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FG Takes IOCS To Appeal Court On Undeclared Crude Oil Shipments

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The Federal Government of Nigeria has Appealed the judgments of Justice Mojisola Olatoregun of the Federal High Court, Lagos in Suit No: FHC/L/CS/320/16 – Federal Government of Nigeria V Nigerian Agip Oil Company Limited; and Suit No: FHC/L/CS/319/16 – Federal Government Of Nigeria V Brasoil Oil Services Company Nigeria

The Federal High Court, Lagos Judicial Division, in its judgment delivered on May 8, 2019, held that the claims of the Federal Government of Nigeria against Nigerian Agip Oil Company Limited (AGIP) and Brasoil Services Company Nigeria Limited (Brasoil) over non-declaration of crude oil exports from Nigeria to the United States of America during the period 2011 – 2013 had not been proved with sufficient evidence.

It would be recalled that the Federal Government of Nigeria through its  Counsel, Prof Fabian Ajogwu SAN, commenced the suits against Agip and Brasoil, amongst others, at the Federal High Court claiming that the Oil Companies had failed to fully declared crude oil shipments from Nigeria to the United States of America arising to the total of sum of USD 55,000,000.00 (Fifty-Five Million United States Dollars) and USD 54, 890,000 (Fifty-Four Million, Eight Hundred and Ninety Thousand United States Dollars) respectively during the period of 2011 to 2013.

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