Reps Raise Concerns Over Alleged $80 Million Debt In Oil Sector

The New Diplomat
Writer

Ad

(PHOTOS) Tinubu Returns to Abuja After Vacation in France

By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Tuesday, September 16, 2025, after his annual working vacation in Europe. The Nigerian President's plane touched down at the Nnamdi Azikiwe International Airport around 8:30 pm Nigerian time. His return marked the end of a 10-day vacation in France. This was confirmed in a…

First Nigerian Gasoline Cargo Arrives in U.S.

The first cargo of Nigerian gasoline produced at the Dangote refinery has reportedly arrived at its destination in the United States. Reuters, citing unnamed sources in the know and ship-tracking data, said the gasoline cargo was arranged by Sunoco and commodity trader Vitol. VesselFinder reported that Gemini Pearl, a Panama-flagged oil product carrier, was currently…

(VIDEO) Massive Fire Engulfs UBA Branch on Lagos Island

By Abiola Olawale A fierce fire gutted the United Bank for Africa (UBA) branch on Lagos Island on Tuesday, September 16, 2025. The blaze, which was said to have originated in the building's basement, spread rapidly across multiple floors, filling the air with thick smoke and flames visible from afar. Videos circulating on social media…

Ad

The House of Representatives Committee on Public Petitions has raised concerns over allegedĀ  $80 million debt owed an indigenous oil firm by the Nigerian Agip Oil Company.

The panel gives the Chief Executives of the Nigerian National Petroleum Company Limited, the Nigerian Agip oil company and others relevant to the probe June 26 to appear before it.

It’s the second sitting this Committee is having to deliberate on a petition brought before it by an indigenous oil firm.

The firm, De Coon Services Limited, alleges that the National Agip Oil Company, NAOC, owes it more than $80 million.

The crisis between both organisations started in 2015.

The petitioner and Chief Executive of the company, Nelson Onubogu, also accuses Agip of using some cronies to siphon the money, which he said, had been paid.

He says many of his contracts were taken off him.

Apart from the Ministry of Petroleum Resources, others invited did not show up.

On its part, the Ministry exonerates itself from the dispute and saysĀ  it is reaching out to affected agencies to better understand the details.

But the NNPCL. NAOC and other agencies invited did not come and the Committee members were clearly not pleased.

Attempts by one of them to give a soft landing to the Chief Executive Officer of NNPCL, failed.

Credit: TVC News

 

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp