Court Adjourns FG’s $69m Suit against Chevron to July 2

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A Federal High Court Lagos, Tuesday, further adjourned until July 2, a $69 million suit filed by the Federal Government (FG) 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, was on Tuesday, further adjourned until July 2, as the court did not sit.

The case will therefore, be further mentioned on July 2, for a report of proceedings at the Court of Appeal.

This suit is one among other suits instituted by the federal government, seeking to recover almost $12 billion in missing crude oil revenue from some international oil companies.
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The suit was filed 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 court also adjourned a similar suit against Total E&P Nigeria Plc to July 2 for report of proceedings at the appealate 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.

It 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.

It also filed similar suits against Agip Oil Company Ltd, Brasoil, Shell Western Supply & Trading Ltd among others. (NAN)