Legislative AccountabilityObservatory
Home / Probes / LAO-0383

Non-remittance of statutory contributions to the NDDC by oil companies

Status
No final report
Assembly
Senate
Opened
11 July 2026
Assembly term
10th National Assembly (2023–2027)
Committee
Committee on NDDC
Sum at issue
US$71.65 million
Subject
Revenue and remittances
Without a report for
123 days

On a petition by Mathew Echo, the Senate Committee on NDDC, chaired by Senator Asuquo Ekpenyong (Cross River South), opened an investigation into the failure of oil companies to pay their statutory contributions to the NDDC. The petition alleged that Aiteo Exploration and Production Company Limited, now Nembe Exploration and Production Company Limited, owed US$71.65 million and ₦30.7 billion since 2021. The committee summoned the company and asked the NDDC for a list of all defaulting companies.

NDDC

What the record shows

  • 11 July 2026
    Probe opened.
  • As of 11 November 2026
    No 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.