Home / BUSINESS / Court Fixes Feb13, 2019 to Hear FG’s $69m Crude Oil Shipment Suit Against Chevron, Total

Court Fixes Feb13, 2019 to Hear FG’s $69m Crude Oil Shipment Suit Against Chevron, Total

A federal high court in Lagos, yesterday, adjourned until February 13, 2019, a $69 million  suit filed by the Federal Government of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue.The federal government filed the suit against Chevron Nigeria Ltd, and Chevron Petroleum Nigeria Ltd, as first and second defendants respectively.

The case which was adjourned for a report of proceedings at the Court of Appeal, could not proceed on Tuesday, as the court did not sit.

The judge, Justice Mojisola Olatoregun is said to be attending a seminar .

The case, was therefore, further adjourned until Feb. 13, 2019, for a report of proceedings at the Appellate Court.

The  suit is one among other suits by the government, seeking to recover almost $12 billion in missing crude oil revenue from some international oil companies.

During a court processing on March 1, Justice Olatoregun dismissed a preliminary objection by the second defendant (Chevron Petroleum Nigeria Ltd), challenging the jurisdiction of the court, on grounds of service of court processes.

The court awarded a cost of N100,000 against the second defendant.

The suit was filed by the federal government through its counsel, Prof Fabian Ajogwu, (SAN) in 2016, against some International Oil Companies (IOCs) to recover lost revenues arising from undeclared and under-declared crude oil shipments from Nigeria to different parts of the world.

The federal government had also sued Total E&P Nig. Plc, alleging that the oil company under-declared the volume of crude oil it shipped out of the country between January 2011 and December 2014.

The case against Total is also adjourned until February 13, 2019.

The federal government accused the oil company of short-changing it to the tune of $245 million, by allegedly shipping several barrels of crude oil out of Nigeria, without making due remittance to the government.

The government also filed similar suits against Agip Oil Company Ltd, Shell Western Supply & Trading Ltd, Agip, among others.

About Admin_03

Check Also

90% of Africans Unqualified for Jobs They Apply to

By John Onah, Abuja Nine out of every 10 Africans who apply for jobs are …

Shell, Eni Face $1.1bn Suit over Malabu Oil Deal

By Adedeji Fakorede, with agency report The federal government has filed a $1.1 billion suit …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: