March 17, (THEWILL) – The House of Representatives has recovered 28.7 billion naira from two oil companies indebted to the Federation Account.
The house in a statement by its Spokesman, Akin Rotimi, said the recoveries were made by its Public Accounts Committees.
It disclosed that Chorus Energy Limited remitted 1.2 billion Naira while Seplat Production Development Limited fully settled its obligation of 27.6 billion Naira, all paid in dollars between the 10th and 14th of March, 2025.
The committee is currently investigating 45 oil companies collectively owing the Federal Government 1.7 billion dollars in outstanding liabilities, as contained in the Audit Report released by the Office of the Auditor General of the Federation for the 2021 financial year.
Meanwhile, the Public Accounts Committee has also recovered 199.3 million Naira from two Nigerian banks, being unremitted Value Added Tax on transactions processed via the Remita platform between March and October 2015.
The house reaffirmed its commitment to upholding financial discipline and safeguarding public resources in the national interest.
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