Femi Falana writes Minister of State for Petroleum Resources, Ibe Kachikwu on the “loss of $60 billion oil revenue”

Femi Falana writes Minister of State for Petroleum Resources, Ibe Kachikwu on the “loss of $60 billion oil revenue”

Femi Falana writes?Minister of State for Petroleum Resources,?Ibe Kachikwu on the ?loss of $60 billion oil revenue?

Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has requested the Minister of State for Petroleum Assets, Ibe Kachikwu, to offer him with info concerning the “loss of $60 billion oil income”.  

He made the request in a letter addressed to the minister and dated April 10, 2019, a replica of which was despatched to Channels Tv on Sunday. The senior advocate stated the Federal Authorities has refused to gather the stated quantity from Worldwide Oil Firms (IOCs) as at August 2017.

He urged Kachikwu to offer particulars on how the nation misplaced $60 billion oil income from non-implementation of Manufacturing Sharing Contract (PSC) phrases between the authorities and the IOCs. Falana famous that he had knowledgeable the minister whereas he was the Group Managing Director of the Nigerian Nationwide Petroleum Company (NNPC) in 2015 about the non-implementation of the PSC phrases.  

He added that Kachikwu had additionally confirmed the big oil income loss and blamed it on “public officers”. In accordance with him, the appearing chairman of the Income Mobilisation Allocation and Fiscal Fee, Mr Shetima Bana, additionally made a affirmation in January 2019.  

The lawyer, due to this fact, requested the minister to offer the info he requested, in with the Freedom of Data Act. He gave Kachikwu a seven-day ultimatum to make the info out there, stressing that he can be compelled to hunt a court docket order ought to the minister failed to take action. The Chief of Workers to the minister, Oge Modie, acknowledged receipt of Falana’s request in one other letter signed and dated April 11, 2019.

Learn Falana’s letter under:

In my letter dated fifth November 2015, addressed to you in your capability as the Group Managing Director of the Nigerian Nationwide Petroleum Company (NNPC), I referred to as your consideration to the refusal of the regulatory businesses in the Ministry of Petroleum Assets to implement the Manufacturing Sharing Contracts signed with the Worldwide Oil Firms by the Federal authorities.

In a public assertion credited to you someday in August 2017, you probably did speak in confidence to the media that Nigeria had misplaced not lower than $60 Billion as a result of the refusal of some public officers to implement the phrases of the Manufacturing Sharing Contracts between the Federal Authorities and the Worldwide Oil Firms.

In one other public assertion made on January 19, 2019 by the Appearing Chairman of the Income, Mobilisation, Allocation and Fiscal Fee, Mr Shetima Bana, confirmed the loss of oil income of $60 billion arising from the non-implementation of the stated manufacturing sharing contracts.

In view of the foregoing, I’m compelled to request you to furnish me with info on the income of $60 billion which the Federal authorities has refused to gather from the Worldwide Oil Firms as at August 2017. As this request is made pursuant to part the provision of the Freedom of Data Act you might be required to produce the requested info not later than 7 days from the date of the receipt of this letter.

TAKE NOTICE that if you happen to fail or refuse to accede to my request, I shall be compelled to use to the Federal Excessive Court docket to direct you to avail me with the info on the loss of the oil income of $60 billion.

Learn Kachikwu’s Response Beneath:

On behalf of the Honourable Minister of State for Petroleum Assets, Dr. Emmanuel Ibe Kachikwu, that is to acknowledge receipt of your letter dated 10th April 2019 and obtained 11th April 2019 on the above subject material,” the letter learn.

Please settle for the assurances of the Honourable Minister’s finest regards.


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