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House Committee Recovers N28.7 Billion from Indebted Oil Companies.

Ikechukwu Emmanuel

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The House of Representatives Public Accounts Committee (PAC) has announced the recovery of N28.7 billion from two oil companies, Chorus Energy Limited and Seplat Production Development Limited, owed to the Federation account. This recovery represents a portion of the total $1.7 billion owed by 45 oil companies, as identified in the 2021 Audit Report.

Chorus Energy settled its N1.2 billion liability on March 11, 2025, while Seplat Production Development Limited remitted N27.6 billion between March 10 and March 14, 2025, fully discharging its obligation. As a result, the PAC has cleared Amalgamated Oil Company Nigeria Ltd, Seplat Energy, Shell Exploration and Production, and Shell Petroleum Development Company of all financial indebtedness to the Federation Account.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been provided with evidence of the payments for verification. Shoreline Natural Resources Ltd. has also made a $30 million payment towards its $100.28 million debt and has requested a structured repayment plan.

The PAC commended Seplat Energy for its prompt compliance and reaffirmed its commitment to recovering outstanding debts from the remaining 38 oil companies under investigation, utilizing all constitutionally sanctioned measures. This development follows the committee’s summons to the companies, based on findings from the 2021 Audit Report.

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Lagos State Reaffirms Focus on Road Safety, Not Revenue, with Speed Enforcement.

Ikechukwu Emmanuel

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Permanent Secretary of the Lagos State Ministry of Transportation, Olawale Musa, has reiterated the state government’s commitment to road safety, emphasizing that the recently implemented speed limit enforcement and e-policing camera system is primarily designed to reduce accidents and fatalities, not to generate revenue.

Speaking on a local radio program, Mr. Musa clarified that the initiative aims to curb excessive speeding, a key contributor to road accidents. He stated that compliance with speed limits is crucial for saving lives and preventing injuries, and that the enforcement measures, though often met with resistance, are necessary for public safety.

Further, Mr. Musa addressed concerns regarding potential errors and assured the public that a transparent process exists for contesting perceived wrongful fines. He also highlighted the government’s commitment to equitable enforcement, noting that even government vehicles have been subject to fines for violations. He urged motorists to adhere to posted speed limits, especially along the Alapere axis and the Third Mainland Bridge, and to utilize designated locations for passenger pick-up and drop-off. The government is also addressing issues of missing or vandalized road signs through alternative measures like direct road markings.

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Entertainment

Val Kilmer, Acclaimed Actor, Passes Away at 65.

Ikechukwu Emmanuel

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Hollywood mourns the loss of Val Kilmer, the acclaimed actor known for his diverse and memorable roles, who passed away in Los Angeles on Tuesday at the age of 65. His daughter, Mercedes Kilmer, confirmed the news.

Kilmer, a prominent figure in 1990s cinema, achieved widespread recognition for his performances in iconic films such as “Top Gun,” “The Doors,” where he embodied Jim Morrison, and “Tombstone,” where he portrayed Doc Holliday. He also donned the cowl as Batman in “Batman Forever.” His extensive filmography includes significant roles in “Heat,” “The Saint,” “Willow,” and the recent “Top Gun: Maverick.”

Beyond his on-screen achievements, Kilmer’s career was marked by periods of controversy and fluctuating box office success. He was reportedly diagnosed with throat cancer in 2014, though he later recovered.

Val Kilmer’s talent and dedication to his craft will undoubtedly be remembered by audiences for years to come.

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Foreign

Case Dismissed: Federal Charges Against Mayor Adams Dropped.

Ikechukwu Emmanuel

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On Wednesday, District Court Judge Dale Ho dismissed, with prejudice, the federal criminal case against New York City Mayor Eric Adams. This action effectively terminates the possibility of the Department of Justice (DOJ) resurrecting the five-count indictment against the Democrat in the US District Court in Manhattan.

The dismissal follows a controversial request by the Trump administration, nearly two months prior, to drop the corruption charges. The DOJ argued that prosecution would impede Mayor Adams’ ability to govern New York City and collaborate with the administration’s immigration enforcement policies.

The request prompted significant internal dissent, culminating in the resignation of seven federal prosecutors, including the acting Manhattan US attorney. Their departure underscores the contentious nature of the decision to seek dismissal and the ethical questions it raised within the Department. The “with prejudice” ruling solidifies the finality of this complex and closely watched legal battle.

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