Three major oil companies, Chorus Energy, Dubril Oil Company Limited, and Belema Oil, have acknowledged owing a combined total of $5,543,491.45 to Nigeria’s Federation Account. This admission came during an ongoing investigation by the House of Representatives Public Accounts Committee, prompted by the Auditor General’s report.
The committee heard detailed testimonies from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which outlined the outstanding debts of the companies. According to NUPRC, Chorus Energy owes $814,680.06 and N181,954,238.43, while Dubril Oil owes $3,025,193.71, and Belema Oil owes $1,703,617.68.