Worried by the non-compliance of oil companies to remit three percent of their annual budget to the Niger Delta Development Commission, NDDC, in line with the Act establishing it, the National Assembly has ordered them to pay the statutory dues without further delay.
The highest lawmaking organ of the government gave the order when officials of the companies and NDDC had an interactive session with the joint Committees on Niger Delta in the Senate and House of Representatives in Abuja.
Specifically, the joint committees ordered the oil companies to pay their arrears as soon as possible, warning that any defaulting company would be shut.
But most of the companies, which claimed that they did not default in payment, accused the commission of wrong records of their payments, even as they declared that they made payments in dollar, contrary to the commission’s records, which indicated naira.
To this end, the National Assembly said it would dispatch its team of consultants and auditors to the commission’s head office in Port Harcourt to verify the contrasting claims and report back for reconciliation of the various accounts.