The House of Representatives Public Accounts Committee on Wednesday warned 13 non-compliant oil companies to appear before it to answer questions in the ongoing probe of non-remittance of monies due to the Federal Government, or face grave sanctions. The companies are allegedly owing the Federal Government about $456.95m (N731.12 bn) in unremitted revenues. In a statement issued by its spokesman, Akin Rotimi, the House noted that despite repeated invitations and public notices through national newspapers, the companies failed to appear before the Committee, prompting the PAC to consider punitive actions…
Read More‘Over $456m Unpaid Revenue,’ Reps Threaten To Sanction 13 Oil Firms
