The House of Representatives through its Public Accounts Committee has recovered ₦28.7 billion from two oil companies indebted to the Federation Account.
House spokesman, Akin Rotimi, in a statement, stated that the Committee is currently investigating 45 oil companies collectively owing the Federal Government $1.7 billion 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.
The House noted that Chorus Energy Limited remitted ₦1.2 billion while Seplat Production Development Limited fully settled its obligation of ₦27.6 billion, all paid in dollars between Monday, 10 and Friday, 14 March, 2025.
In a related development, the Public Accounts Committee has also recovered ₦199.3 million from two Nigerian banks, being unremitted Value Added Tax on transactions processed via the Remita platform between March and October 2015.
The House of Representatives said it remains committed to upholding financial discipline and safeguarding public resources in national interest.
