Nigerian Agip Oil company, NAOC, yesterday, shunned the joint committee of the Senate and House of Representatives of the National Assembly, just as the committee was told that the company has been indebted to Niger Delta Development Commission, NDDC, to the tune of $6,186,696 for a period of 15 years.
The said money forms part of the payment of the statutory three percent budget remittance to NDDC by the international oil companies in the Niger Delta region. The 15 years period, according to the consultant, was from 2001 to 2015, while the total amount owed by the company stands at $ 22.270 million.
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