N’Assembly to Investigate NLNG, 16 Other IOCs over Alleged Indebtedness to NDDC


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By Adedayo Akinwale ín Abuja

The Senate and House of Representatives joint committee on the Niger Delta Development Commission (NDDC) has concluded plans to investigate 17 international oil companies (IOCs) including Shell Petroleum, Conoil and the Nigeria Liquefied Natural Gas Limited (NLNG) for alleged indebtedness to NDDC.

The Chairman, House Committee on NDDC, Hon. Olubunmi Tunji-Ojo (APC, Ondo), disclosed this during a media chat with journalists in Abuja Monday.

He said that other oil firms to be investigated by the joint committee included: Shebah Express Petroleum, Atlas Petroleum, Allied Energy, Frontier Oil, Seven Energy Limited, Belma Oil Producing Limited, AITECO Exploration and Production, Dubrin Oil and Continental Oil and Gas.

He added that Enageed Resources Limited, New Cross Exploration and Production, Pan Ocean Oil Corporation Nigeria Limited, Nigeria Petroleum Development Company and Prime Exploration and Production…

Source: Thisday Newspaper