Audit Reports: Reps Panel Vows to Make NNPC, Oil Marketers Account for ₦432bn Debt

Audit Reports: Reps panel vows to make NNPC, oil marketers account for ₦432bn debt

The committee said it would scrutinise relevant records, including the basis of the outstanding liabilities, the period covered, payments already made, amounts still outstanding and steps taken by the regulatory authorities to recover the debts.

Reps probe N432bn oil revenue debt

By Gift ChapiOdekina, Abuja ABUJA — The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies, with the liabilities put at N432.07 billion. The investigation followed findings contained in the Auditor-General’s annual audit repor…

Reps probe NNPCL, oil firms over ₦432bn NMDPRA debt

The House of Reps is investigating a massive ₦432bn NNPCL debt and liabilities from other oil firms owed to the NMDPRA. Read the latest on the probe.

Reps Probe NNPCL, Oil Firms Over ₦432bn Debt

The House of Representatives Public Accounts Committee has opened an investigation into outstanding regulatory debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority by the Nigerian National Petroleum Company Limited and oil companies, with liabilities under review put at ₦432.07bn. The investigation followed findings in the Auditor-General’s annual audit reports on unpaid petroleum-related […]

Reps Begin Probe Into ₦432bn Debt Allegedly Owed by NNPC, Oil Firms - NewsTmes.com.ng

The House of Representatives has commenced an investigation into outstanding debts of more than ₦432 billion allegedly owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by the Nigerian National Petroleum Company Limited (NNPCL) and several oil companies. The probe is being conducted by the House Public Accounts Committee (PAC), following findings contained …

Reps to probe ₦432bn NNPC and oil marketer debt

The House of Representatives has launched a probe into a ₦432 billion debt involving the NNPC and oil marketers to ensure accountability and fund recovery.