PRESIDENT TINUBU MOURNS NAF PERSONNEL IN ONDO JET CRASH, ORDERS THOROUGH INVESTIGATION OF THE MISHAP. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS STATEMENT PRESIDENT TINUBU MOURNS NAF PERSONNEL IN ONDO JET CRASH, ORDERS THOROUGH INVESTIGATION OF THE MISHAP   President Bola Tinubu has expressed profound sadness over the crash on Monday morning of a Nigerian Air Force ATR-42 jet near a naval base in the Igbokoda area of Ondo State.   The aircraft was on a routine mission from Benin to Lagos when the accident occurred.   The President extends his deepest condolences to the family of the 25 passengers and seven crew members involved, the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, and all officers, airmen and airwomen of the Nigerian Air Force.   "This is a painful moment for our Armed Forces and for the entire nation. Our Air Force personnel put their lives on the line every day to secure Nigeria. Their sacrifice will never be forgotten."   “The Chief of Air Staff has briefed me, and I have directed the Nigerian Air Force to immediately commence a thorough investigation in...
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N9. 4TRN DEBT: LAWMAKERS GIVE OIL COMPANIES THREE-DAY ULTIMATUM FOR NON-COMPLIANCE. (PHOTO).

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 N9.4tn Debt: Lawmakers Give Oil Companies Three-Day Ultimatum for Non-Compliance


The Nigerian House of Representatives has given oil companies a three-day deadline to appear before its investigative panel regarding a N9.4 trillion debt owed to the Federal Government.


Among the companies summoned are Waltersmith Petroman Limited, Addax Petroleum Exploration Nigeria Ltd, AITEO Group, Britannia-U, and two others. However, only Belema Oil Producing Ltd honored the invitation.


The ad hoc committee conducting the probe revealed that the companies ignored its initial summons on Monday. Belema Oil’s team, led by Managing Director Ahmad Sambo, was instructed to return on Tuesday due to a delay in submitting their documents.


Earlier, in a notice issued on Sunday, lawmakers had summoned nine oil firms, including Addax Petroleum, AITEO Group, All Grace Energy, Amalgamated Oil Company Nigeria Ltd, Amni International Petroleum Development Company Ltd, Belema Oil, Bilton Energy Ltd, Britannia-U, and Waltersmith Petroman Ltd, to appear before the committee.


The probe follows a report from the Office of the Auditor General of the Federation (OAuGF) submitted to the Public Accounts Committee (PAC). The report highlights that the outstanding N9.4 trillion stems from unpaid royalties, concession rentals, gas flare penalties, and other financial obligations tied to production-sharing contracts and repayment agreements.


Oil companies named in the report are expected to testify before the House from March 3 to 7, 2025.

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