Falana seeks information on $60b oil revenue loss from Kachukwu

Falana seeks information on $60b oil revenue loss from Kachukwu

Activist lawyer, Femi Falana (SAN) has requested the Minister of State, Petroleum Resources, Ministry of Petroleum Resources, Abuja to furnish him with information on $60 billion oil revenue loss. He said the amount represented what the federal government refused to collect from International Oil companies as at August 2017. He claimed that in a letter

Activist lawyer, Femi Falana (SAN) has requested the Minister of State, Petroleum Resources, Ministry of Petroleum Resources, Abuja to furnish him with information on $60 billion oil revenue loss.

He said the amount represented what the federal government refused to collect from International Oil companies as at August 2017.

He claimed that in a letter dated November 5, 2015, he drew the attention of the minister, in his capacity as Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), to the refusal of the regulatory agencies in the ministry of Petroleum Resources to enforce the production Sharing Contracts signed with the International Oil Companies by the federal government.

He further recalled that the minister in a public statement sometime in August 2017, disclosed to the media that the country lost not less than $60 billion due to the refusal of some public officials to implement the agreement.

He also recalled that the acting Chairman of the Revenue, Mobilization, Allocation and Fiscal Commission, Mr Shetima Bana on January 19, this year confirmed the loss of oil revenue arising from the non-implementation of the said production sharing contract.

Falana requested the minister to furnish him with the information within seven days of receipt of his request failure of which he threatened legal action against the federal government at a federal high court.

He said the request for the information on the oil revenue loss was made pursuant to section of the provision of the Freedom of Information Act.

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