Reps probe NNPCL, oil firms over ₦432bn NMDPRA debt

The Punch | 09-09-2026 01:31pm |

The House of Representatives has launched an investigation into a substantial debt of ₦432 billion owed by the Nigerian National Petroleum Company Limited (NNPCL) and other oil firms to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The probe aims to uncover the circumstances surrounding the debt and ensure accountability. This move is part of ongoing efforts to address financial discrepancies in the oil sector.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.