Fidelity bank banner Bayelsa State banner
10 firms in trouble over $250m oil money

By Raji Rasak on 14/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,848

•Reps Committee Chairman Jerigbe Agom
•Reps Committee Chairman Jerigbe Agom

The House of Representatives Committee on Oil and Gas is investigating 10 oil companies for alleged failure to remit $250 million to the Federal Government.

The committee has threatened to issue warrant of arrest on the Managing Directors of the companies of they fail to appear before it on Thursday.

Mr Jerigbe Agom, the Chairman of the Committee, issued the warning at its sitting in Lagos on Wednesday.

The Chairman berated the companies, including, Aiteo Energy, Neconde Energy, Frontier Energy and seven indigenous oil companies for allegedly not showing interest to remit the fund.

Agom also ordered the Managing Director of the Nigerian Petroleum Development Company (NPDC) to appear before the committee in Abuja on Dec. 19 over Operating Mining Lease (OML) 119.

The company is to explain why the block was producing 5,000 barrels in spite of its capacity to deliver beyond.

He said the subsidiary arm of the Nigerian National Petroleum Company (NNPC) failed to remit $10 million accrued debt in line with the agreement it reached with the Department of Petroleum Resources (DPR).

The Chairman said that NNPC had, on many occasions, shunned the committee’s invitations to explain the infraction.

He wondered why the NNPC, which efforts should be instrumental to government drive to block revenue leakage in the oil and gas sector, turn down his committee’s sitting for no reason.

He also spoke on ExxonMobil Nigeria’s Gas-To-Liquid project, saying that same was illegal because it had no licence from the Department of Petroleum Resources (DPR).

Agom added that the committee observed the infraction and would not allow the illegality to linger without addressing the situation.

The committee, in the meantime, gave the IOCs two weeks to tidy their grey arrears in the remittance of fund to the Federal Government.

The Deputy Director, Planning, DPR, Mrs Folashade Odunuga, said International Oil Companies (IOCs) had shown deep interest to pay their debts to the government but was constrained by fiscal price disparity.

She also said though the NPDC promised to remit 10 million dollars to narrow its debt, but it failed to fulfil its pledge.

Odunuga said the agency would play its watchdog roles very well and make rigorous moves to block revenue leakages in the nation’s oil and gas sector. (NAN)

Source News Express

Posted 14/12/2017 11:53:16 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Minister hails Tony Elumelu’s commitment to job creation,...

Army releases schedule of broadcast of documentary on...

Ejiofor misses Oscar but film that brought him...

NIPOST bags global award

Baby born with 4 hands, 3 legs in...

BREAKING: Buhari presents 2018 budget proposal of N8.6...

2019: Southern forum gives conditions for backing presidential...

Saraki’s CoS dumps APC, says party shouldn’t be...

Obiano visits student accident victims, promises 500KVA generator...

Weeping athlete to get special Olympic medal

Senate abolishes Excess Crude Account, shuns probe of...

Badagry Development Master Plan will not be compromised...

 

Latest News States owe N41bn in federal taxes Joint NASS panel fails to reach agreement on INEC budget 2019: Nigeria needs a job creator as President — Atiku Accused disappears without trace after arraignment in Lagos Senators to sponsor motion demanding judicial probe of NASS invasion Two kids found dead in soakaway pit in Kwara Abia medical doctors protest kidnap of colleague Court adjourns contempt case against INEC Chairman indefinitely EFCC, INTERPOL parley to fight human trafficking, migrant smuggling Eko DISCO moves to eradicate “crazy bills” Okowa gives December deadline for development of industrial parks U.S. Embassy may resume Abuja consular services after Eid-el-Kabir holidays

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,652 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,602 views) Shameless Genevieve Nnaji exposes breasts in public (296,310 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,878 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,647 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,132 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,586 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,739 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,634 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,323 views) Lagos plane crash: Journalist releases victims’ names (152,733 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,038 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,458) Business Verdict (48) Columnists (910) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (634) Global Business Monitor (294) International (2,274) Interview (161) Live Commentary (28) Love Matters (134) News (38,068) Opinion (1,059) Pidgin (11) Politics (6,062) Religion (816) Sports (1,647) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement