Reps secure seven oil coys to remit $37.4m to Federation account before august

The chairman of the House of Representatives Committee on media and public affairs, Akin Rotimi, has disclosed that seven major operators in Nigeria’s oil and gas industry have undertaken to remit a total of approximately ₦58 billion to the federation account before august 2025.
He said this followed the house public accounts committee’s scrutiny of financial records from the Nigerian upstream petroleum regulatory commission (NUPRC), which flagged significant lapses in royalty payments and reconciliation processes across the sector.