BLORD IS OUT FROM KUJE PRISON AFTER PERFECTING ALL HIS BAIL CONDITIONS.(PHOTO).

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 So Linus Williams (Blord) has been released from Kuje prison after fulfilling his bail conditions, finally, freedom after a few weeks in custody. However, here’s the current position of his case:  He is still expected to show up and stand his trial.  If he fails to appear in court even for one day, his bail can be revoked and a bench warrant may be issued against him, meaning a return to Kuje. If the prosecution cannot prove the charges against him, he will be discharged and acquitted. If the prosecution proves the charges, he may be sentenced and sent back to Kuje. I think he should seek a peaceful resolution to the case. Congrats to him on his freedom for now.
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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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