Senate Probes Oil Firm Over $71.65m, N30.7bn NDDC Remittance
The Nigerian Senate has launched an intensive investigation into Aiteo Exploration and Production Company Limited, now known as Nembe Exploration and Production Company Limited, over an alleged remittance default totaling 71.65 million dollars and 30.7 billion naira. The Upper Legislative Chamber handed the investigative mandate to its Committee on Niger Delta Affairs following a motion…