The suit numbered FHC/L/CS/336/16 was filed in Lagos by Prof. Fabian Ajogwu on behalf of the Federal Government.
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 government said that the Anglo-Dutch company did not declare or under-declared crude oil shipments during the period. 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.
It also alleged that the defendants failed to respond to its letter seeking clarification as regards the alleged discrepancies.