Nigeria: Judge's Absence Stalls Govt's $406.8 Million Suit Against Shell
Lagos — A Federal High Court in Lagos was yesterday, forced to adjourn continuation of hearing until November 15 in a suit filed by the Federal Government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth 406.8 million dollars. The money is for crude oil lifted in 2013 and 2014. In a supporting affidavit, the federal government had accused the Anglo-Dutch company of not declaring or under declaring crude oil shipments during the period. The federal government is, therefore, seeking a court order to compel the two companies to pay 406.8 million dollars being the total value of the missing revenue and interest payment at 21 per cent per annum. In addition, the government is also asking Shell to pay general exemplary damages in the sum of 406.75 million dollars as well as the cost of the legal action instituted against it.