News
Court To Resume $406.7m Shipment Suit Against Shell
A Federal High Court will on June 6 resume trial in a suit filed by the Federal Government against Shell Western Supply & Trading Ltd. over alleged 406.7 million dollars deprivation in crude oil shipment.
Our correspondent reports that the suit marked FHC/L/CS/336/16, was filed in Lagos by Prof. Fabian Ajogwu (SAN) on behalf of the Federal Government.
Shell Petroleum Development Company of Nig. Ltd. and its subsidiary, Shell Western Supply & Trading Ltd. are defendants in the suit before Justice Mojisola Olatoregun.
The trial was stalled yesterday following the absence of the judge, who is said to be on another official assignment.
In the suit, the Federal Government is claiming the sum of 406.7 million dollars from the defendants as shortfall of money paid by them into the Federal Government account.
The money was said to be for crude oil lifted by the defendants in 2013 and 2014.
The government said that the Anglo-Dutch company did not declare or under-declared crude oil shipments during the period.
It said that forensic analysis of bills of laden and shipping documents showed that Shell cheated Nigeria with regard to the revenue.
According to the government, experts tracked global movement of Nigeria’s hydro-carbons, including crude oil and gas, and identified that the companies engaged in practices that led to missing revenues from crude oil sales and gas export to different parts of the world.
The Federal Government said that the tracking also revealed discrepancies in the export records from Nigeria with the import records at US ports.
It averred that the undeclared shipments from January 2013 to December 2014 brought the total value of the entire shortfall to 406.75 million dollars.
It also alleged that the defendants failed to respond to its letter seeking clarification as regards the alleged discrepancies.
The Federal Government is therefore, seeking a court order to compel the two companies to pay the 406.7 million dollars.
The government is also asking Shell to pay general exemplary damages in the sum of 406.7 million dollars as well as the cost of the legal action.
The Federal Government had also sued Chevron, Total and Agip similarly before the court.
It is asking for a total of 12.7 billion dollars for alleged non-declaration of 57 million barrels of crude oil shipped to the U.S. from 2011 and 2014.
The oil companies are among 15 oil majors targeted by the government for the recovery of over 17 billion dollars in deprived revenue.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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