$406.7m oil shipment suit against Shell: Court resumes trial June 6 - Vanguard News Nigeria

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 absence of the judge who is said to be on another official assignment.

In the suit, the Federal Government is claiming the sum of $406.7m from the defendants as shortfall of money paid by them into the Federal Government account.The government said the Anglo-Dutch company did not declare or under-declared crude oil shipments during the period. It alleged that forensic analysis of bills of laden and shipping documents showed that Shell cheated Nigeria with regard to the revenue.

The Federal Government said that the tracking also revealed discrepancies in the export records from Nigeria with the import records at U.S. ports.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$406.7m oil shipment suit against Shell: Court to resume trial June 6 - Vanguard News NigeriaA 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.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

$406.7m oil shipment suit against Shell: Court to resume trial June 6 - Vanguard News NigeriaA 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.
Source: vanguardngrnews - 🏆 5. / 75 Read more »