Oil Revenue Recovery: House of Reps Committee Warns 13 Non-Compliant Companies of Sanctions, as Recovered Funds Reach N86.5bn

The House of Representatives Public Accounts Committee (PAC) has issued a strong warning to 13 non-compliant oil companies, threatening constitutional sanctions over their persistent failure to respond to official summons and public invitations. These companies are alleged to owe the Nigerian government $456,952,216.51 in unremitted oil revenues. Despite repeated invitations and public notices through national…

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FG Moves To Close $2.3trn Infrastructure Gap Through PPP

Vice President Kashim Shettima says the Tinubu administration remains determined to provide an enabling environment for businesses to thrive. The Federal Government says it is targeting to close the infrastructure gap in Nigeria through a Public-Private Partnership (PPP) arrangement. The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, stated this on Tuesday during…

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