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    Oil Firms get 2 weeks ultimatum to remit $250m to FG

    Oli workersThe House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to Federal Government’s coffers.
    Mrm Jerigbe Agom, the Chairman of the committee, gave the ultimatum at the ongoing sitting over unremitted funds in the industry.
    According to the Chairman, Nigeria can no longer condone unbecoming acts of the operators which are capable of strangulating the nation’s oil and gas industry.
    He said the companies were Aiteo Group, Dubri Oil Limited, Atlas Energy, Frontier Oil Ltd., Oriental Energy Limited, Express Petroleum, WalterSmith Oil Limited and Neconde Group.
    Agom said the committee would have no choice than to wield the big sticks on the companies that refused to meet the deadline as part of its mandate to ensure sanity in the nation’s oil and gas industry.

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