NEITI Report: EFCC recovers over N115bn debt for NDDC, clears 19 oil firms
The Economic and Financial Crimes Commission (EFCC) announced on Wednesday that it has recovered over N115 billion in outstanding statutory levies owed to the Niger Delta Development Commission (NDDC) by defaulting oil companies between 2021 and 2023. The recovery, presented by the EFCC’s representative, Mr. Francis Oka-Phillips Usani, to the Senate Committee on Public Accounts, […]
The Senate Public Accounts Committee has issued a 48-hour ultimatum to Seplat Energy and three other oil companies, requiring them to appear before the committee and respond to queries from the 2021, 2022, and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI). The committee, chaired by Senator Ibrahim Hassan Dankwambo, expressed concern over the companies' repeated failure to honor its invitations and warned that they could face the full weight of the National Assembly's legislative powers if they do not appear within the stipulated time.
The affected companies are Network E&P Nigeria Limited, All Grace Energy Limited, Aradel Energy Limited, and Seplat Energy.
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