The federal government has reportedly filed lawsuits against multinational oil corporations - Shell, Chevron, Agip and other major oil companies for failing to remit N2 trillion crude oil revenue.

The revenue not declared between 2011 and 2014,
according to Ynaija, runs into over 57 million barrels of crude
oil shipments.

As contained in the lawsuits, which were filed on Thursday,
March 3, at a Federal High Court in Lagos, the decline in
crude oil revenue recorded in 2014 "necessitated an
intelligence based gathering of data, which showed that part
of the reasons for the decline in the revenue from crude oil
exploration was the refusal to declare and/or under-
declaration of crude oil shipments".

The suit stated that "the crude oil declared to have been
exported from Nigeria, was less than what was declared to
have been imported into the United States using the same
shipment by the same vessel on the same bill of lading’.
In carrying out the shady deals, Agip Oil allegedly used two
vessels while namely "Value" and "Cosmic", while Chevron
allegedly used three vessels; "Triathlo", "Poetic Olympic
Future" and "Olympic Flag".

The oil companies are being accused of illegally shipping
57 million barrels of crude oil, and selling to buyers in the
United States alone, between January 2011- December
2014.

Representing the federal government in the civil actions
against the firms are Professor Fabian Ajogwu (SAN),
Selekeowei Larry (SAN), Wilson Ajuwa and Audu Anuga, the
report said.

The government is seeking the court to compel the
companies to remit $51,033,180, $462, 681,780, and $145,
848, 551 being the value of the missing payments.

It was gathered that the case has not been assigned to any
Judge.

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