Reps secure 7 major oil firms’ commitment to settle $37.4m debt

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately N58 billion) owed the country before August.

This is contained in a statement issued by the Spokesman of the House of Representatives, Rep. Akin Rotimi Jr., in Abuja, yesterday.

Rotimi listed the affected companies as Belema Oil, Panocean Oil Nigeria Ltd., Newcross…