The House of Representatives Public Accounts Committee has recovered an additional N21 billion from four oil firms in unpaid revenue, royalties, and taxes, bringing the total money recovered to over N50 billion from oil companies operating in Nigeria.
This was disclosed in a statement on Sunday by the house spokesperson, Rep. Akin Rotimi Jr.
According to the statement, the committee, as part of its ongoing investigation into financial discrepancies in the sector, successfully retrieved an additional $14.2 million (N21.4 billion) from four oil and gas companies.
He said, “This latest recovery follows an earlier announcement on March 16, 2025, of recoveries amounting to N28.7 billion ($19.24 million), bringing the total recovered so far to $33.44 million (N50.1 billion).”
The statement quoted the committee chairman, Rep. Bamidele Salam, who attributed these recoveries to the unwavering support and leadership of the Speaker of the House, Hon. Abbas Tajudeen.
Meanwhile, the committee has issued a 20-day ultimatum for four oil companies to remit a total of $23.2 million (N34.8 billion).
