{"id":153604,"date":"2025-03-02T11:58:20","date_gmt":"2025-03-02T10:58:20","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/n9-4tn-debt-reps-invite-oando-chevron-mobil-shell-others-for-investigative-hearing-full-list"},"modified":"2025-03-02T11:58:20","modified_gmt":"2025-03-02T10:58:20","slug":"n9-4tn-debt-reps-invite-oando-chevron-mobil-shell-others-for-investigative-hearing-full-list","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/n9-4tn-debt-reps-invite-oando-chevron-mobil-shell-others-for-investigative-hearing-full-list","title":{"rendered":"N9.4tn debt: Reps invite Oando, Chevron, Mobil, Shell, others for investigative hearing  [Full List]"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigeria\u2019s House of Representatives, through its Committee on Public Accounts, is commencing investigative hearings aimed at addressing significant outstanding debts owed by some oil companies to the Federation Account.<\/p>\n<p>The debts amount to N9.4 trillion.<\/p>\n<p>House of Representatives spokesperson, Akin Rotimi, disclosed this in a statement on Sunday.<\/p>\n<p>The statement noted that the investigative hearing is in compliance with the committee\u2019s 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\u2014Rule 6 of the House of Representatives Standing Orders (eleventh edition).<\/p>\n<p>According to the statement, the debt covers unpaid royalties, concession rentals, and gas flare penalties, in addition to obligations arising from production sharing contracts, repayment agreements, and modified carry arrangements.<\/p>\n<p>Despite the clear provisions of the Petroleum Industry Act \u2014 which require such debts to be settled within 30 days \u2014many of these liabilities have remained unsettled since 2021.<\/p>\n<p>The hearing is scheduled to be held from Monday to Friday, March 3rd to 7th, 2025.<\/p>\n<p>\u201cIn 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,\u201d the statement reads.<\/p>\n<p>Recall that the report from the Auditor General of the Federation revealed that in the last quarter of 2024, several oil companies owe a combined total of approximately N9.4 trillion.<\/p>\n<p>Full List:<\/p>\n<p>Addax Petroleum Exploration Nigeria Ltd,<\/p>\n<p>AITEO Group<\/p>\n<p>All Grace Energy<\/p>\n<p>Amalgamated Oil Company Nigeria Limited<\/p>\n<p>Amni International Petroleum Development Company Limited<\/p>\n<p>Belemaoil Producing Ltd.<\/p>\n<p>Bilton Energy Limited<\/p>\n<p>Britannia-U<\/p>\n<p>Waltersmith Petroman Limited<\/p>\n<p>Chevron Nigeria Ltd. (OML 90, 95, 49)<\/p>\n<p>Chorus Energy<\/p>\n<p>Conoil Plc<\/p>\n<p>Continental Oil &amp; Gas Company Ltd.<\/p>\n<p>Dubri Oil Company Limited<\/p>\n<p>Engaged Resources Limited<\/p>\n<p>Shell Nigeria Exploration and Production Company<\/p>\n<p>Energia Limited<\/p>\n<p>Eroton Exploration &amp; Production Company Limited<\/p>\n<p>Dubri Oil Company Limited<\/p>\n<p>Esso E &amp; P. Ltd. (Usan, Erha)<\/p>\n<p>First E &amp; P. Ltd.<\/p>\n<p>Frontier Oil Limited<\/p>\n<p>General Hydrocarbons Limited<\/p>\n<p>Green Energy International Ltd.<\/p>\n<p>Nigeria Agip Expl. Ltd. (NAE)<\/p>\n<p>Panocean Oil Nigeria Limited (OML 147)<\/p>\n<p>Neconde Energy Limited<\/p>\n<p>Newcross Exploration and Production Limited<\/p>\n<p>Newcross Petroleum (OML 152)<\/p>\n<p>Network Exploration &amp; Production Limited<\/p>\n<p>Total E and P Nigeria (OML 100, 102, 52 &amp; 99)<\/p>\n<p>Niger Delta Petroleum<\/p>\n<p>Nigeria Petroleum Development Company (NPDC) (OML 60, 61 &amp; 63)<\/p>\n<p>Lekoil Oil and Gas Investments Limited<\/p>\n<p>Midwestern Oil and Gas Limited<\/p>\n<p>Millennium Oil and Gas Company Limited<\/p>\n<p>Seplat Energy (OML 4, 38 &amp; 41)<\/p>\n<p>Oriental Energy Resources Limited<\/p>\n<p>Oando Oil Ltd. (OML 60, 61 &amp; 62)<\/p>\n<p>Heirs Holdings<\/p>\n<p>Pillar Oil Limited<\/p>\n<p>Platform Petroleum Limited<\/p>\n<p>Shell Petroleum Development Company (OML 27)<\/p>\n<p>Universal Energy Limited\/Sinpec<\/p>\n<p>Shoreline Natural Resources<\/p>\n<p>Star Deep Water Petroleum Limited<\/p>\n<p>Sahara Field Production Limited and<\/p>\n<p>Mobil Producing Nigeria Unlimited (OML 67 &amp; 70)<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Nigeria\u2019s House of Representatives, through its Committee on Public Accounts, is commencing investigative hearings aimed at addressing significant outstanding debts owed by some oil companies to the Federation Account. The debts amount to N9.4 trillion. House of Representatives spokesperson, Akin Rotimi, disclosed this in a statement on Sunday. The statement noted that [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":153603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[10576,4204,254,6691,1589,593],"class_list":["post-153604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-chevron","tag-mobil","tag-nigeria","tag-oando","tag-reps","tag-shell"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>N9.4tn debt: Reps invite Oando, Chevron, Mobil, Shell, others for investigative hearing [Full List] - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/n9-4tn-debt-reps-invite-oando-chevron-mobil-shell-others-for-investigative-hearing-full-list\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N9.4tn debt: Reps invite Oando, Chevron, Mobil, Shell, others for investigative hearing [Full List]\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. Nigeria\u2019s House of Representatives, through its Committee on Public Accounts, is commencing investigative hearings aimed at addressing significant outstanding debts owed by some oil companies to the Federation Account. The debts amount to N9.4 trillion. House of Representatives spokesperson, Akin Rotimi, disclosed this in a statement on Sunday. 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