The Senate Public Accounts Committee has given Seplat Energy and three other oil companies 48 hours to appear before it and respond to queries contained in the 2021, 2022 and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative.

The committee issued the ultimatum after the companies failed to provide satisfactory responses to issues raised in the NEITI reports.

The affected companies are expected to explain discrepancies and other issues identified in the audit reports covering Nigeria’s oil and gas industry.

The Senate committee’s action forms part of its oversight responsibilities aimed at ensuring transparency and accountability in the management of Nigeria’s extractive-sector revenues.

The companies are expected to appear before the committee within the 48-hour deadline and provide the requested documents and explanations.

The development underscores continued legislative scrutiny of the oil and gas sector, particularly regarding revenue reporting, payments and compliance with regulatory requirements.