By Emman Ovuakporie
ABUJA-THE House of Representatives on Wednesday resolved to probe the $27 billion oil revenue loss to international oil companies since 1999 till date.
The resolution was passed after the debate on the executive bill which seeks to increase Federal Government’s share of the revenue accruing from the oil trading.
The Committee was given one week to report back for further legislative action.
This is just as lawmakers asked the leadership of the House for more time to enable them conduct adequate research toward passing a more beneficial amendment to the current Deep Offshore and Inland Basin Production Sharing Contract Act of 2004.
The lawmakers who cited Order 12 Rule 3 of the House Standing Orders dealing with matters of legislative compendium, called for the allocation of additional legislative days for the debates on the bill to be total and thorough.
Minimum Wage: FG transmits Executive Bill to NASS
Leading the debate on the executive bill…
