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, 2025*
1. Addax Petroleum Exploration Nigeria Ltd
2. AITEO Group
3. All Grace Energy
4. Amalgamated Oil Company Nigeria Limited
5. Amni International Petroleum Development Company Limited
6. Belemaoil Producing Ltd
7. Bilton Energy Limited
8. Britannia-U
9. Waltersmith Petroman Limited
*Tuesday, March 4, 2025*
1. Chevron Nig Ltd (OML 90, 95, 49)
2. Chorus Energy
3. Conoil Plc
4. Continental Oil & Gas Company Ltd.
5. Dubri Oil Company Limited
6. Enageed Resources Limited
7. Shell Nigeria Exploration and Production Company
8. Energia Limited
9. Eroton Exploration & Production Company Limited
10. Dubri Oil Company Limited
*Wednesday, March 5, 2025*
1. Esso E & P. Ltd (Usan, Erha)
2. First E & P. Ltd
3. Frontier Oil Limited
4. General Hydrocarbons Limited
5. Green Energy International Ltd
6. Nigeria Agip Expl. Ltd (NAE)
7. Panocean Oil Nigeria Limited (OML 147)
8. Neconde Energy Limited
9. Newcross Exploration and Production Limited
10. Newcross Petroleum (OML 152)
*Thursday, March 6, 2025*
1. Network Exploration & Production Limited
2. Total E and P Nigeria (OML 100, 102, 52 & 99)
3. Niger Delta Petroleum
4. Nigeria Petroleum Development Company (NPDC) (OML 60, 61 & 63)
5. Lekoil Oil and Gas Investments Limited
6. Midwestern Oil and Gas Limited
7. Millenium Oil and Gas Company Limited
8. Seplat Energy (OML 4, 38 & 41)
9. Oriental Energy Resources Limited
*Friday, March 7, 2025*
1. Oando Oil Ltd (OML 60, 61 & 62)
2. Heirs Holdings
3. Pillar Oil Limited
4. Platform Petroleum Limited
5. Shell Petroleum Development Company (OML 27)
6. Universal Energy Limited/Sinpec
7. Shoreline Natural Resources
8. Star Deep Water Petroleum Limited
9. Sahara Field Production Limited
10. 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
