Reps Begin Investigation Into ₦432bn Oil Revenue Debt

Reps begin investigation into N432 billion oil revenue debt

The House of Representatives Public Accounts Committee (PAC) has commenced investigation into the outstanding indebtedness of oil companies and the read more Reps begin investigation into N432 billion oil revenue debt

Reps Begin Investigation Into ₦432bn Oil Revenue Debt

According to the Auditor-General’s 2023 Annual Audit Report, the NNPCL and oil companies operating under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Major Marketers Association of Nigeria (MOMAN) and Major Energy Marketers Association of Nigeria (MEMAN) were indebted to NMDPRA to the tune of more than ₦392 billion.

Oil marketers withhold N431bn levies— Auditor-General

Nigeria’s Auditor-General uncovers N431bn in unpaid levies and debts owed by oil marketers to the NMDPRA, highlighting major financial irregularities. Read More: https://punchng.com/oil-marketers-withhold-n431bn-levies-auditor-general/

Reps Panel Opens Probe into ₦432bn Oil Revenue Debt

The Public Accounts Committee of the House of Representatives has commenced a probe into the outstanding indebtedness of oil companies, including the Nigerian National Petroleum Company Limited (NNPCL). The probe centres on the oil companies’ debts to the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA, with the liabilities rising to  N432.07 billion. The investigation […]

Reps Probe ₦432bn Oil Revenue Debt

The House of Representatives has commenced an investigation into ₦432 billion in unpaid oil revenue owed to the NMDPRA by the NNPCL and various petroleum marketers.

Oil Marketers Owe NMDPRA N431bn in Legacy Levies — Auditor-General - Economi Confidential

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is under fresh scrutiny after the Office of the Auditor-General for the Federation uncovered over N432 billion in unpaid debts and statutory levies involving petroleum marketers.