Reps probe N432bn oil revenue debt
By Gift ChapiOdekina, Abuja ABUJA — The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding debts owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies, with the liabilities put at N432.
The PAC reaffirmed its commitment to exercising its constitutional oversight mandate and ensuring that public revenues were properly accounted for, while government agencies took appropriate steps to recover outstanding liabilities.
According to the Auditor-General’s 2023 Annual Audit Report, NNPCL and oil companies operating under the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN; Major Marketers Association of Nigeria, MOMAN; and Major Energy Marketers Association of Nigeria, MEMAN, were indebted to NMDPRA to the tune of N392.
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