Monday, September 19, 2016

FG sues Agip, Total for $635m over undeclared oil cargoes; Chevron and Exxon-Mobil next

oil-tanker large
 
Nigerian Federal Government is  demanding $635million from two multinational oil companies, Agip and Total for undeclared crude oil shipped out of the country between 2011 and 2014, Vanguard reports.
 
Two cases have been filed at the Federal High Court in Lagos by senior lawyer and Senior advocate of Nigeria, Professor Fabian Ajogwu, who has handled several cases for the Federal Government on aviation, defence, energy, and financial services. Hearing will begin next week before Justice Olatoregun Isola.
There are also indications that Ajogwu will be filing claims against other multinationals, such as Chevron and Exxon-Mobil. The Federal Government in the two cases is claiming $490,517,280 from Total E&P Nigeria Limited and $145,848,102 from Nigeria Agip Oil Company Limited. The statements of claim filed before the court are accompanied by the sworn affidavits of three US-based expert professionals.

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