RUSSIA LAUNCHES MASSIVE DRONE AND MISSILE BARRAGE ON UKRAINE, KILLING AT LEAST 18 CIVILIANS AND STRIKING KYIV AND MULTIPLE CITIES. (PHOTO).

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 Russia launches massive drone and missile barrage on Ukraine, killing at least 18 civilians and striking Kyiv and multiple cities  Russia carried out a large-scale overnight assault on Ukraine, launching hundreds of drones and dozens of missiles that killed at least 18 civilians and wounded more than 100 others across multiple cities, officials said Tuesday. The strikes hit Kyiv, Dnipro and other regions, with emergency crews working through destroyed residential buildings where some victims were trapped under rubble. In Dnipro, rescuers recovered the bodies of a 3-year-old child and a mother and her 8-year-old son, while officials reported 12 deaths in the city and six in Kyiv. The bombardment stretched from night into daylight, with explosions reported across wide areas of the country. Kyiv residents had been on alert for days after warnings of a major aerial attack, including advisories for foreign diplomats to leave the capital. Despite those warnings, most remained in pl...
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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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