concluded  within two weeks. After this period, all verified debts must be paid immediately without further delays.

3. Companies That Have Ignored the Committee’s Summons

A total of 28 companies, collectively owing $1.23 billion, have refused to appear before the Committee or respond to public notices. The defaulters include:

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1. Addax Petroleum Exploration Nigeria Ltd

2. AITEO Group

3. All Grace Energy

4. Amalgamated Oil Company Nigeria Limited

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5. Total E&P Nigeria (OML 100, 102, 52 & 99)

6. Bilton Energy Limited

7. Enageed Resources Limited

8. Waltersmith Petroman Limited

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9. Conoil Plc

10. Continental Oil & Gas Company Ltd

11. Energia Limited

12. First E&P Ltd

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13. Frontier Oil Limited

14. General Hydrocarbons Limited

15. Green Energy International Ltd

16. Nigeria Agip Exploration Ltd (NAE)

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17. Neconde Energy Limited

18. Nigeria Petroleum Development Company (NPDC) – OML 60, 61 & 63

19. Lekoil Oil and Gas Investments Limited

20. Midwestern Oil and Gas Limited

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21. Millennium Oil and Gas Company Limited

22. Oando Oil Ltd (OML 60, 61 & 62)

23. Heirs Holding

24. Pillar Oil Limited

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25. Platform Petroleum Limited

26. Universal Energy Limited / Sinpec

27. Sahara Field Production Limited

28. Oriental Energy Resources Limited

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These firms have been given a one-week grace period to submit the necessary financial documents and appear before the Committee. Failure to comply will attract strict legislative and regulatory actions to enforce compliance.

4. Companies That Have Fully Paid Their Royalty Obligations

Only two companies were confirmed to have no outstanding royalty debts:

1. Shell Petroleum Development Company (SPDC)

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2. Shell Nigeria Exploration & Production

Next Steps: Enforcing Compliance & Revenue Recovery

The House Committee on Public Accounts has reaffirmed it commitment to enforcing compliance with statutory financial obligations under the Petroleum Industry Act (PIA). Lawmakers have vowed to intensify oversight efforts to recover outstanding revenues and curb future financial leakages in Nigeria’s oil and gas sector.

The House of Representatives insists that all firms operating in Nigeria’s energy sector must meet their financial responsibilities in order to support the nation’s economic stability. The Committee has also assured Nigerians that appropriate legislative actions will be taken to hold all defaulters accountable.

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How custodians of law turned to lawbreakers – Iche

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Comrade Prince Saviour Iche expresses concern over the period of suspension given to Sen. Natasha Akpoti-Uduaghan by the approval of the Senate President Godswill Akpabio; says the Senate has misrepresented the law they make if allegations such as sexual harassment can be suppressed rather than addressed.

Iche said he is particularly disappointed at the activities of some of the elected lawmakers. That a verbal confrontation from Natasha, who felt wronged by the indecent actions of the senate president towards her, has received backlash from her colleagues, who should have been in the best position to propose an inquest into the sexual harassment allegations.

Iche said,

“I have a big concern about the activities of the acclaimed lawmakers; some members of the House of Senate are not upright lawmakers but rather should be named lawbreakers; they ought to have known that there is a court injunction restricting the Senate from probing Natasha further but chose to ignore the law they must abide by, bending the laws to suit their purpose.”

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“A committee was set up to address the situation within the Senate; out of 32 lawmakers, 13 of them didn’t sign authorization for suspension, and concerns have been raised about the apparent rush by the Senate Committee on Ethics, Code of Conduct, and Public Petitions, chaired by Senator Neda Imaseun (LP, Edo South), in handling the case.”

“Meanwhile, the committee had initially scheduled the hearing for Tuesday, March 11, only for it to be abruptly rescheduled. Why didn’t the committee wait? The absence of ranking senators from the process shows we knew where it was heading,” as said by a senator who chose to remain anonymous. He said a few others went behind the other 31 prominent senators and dishonorably signed and imposed a 6-month suspension on Natasha with seized salaries and other privileges.”

“If our laws are binding, the senators who authorized that suspension would have been under investigation and arrest by now because this is a slap on the judiciary; the senators, instead of maintaining the laws of the land, are rather breaking the law.”

“When Natasha was ready with her petition, she submitted the petition to the senate president. If Nigeria is a country where things are done rightly, Akpabio will step aside for a neutral body to preside over Natasha’s application or petition, not the alleged (Godswill Akpabio). Is Akpabio now the judge over his own issue? What a government!!!!”

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“Still on the issue of suspension, why was she given a six-month suspension with salary and privileges withdrawn? What’s her offense? As a wife and mother, will Natasha lay allegations without an iota of truth? Remember that this same Akpabio had a case of sexual harassment in 2020 by someone else. The senate president and his cohort of lawbreakers in the senate should resign and let Natasha be. Natasha’s case should never be swept under the carpet, for there is always Karma.”

“It is important that the human rights body challenge the abnormality in the Senate that we’ve seen so far. We know what our women go through in their primary place of assignments, especially in the government and educational sectors. Not addressing Natasha’s issue appropriately simply means women have no immunity at all and are susceptible to underhanded treatment. Natasha’s punishment has become a reference point to further silence women. No! We have to challenge it.”

“What have Nigerians benefitted from the essence of appointing senators? Only a few of these senators live up to standard in developing their communities; when anti-people’s policies created by the government set in, the senators will not challenge these policies head-on; they seldom check and balance the government’s excesses.”

In conclusion, Iche said as a human rights advocate, it is an error to see one’s rights trampled upon without being their voice. He said if truly this matter with Natasha and Akpabio is suppressed, it means that the Nigerian judiciary is now silencing the voice of Nigerian women. It’s high time all human rights groups come out in unison to challenge the lawbreakers in the Senate.

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Diasporans president seeks Natasha’s immediate reinstatement

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President, Nigerians in Diaspora Chamber of Commerce (NiDCC), Ms Patience Ndidi Key, has called for the immediate reinstatement of the Senator representing Kogi Central in the National Assembly, Natasha Akpoti-Uduaghan.

Key, who said this in a statement on Sunday in Abuja, also called for a fair investigation into Akpoti-Uduaghan’s allegations of sexual harassment against the Senate President, Senator Godswill Akpabio.

The NiDCC boss, however,, urged the Senate to lift Akpoti-Uduaghan’s suspension while calling for the establishment of an independent panel to investigate the sexual harassment allegations thoroughly and impartially.

Tribune Online reports that the Senate Ethics, Privileges, and Public Petitions Committee, on March 6, 2025, recommended Akpoti-Uduaghan’s suspension for six months.

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Key said the unfolding drama in the Senate surrounding Akpoti-Uduaghan’s allegations once again exposed the dysfunction, self-serving agenda, and lack of integrity within the legislative arm of the government, saying her (Akpoti-Uduaghan) suspension raised fundamental concerns about justice, gender equity, due process, and the abuse of power in our democracy.

“This development raises serious concerns about the future of women in Nigerian politics. If a sitting senator can be suspended and silenced for speaking up, what hope is there for ordinary Nigerian women who suffer harassment and intimidation daily?

“Sexual harassment is a serious crime, and it must never be trivialized, ignored, or used as a political tool. However, timing matters. Victims of harassment must speak up immediately and follow due process to ensure that the law takes its course.

“Delayed allegations weaken the credibility of the claim and give room for political manipulation. Silence empowers abusers. If any Nigerian, male or female, is subjected to harassment, they must report it immediately, demand justice, and ensure accountability,” the NiDCC president submitted.

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Key said the Senate, as a democratic institution, should not be seen using procedural technicalities to suppress opposition and silence dissenting voices while advising the upper chamber to rather prioritize addressing challenges in the health sector, youth unemployment, and economic crisis facing the country.

“This entire episode proves that Nigeria’s political system needs a radical transformation. The current disciplinary mechanisms must be reviewed to prevent abuse of power and ensure equal treatment of all members, regardless of their gender or political stance.

“I also call for a serious commitment to gender equity in politics. Nigeria needs more women in governance. The silencing of female voices in leadership must end. Women in politics must be protected, empowered, and given the respect they deserve.

“The Senate must redirect its focus toward serving the Nigerian people by passing laws that solve real problems, not engaging in personal vendettas.”

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She urged Nigerians to hold their senators accountable and demand transparency, justice, and leadership, calling on victims of harassment to speak up always.

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Rivers lawmaker tells Fubara to remain on his lane over invitation 

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A member of the Rivers State House of Assembly, Lolo Isaiah Opuende, has poopoohed an invitation from Governor Siminialayi Fubara for a crucial meeting at Government House, Port Harcourt.

In a trending video, Opuende stated that it was time for the governor to “dey his dey” (be on his own) while the lawmakers would do the same.

Representing Akuku-Toru Constituency 2, Opuende recalled that when the political crisis began, their principal had warned that a time would come for both sides to go their separate ways. 

He also questioned the mode of invitation transmission, arguing that it was not feasible for lawmakers to honor the governor’s request.

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“How can you write a letter for the House of Assembly and put it on social media and expect us to come. The governor should write us the proper way”, he said.

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