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Home»Business»Crude Oil Shipment: Court adjourns FG’s suit against Chevron, Total
Business

Crude Oil Shipment: Court adjourns FG’s suit against Chevron, Total

The Eagle OnlineBy The Eagle OnlineFebruary 13, 2019No Comments
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A Federal High Court Lagos on Wednesday adjourned until April 30 the $69 million suit filed by the Federal Government of Nigeria against Chevron Petroleum Nigeria Limited, seeking to recover Oil Revenue.
The FG filed the suit against Chevron Nigeria Limited and Chevron Petroleum Nigeria Limited as first and second defendants respectively.
The case, which was adjourned for a report of proceedings at the Court of Appeal, was on Wednesday adjourned to a further date as parties were still before the Court of Appeal.
Counsel to both parties were represented in court.
The case has therefore been further fixed for April 30 for a report of proceedings at the Court of Appeal.
This suit is one among other suits instituted by the FG seeking to recover almost $12 billion in missing crude oil revenue from some international oil companies.
The suit was filed by FG through its Counsel, Prof. Fabian Ajogwu (SAN), in 2016 against some International Oil Companies to recover lost revenues arising from undeclared and under-declared crude oil shipments from Nigeria to different parts of the world.
Meanwhile, the court also adjourned a similar suit against Total E&P Nigeria Plc as the case was also pending before the Appeal Court.
The Federal Government had sued Total E&P 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 FG accused the oil company of shortchanging 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.
It also filed similar suits against Agip Oil Company Limited, Brasoil and Shell Western Supply & Trading Limited among others.
Chevron Court crude oil Fabian Ajogwu Federal Government Total
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