The House of Representatives has disclosed that Seplat Production Development Limited and Chorus Energy Limited have paid N28.7 billion to Nigeria’s Federation Account in a bid to settle its outstanding liabilities to the nation.
The House of Representatives, through its Public Accounts Committee (PAC), disclosed this in a statement signed by Rep. Akin Rotimi Jr, Spokesman, House of Representatives.
According to the report, “Chorus Energy Limited settled its outstanding liability with a payment of $847,623 (N1.2 billion) on March 11, 2025”, while “Seplat Production Development Limited fully discharged its obligation by remitting $18.39 million (N27.6 billion) between March 10 and March 14, 2025.”
The House described this as a significant breakthrough in the ongoing efforts to recover outstanding revenues.
Recall that Nairametrics previously reported that the Committee’s investigation is based on findings from the 2021 Audit Report, focusing on 45 oil companies collectively…
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