The Federal Government (FG) has paid a total of $3.53 billion to five International Oil Companies (IOCs) as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15 billion. The latest status report on the Pre-2016 Cash Call Arrears Repayment to the IOCs as of October 31, 2021, showed that the five … Continue reading FG Pays 5 IOCs $3.53bn, Owes $1.15bn Cash Call Arrears