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Nigerian lawmakers secure $37.4M repayment promise from oil firms by Aug 2025.
The Nigerian House of Representatives has secured a commitment from seven oil and gas companies to repay $37.4 million to the Federation Account by August 2025.
This follows an investigation revealing significant gaps in royalty payments, part of a larger ₦9 trillion debt owed by oil companies.
The committee aims to ensure full compliance with statutory payments under the Petroleum Industry Act to safeguard public revenue.
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Los legisladores nigerianos aseguran una promesa de reembolso de 37,4 millones de dólares de las empresas petroleras para agosto de 2025.