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Reps Committee recovers N21.4bn from four oil companies

Published by PM News on Mon, 31 Mar 2025


Giving breakdown of the latest recoveries, Rotimi said Platform Petroleum Ltd paid $1.9 million (N2.9 billion) while Midwestern Oil and Gas Ltd doled out $1.578 million (N2.3 billion). He added that $523,845 (N785.7 million) and $10.3 million (N15.5 billion) were recovered from Universal Energy and Aradel Energy Ltd respectively. Rotimi quoted the Chairman of the Committee, Rep. Bamidele Salam as crediting the successes recorded in the recovery of the funds to the unwavering support and leadership of the Speaker of the House, Abbas Tajudeen. He noted that the Speaker's firm commitment to legislative oversight and accountability has ensured that committees operate effectively, free from undue interference, and with a clear mandate to safeguard public resources.
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