Wednesday, 1st December 2021

Nigeria must recover unremitted $21bn from international oil companies – Suswan

By OakTV
16 November 2019   |   1:33 am
The Senate on Wednesday asked three committees to investigate seven international oil companies over their alleged refusal to remit about $21bn to Nigeria's national treasury.This was based on a motion by the Vice-Chairman, Senate Committee on Petroleum Resources, Ifeanyi Ubah. Ubah in his submission informed the Senate of the IOCs alleged refusal to honour the provisions of the Production Sharing Contracts Act.