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    Reps order NNPC, NPDC to pay $1.5 billion three-year royalties

    NNPCThe House of Representatives ad-hoc committee investigating over N1.6trillion revenue leakages yesterday asked the Nigerian National Petroleum Corporation (NNPC) and Nigeria Petroleum Development Company (NPDC) to clear $1.5billion unpaid royalties on oil and gas activities.
    The debt, the committee said, was accumulated over three years.
    NPDC, an exploratory arm of the NNPC, has been dubbed by the Department of Petroleum Resources (DPR) as the worst defaulter amongst the oil companies operating in Nigeria for failing to pay the royalties.
    At a hearing on the matter, members of the panel led by Jarigbe Agom Jarigbe (PDP, Cross River) disagreed with the NNPC and NPDC on a payment plan of $10 million monthly agreed with the DPR, asking why the money was allowed accumulate.
    The Chief Operating Officer (COO) Upstream of the NNPC, Mr.

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