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Reps Secure $37.4m Oil Debt Repayment as Probe Uncovers $1.7bn in Unpaid Royalties

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The House of Representatives has announced that seven oil companies have pledged to settle a cumulative debt of $37.4 million owed to the Federation Account before August 2025.

Akin Rotimi, the spokesperson for the House, disclosed this in a statement on Sunday, highlighting the commitment as part of an ongoing investigation by the Public Accounts Committee (PAC).

“This commitment follows the Committee’s scrutiny of financial records from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which flagged significant lapses in royalty payments and reconciliation processes across the sector,” Rotimi stated.

The pledged repayment is a fraction of the ₦9 trillion outstanding liability flagged by the Auditor General for the Federation in the 2021 report submitted to the National Assembly. The debts, some of which have accrued over four years, underscore persistent revenue leakages in Nigeria’s oil and gas industry.

$1.7 Billion Still Unpaid by 45 Companies

Beyond the seven firms that have agreed to settle their debts, the Committee’s probe has uncovered an additional $1.7 billion (₦2.5 trillion) in unpaid royalty payments by 45 oil and gas companies as of December 31, 2024.

The seven companies that acknowledged their outstanding liabilities and pledged to clear them before August 2025 are:

Belema Oil

Panocean Oil Nigeria Ltd

Newcross Exploration & Production Ltd

Dubri Oil Company Ltd

Chorus Energy

Amni International

Network Exploration

Nine Companies Contest $429.2 Million Debt Figures

Meanwhile, nine companies with a combined outstanding balance of $429.2 million have contested the figures provided by the NUPRC, requesting a reconciliation process to verify their actual liabilities. These companies include:

Aradel/Niger Delta

Chevron

STAR DEEP

Shore Line

Seplat Producing Unlimited

Esso Erha

Esso Usan

Eroton Exploration

Seplat Energy

The committee has mandated that the reconciliation process be concluded within two weeks, after which companies must settle their confirmed debts without delay.

28 Companies Fail to Honour House Invitation

In a more concerning development, 28 oil companies collectively owing $1,230,708,293.14 have failed to appear before the Committee or respond to public notices. The House has granted them a final grace period of one week to submit relevant documentation and appear before the PAC.

The affected companies include:

Addax Petroleum Exploration Nigeria Ltd

AITEO Group

All Grace Energy

Amalgamated Oil Company Nigeria Limited

Total E&P Nigeria (OML 100, 102, 52 & 99)

Bilton Energy Limited

Enageed Resources Limited

Waltersmith Petroman Limited

Conoil Plc

Continental Oil & Gas Company Ltd

Energia Limited

First E&P Ltd

Frontier Oil Limited

General Hydrocarbons Limited

Green Energy International Ltd

Nigeria Agip Exploration Ltd (NAE)

Neconde Energy Limited

Nigeria Petroleum Development Company (NPDC) – OML 60, 61 & 63

Lekoil Oil and Gas Investments Limited

Midwestern Oil and Gas Limited

Millennium Oil and Gas Company Limited

Oando Oil Ltd (OML 60, 61 & 62)

Heirs Holding

Pillar Oil Limited

Platform Petroleum Limited

Universal Energy Limited / Sinpec

Sahara Field Production Limited

Oriental Energy Resources Limited

Failure to comply within the stipulated timeframe, the House warned, would attract firm legislative and regulatory sanctions to enforce accountability and compliance.

Two Companies Found Compliant

On a positive note, only two companies—Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration & Production—were found to have fully met their royalty obligations.

The House of Representatives reaffirmed its commitment to enforcing financial discipline in the oil and gas sector to plug revenue leakages and ensure all outstanding debts to the Federation Account are settled.

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Ajimobi’s Legacy Still Guides Us, Oladele Urges Oyo APC Unity

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A chieftain of the All Progressives Congress in Oyo State and aspirant for the Irepo/Oorelope/Olorunsogo Federal Constituency seat in the 2027 general elections, Hon. Bosun Oladele, has called on members of the party and the wider progressive family in the state to embrace unity in order to preserve and advance the legacy of the late former Governor, Senator Abiola Ajimobi.

Oladele made the appeal on Thursday as political associates, loyalists and admirers marked the remembrance of the former governor, whose administration was widely associated with the popular slogan, “Koseleri.”

In a statement he personally issued,  the federal lawmaker hopeful described Ajimobi as a visionary leader whose passion for development transformed Oyo State and left an enduring footprint in its political history.

According to him, the annual remembrance of the late governor offers an opportunity for progressives to reflect on the ideals, discipline and commitment that defined Ajimobi’s leadership.

“It is that time of the year to remember the passion that once drove the developmental strides of the Pace Setter State, the centre of politics in Nigeria and a state renowned for many firsts,” Oladele said.

He noted that although the former governor had departed, his contributions to governance and public service remain fresh in the minds of many residents and party faithful.

“Oyo State still misses his sharp mind, problem-solving abilities, oratory prowess, focused leadership and developmental initiatives. His style of governance inspired confidence and demonstrated what purposeful leadership could achieve,” he stated.

Oladele stressed that Ajimobi’s legacy should continue to serve as a source of inspiration for members of the APC, urging them to close ranks and work towards a common goal.

“Even though he is gone, his legacy gives the progressive family in Oyo State hope that the future he envisioned for our dear state remains achievable through oneness and unity of purpose.

“I therefore call on all members of the APC and the progressive family at large to join hands, put aside differences and work together towards winning future elections as part of efforts to actualise the developmental aspirations our departed leader had for Oyo State,” he added.

The APC stalwart also prayed for the repose of Ajimobi’s soul and sought divine strength for his family, particularly his widow, Ambassador Florence Ajimobi, as she continues to shoulder public and private responsibilities.

He expressed optimism that Oyo State would once again witness progressive governance driven by visionary leadership, inclusiveness and a shared commitment to the welfare of the people.

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Senate passes state police bill, governors to appoint CPs

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The Senate on Wednesday passed a bill seeking to amend the 1999 Constitution to establish state police services across the country, a major milestone in ongoing efforts to decentralise policing and tackle Nigeria’s worsening security challenges.

The proposed legislation introduces a dual policing framework comprising a Federal Police Service and State Police Services, effectively replacing the existing structure under which policing is exclusively controlled by the Federal Government through the Nigeria Police Force.

The bill was passed after Senate Leader, Opeyemi Bamidele, presented its general principles on the floor of the Red Chamber.

It subsequently scaled second reading, underwent a rigorous clause-by-clause consideration and was passed for third reading after securing the support of more than two-thirds of the senators.

A key provision of the constitutional amendment empowers governors to appoint Commissioners of Police for their respective states, subject to confirmation by the state Houses of Assembly.

Clause 17 of the bill provides that a State Police Service shall be headed by a Commissioner of Police appointed by the governor on the recommendation of the National Police Council and confirmed by the House of Assembly of the state.

The proposed law further defines the operational relationship between governors and state police commands, allowing governors to issue lawful written directives of a general policy nature to Commissioners of Police on matters relating to the maintenance of public safety and order within their states.

To address widespread concerns over possible abuse of the proposed policing structure, lawmakers incorporated safeguards aimed at protecting political freedoms and civil liberties.

The bill expressly states that a state Commissioner of Police shall not arrest, detain, investigate or deploy force against any individual, political party or group merely for criticising the government, except in accordance with the law.

The provision is intended to prevent state police formations from being used to intimidate political opponents, activists, journalists and other dissenting voices while ensuring that all actions taken conform with due process.

The amendment also empowers the Federal Police Service to temporarily intervene in the internal security affairs of a state where there is an actual or imminent breakdown of public order or public safety which the state police are unable or unwilling to contain.

Such intervention must be authorised in writing by the President, who is required to state the grounds, territorial scope, functions and duration of the operation.

The President must also notify the governor, the Speaker of the state House of Assembly, the National Police Council and the National Assembly within 48 hours of the commencement of the intervention.

The bill further provides that no federal intervention shall continue beyond a period to be prescribed by an Act of the National Assembly unless approved by a resolution of the Senate.

The Senate’s approval came barely a day after President Bola Tinubu transmitted the bill to the National Assembly as part of his administration’s efforts to reform Nigeria’s security architecture.

According to the President, the proposed amendment is designed to provide a legal framework for a dual policing structure that would allow states to establish and operate their own police services alongside the federal police.

Tinubu said the proposal is a critical component of ongoing efforts to reorganise the country’s policing system, enhance security and better protect citizens, adding that communities, municipalities and local government areas would play more active roles in policing responsibilities under the new arrangement.

The renewed push for state police comes amid growing concerns over insecurity, banditry and mass kidnappings across parts of the country.

Supporters of the proposal argue that decentralised policing would strengthen grassroots intelligence gathering, deepen community-based security initiatives and ensure quicker responses to crimes and emergencies.

Critics, however, have cautioned against possible political interference by governors, funding challenges and the risk of exacerbating ethnic or communal tensions.

Tinubu had earlier described state police as inevitable in addressing the nation’s security challenges and urged lawmakers to fast-track constitutional amendments aimed at bringing the proposal to fruition.

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Tinubu sends state police bill to Senate

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President Bola Tinubu has transmitted a Constitution Alteration Bill to the Senate seeking the establishment of state police as part of efforts to reform Nigeria’s security architecture.

The proposed legislation, contained in a communication dated June 15, 2026, was read during plenary on Tuesday by Senate President Godswill Akpabio.

Tinubu said the bill was aimed at providing a legal framework for a dual policing structure that would allow states to establish and operate their own police services alongside the Nigeria Police Force.

According to the President, the proposed amendment forms a key component of ongoing efforts to restructure the country’s policing system to improve security and enhance the protection of lives and property.

He explained that under the arrangement, communities, municipalities and local government areas would play more active roles in policing, enabling local authorities to detect suspicious activities and promptly relay intelligence to security agencies.

Following the presentation, Akpabio referred the bill to the Senate Committee on Constitution Review and directed it to report back on Wednesday.

Speaking on the importance of community-based policing, the Senate President said local authorities were better placed to identify security threats and support proactive responses by law enforcement agencies.

“You will know when foreigners infiltrate Nigeria and alert security agencies so they can react proactively rather than reactively,” he said.

Akpabio expressed optimism that sustained collaboration between the executive and legislative arms would ensure the successful passage and implementation of the initiative.

He disclosed that the process would be undertaken in phases through constitutional amendments and subsequent Acts of Parliament.

“We will do it in two phases through alteration and an Act of Parliament. There will be a lot of safeguards; let us come and do this important task. It is extremely important that we come tomorrow,” he said.

The Senate President also informed lawmakers that plenary would not entertain other major business following the death of a member of the House of Representatives, Yahaya Tongo of Gombe State.

Similarly, the Senate Leader urged senators to attend the next sitting, stressing the significance of the proposed state police framework.

“We need a minimum of two-thirds of members to vote on constitutional alterations. The issue of state police is non-partisan and cuts across geopolitical zones and interests,” he said.

The latest development came barely two weeks after the Senate passed an executive bill on state police for second reading.

Akpabio said the fresh Constitution Alteration Bill transmitted by the President builds on the earlier proposal and seeks to provide the constitutional foundation necessary for the establishment and operation of state police services across the country.

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