• How Shell Duped Nigeria Of $406.75m – FG Explains

    How Shell Duped Nigeria Of $406.75m – FG Explains

    According to reports, the Federal Government is demanding $406.75 million from Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, over alleged crude oil theft.

    The amount, according to court documents presented in Lagos on Tuesday, represents the shortfall of the money the multinational oil firm paid into the Federal Government account with Central Bank of Nigeria.

    The money was said to be for crude oil lifted in 2013 and 2014.

    Prof. Fabian Ajogwu, Government Counsel, […]