• Reps to probe $17bn undeclared crude oil, gas exports

    Reps to probe $17bn undeclared crude oil, gas exports

    It was gathered that the House of Representatives yesterday resolved to investigate undeclared revenues from crude oil and Liquefied Natural Gas (LNG) exports from 2011-2014, estimated at $17 billion.

    The resolution followed the adoption of a motion entitled: “Urgent Need to Investigate over $17 billion Stolen from Undeclared Crude Oil and Liquefied Natural Gas Exports to Global Destinations,” sponsored by Mr. Johnson Agbonayinma (Edo-PDP).

    The House resolved to set up an adhoc committee to investigate 20 companies, two federal agencies, two law […]

  • Nigeria demands $635m from Total, Agip over undeclared cargoes

    Nigeria demands $635m from Total, Agip over undeclared cargoes

    Cash strapped Nigeria’s 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.

    Two cases have been filed at the Federal High court in Lagos by senior lawyer and Senior advocate of Nigeria, Professor Fabian Ajogwu, who had handled several cases for the Federal Government on aviation, defence, energy, and financial services.

    Hearing will begin next week before Justice Olatoregun Isola.

    And there are indications that Ajogwu […]