Acting on the Auditor-General's 2021 report on the Nigerian Upstream Petroleum Regulatory Commission, the House Public Accounts Committee, chaired by Bamidele Salam, set up two sub-committees, headed by its deputy chairman, Jeremiah Umaru, and by Olusola Fatoba, to establish unpaid royalties and remittances by NNPC Limited and oil and gas companies, including over US$2.26 billion and ₦48.2 billion in royalties, rentals and gas flare payments. In March 2025 the House summoned 48 oil companies over debts put at ₦9.4 trillion, and seven companies undertook to pay US$37.4 million into the Federation Account.
What the record shows
- 5 November 2024Probe opened.
- 16 March 2025The committee said it had recovered ₦28.7 billion in outstanding revenue from oil companies.
- As of 11 November 2026No final report of this probe has been found on the public record.
Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.