The Senate committee conducting an investigation into audit reports on Nigeria’s oil and gas sector has scheduled appearances by key government agencies, regulators and major indigenous and international oil companies as part of its ongoing oversight proceedings.
The committee is expected to focus on issues surrounding revenue leakages, remittance practices and compliance with statutory financial obligations in the petroleum industry.
According to the hearing schedule, the Nigerian National Petroleum Company Limited (NNPCL), the Joint Development Authority and the Ministry of National Planning are expected to appear before the committee on the following day.
The Nigeria Revenue Service, the Office of the Accountant-General of the Federation, the Office of the Auditor-General for the Federation and the Ministry of Petroleum Resources have also been scheduled to appear on August 6.
The committee further listed the Surveyor-General of the Federation, the Federation Account Allocation Committee (FAAC) and the Federal Ministry of Finance for appearances on August 10.
Following the sessions with government institutions, the committee will proceed to hearings involving major players in Nigeria’s oil and gas industry.
Among the companies scheduled to appear are Seplat Energy, Aradel Energy, Famfa Oil, TotalEnergies EP Nigeria, Oando, Chevron Nigeria, CNOOC Exploration and Production Nigeria Limited, Conoil Producing, Mobil Producing Nigeria Unlimited, Esso Exploration and Production, Shell Nigeria Exploration and Production Company, Aiteo Eastern E&P, Midwestern Oil and Gas, Pan Ocean, ND Western, Platform Petroleum and Neconde Energy, alongside other operators in the sector.
In an effort to promote wider participation in the oversight exercise, the committee also invited memoranda from civil society organisations, host communities, professional associations, development partners, industry experts and other interested stakeholders.
The invited stakeholders were asked to submit their memoranda on matters arising from the audit reports to the committee’s secretariat. The committee directed that each submission should consist of 15 bound copies and one electronic copy, with the deadline set for July 27, 2026.
The hearings are expected to enable lawmakers to scrutinise concerns relating to revenue losses, remittances and adherence to financial obligations by stakeholders operating within Nigeria’s oil and gas industry.
The committee said the exercise could lead to new legislative measures and recommendations aimed at improving transparency and accountability in the extractive sector, increasing government revenue and restoring public confidence in the management of the country’s petroleum resources.
With major government agencies, revenue institutions, regulators and leading oil producers scheduled to participate, the exercise is expected to provide one of the broadest parliamentary reviews of Nigeria’s petroleum industry in recent years.
The Senate’s initiative underscores its determination to ensure that revenues accruing to the Federation are properly accounted for and remitted in line with existing laws, while addressing longstanding concerns over the management and governance of the country’s strategic oil and gas resources.
