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Oil Theft: Nigerian lawmaker wants law empowering private security firms to operate offshore

The proposed legislation will establish a comprehensive framework to regulate the activities of these security outfits.

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Reps to probe oil firms over non-remittance of $8 251bn

The House of Representatives on Wednesday vowed to probe oil firms operating in the country on allegations of failure to remit a total of

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Reps probe oil firms over non-remittance of $8 251bn revenue

The House also mandated the relevant Standing Committees to thoroughly study, analyze, review, and recommend legislative measures concerning

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PIA 3% OPEX: Confusion as oil firms seize host communities

PIA 3% OPEX: Confusion as oil firms seize host communities
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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…

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