Reps probe IOCs' non-payment of 3% operating cost to Host Communities

The House of Representatives has mandated its Committees on Host Communities Petroleum Resources (Downstream) and Petroleum Resources (Midstream) to investigate the non-remittance of 3% of their annual operational expenditure to the Host Community Development Trust Fund by International Oil Companies (IOCs). This followed the adoption of a motion moved by Victor Obuzor at the plenary…

Related Keywords

Victor Obuzor ,Host Community Development Trust Fund ,International Oil Companies Iocs ,Oil Producing Companies ,Host Communities Petroleum Resources ,Petroleum Industry ,Petroleum Resources Midstream ,Petroleum Industry Act ,Gas Companies ,Petroleum Resources ,International Oil Companies ,Host Community Development Trust ,Host Communities ,