Reps Pass Bill Seeking to Establish June 12 As Democracy Day
The House of Representatives is set to investigate allegations that the Federal Government has lost over $14 billion because of non-payment of gas flared penalties by international oil companies.
The sponsor of the motion which was adopted by the House, Johnson Agbonayinma from Edo State alleges that the amount is accrued between April of 2008 and 2016.
He said, “Let this house also be aware that the Deputy Director and head of upstream of the Department of Petroleum Resources, DPR while speaking at a conference in Houston, Texa, the United States of America, said Nigeria has lost $14.2billion between April 2008 and October 2016 in form of penalties for gas flaring, which the International Oil Company, IOC failed to pay.”
The House is also urging relevant government agencies to undertake a damage and post impact assessment of the environment involved and also direct the payment of compensation to the affected communities.
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