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Senate gives oil firms 48-hour ultimatum over audit queries
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BizWatchNigeria.Ng
Firms were absent from a hearing on NEITI audit queries.
According to the NEITI report, information supplied by NUPRC in 2025 showed that Dubri Oil had liabilities of $3.25 million.
Olusoji told lawmakers that the reconciliation had subsequently been completed and that Dubri Oil no longer had an outstanding liability.
– Sen. Shehu KakaWhat’s NextThe affected oil companies are expected to appear before the Senate committee within the 48-hour deadline and respond to the outstanding audit queries.
Bottom LineThe Senate is escalating its scrutiny of oil companies named in NEITI audit findings, with non-compliant firms facing possible legislative action.