Reps go after 77 oil firms over unremitted 2.6 trillion revenue.

Written by on March 16, 2022

The House of Representatives, has commenced investigative hearing on the 2.6 trillion owed the Federal Government by 77 oil companies operating in Nigeria.

The Speaker of the House, Femi Gbajabiamila, threatened that the parliament might be forced to invoke the provisions of the Constitution against company or official who fails or refuses to cooperate with the House on the probe.

Gbajabiamila noted that 2.6 trillion is a huge sum of money that should not be allowed to go down the drain, especially at a time when the Federal Government is experiencing shortage of revenue to fund its annual budget.

Chairman of the committee and Deputy Chief Whip of the House, Nkeiruka Onyejeocha, decried that why the government was in need of funds to finance the 2022 Appropriation Act, some oil firms were holding on to its revenue.

Seun Fakorede

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