ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

Missing crude oil: Agip, other floor FG in court

9th May 2019
in Business
0
Oil falls below $62 on U.S. inventories, fading Venezuela concerns
0
SHARES
184
VIEWS
Share on FacebookShare on Twitter

Lukman Olabiyi 

Justice Mojisola Olatoregun, of the Federal High Court, Lagos yesterday, dismissed  a $110million suit filed by the Federal Government of Nigeria,  against Agip Oil Company Ltd, over insufficient evidence.

The suit which was instituted by the government in  2016, through its counsel, Prof. Fabian Ajogwu (SAN), is one among others, seeking to recover almost $12 billion in missing crude oil revenue from some international oil companies.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

The plaintiff claimed $110million from the respondent for allegedly under-declaring the volume of crude oil it shipped out of the country between January 2011 and December 2014.

The Federal Government accused Agip of short-changing it to the tune of $55million.

It prayed the court to compel the oil firm to pay the $55million with an annual interest of 21 per cent, as well as $55million as exemplary damages.

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

But, Agip denied the allegations and urged the court to dismiss the suit.

Delivering judgment in the suit, Justice Olatoregun, held that the plaintiff failed to provide sufficient evidence to substantiate the claims.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .
Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

She held that there was no evidence that the crude oil the defendant lifted was more than what was declared.

According to her, it is trite and settled law that he who asserts must prove. 

“The burden of proof starts with the plaintiff and keeps shifting until all the required evidence is placed before the court.

“Exhibit DA 10 shows that MT Cosmos was nominated to ship 949,096 barrels of crude oil and exhibit DC 10 from the Ministry of Petroleum Resources, shows the barrel of crude oil as 949,096 barrels from MT Cosmos. 

“The plaintiff cited the same bill of lading number, but i have no reason to suggest that the bill of lading covers the excess 500,000 barrels of crude oil.

“While I do not have any evidence to suggest that it is impossible for the defendant to carry undeclared crude oil from Nigeria, I have no evidence to show that MT Cosmos carried the excess 500,000 barrels of crude oil with same bill of lading,” she held.

The court held that the plaintiff failed to prove its case by supplying the requisite evidence, adding that the main purpose of final addresses is to assist the court.

Partner with me, let's get you making N500K to N500K a month! Skills open the doors to financial opportunities Click here to learn it .
Rapheal

Rapheal

Related Posts

2021: FBNInsurance declares 74 kobo dividend
Business

2021: FBNInsurance declares 74 kobo dividend

27th May 2022
New Year: Jonathan, Atiku, Kalu, Oyetola, Tinubu, Anyim, others preach hope, peace
Business

Atiku releases 5-point agenda on economy

27th May 2022
MAN projects improved economic performance in Q1
Business

13% MPR hike’ll reduce real sector’s contribution to GDP –MAN

27th May 2022
Next Post
Customs generates N4.042trn in 4 years

Customs, ministry to create special tariff for vessel acquisition

Obaseki’s industrialisation drive receives fresh impetus from China

Edo 2020: Igbinedion backs Obaseki

Breastfeeding can prevent 13% of infant mortality – Expert

Breastfeeding can prevent 13% of infant mortality – Expert

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

It’s big deal seeing April Showers on Amazon -Sandra Bremaud

AMAA extends film submission to June 15

My song, Nigeria, is for national unity –Omenka Uzoma Day

The Obukelihors give couples success tips from 29-year marital experience: Keep outsiders away from your relationship

Obi joins Labour Party, writes supporters

APC to win Ekiti, Osun guber elections – Primate Ayodele

Trending

Youth corps member turns arms dealer in Lagos
Features

Youth corps member turns arms dealer in Lagos

28th May 2022
0

By Chioma Okezie-Okeh A serving participant in the National Youth Service Corps (NYSC) in Lagos is currently...

OKADA: Many sins of Lagos commercial motorbike operators

OKADA: Many sins of Lagos commercial motorbike operators

28th May 2022
I’ll pick money before love

I’ll pick money before love

28th May 2022
It’s big deal seeing April Showers on Amazon -Sandra Bremaud

It’s big deal seeing April Showers on Amazon -Sandra Bremaud

28th May 2022
AMAA extends film submission to June 15

AMAA extends film submission to June 15

28th May 2022

Follow us on social media:

Latest News

  • Youth corps member turns arms dealer in Lagos
  • OKADA: Many sins of Lagos commercial motorbike operators
  • I’ll pick money before love
  • It’s big deal seeing April Showers on Amazon -Sandra Bremaud
  • AMAA extends film submission to June 15
  • My song, Nigeria, is for national unity –Omenka Uzoma Day
  • The Obukelihors give couples success tips from 29-year marital experience: Keep outsiders away from your relationship
  • Obi joins Labour Party, writes supporters
  • APC to win Ekiti, Osun guber elections – Primate Ayodele
  • 2023: Anyim alleges alteration of Ebonyi delegates’ list
  • Special Reports: APC, PDP presidential primaries: How the aspirants stand
  • Special Reports: 57 Garlands to Rotimi Amaechi: A trusting and trusted one
  • Excitement as Oyetola makes police brutality victims smile in Osun
  • Special Reports: PDP presidential primary: Atiku holds the ace as Saraki, Wike fight on
  • Excitement as Oyetola makes police brutality victims smile in Osun
  • Special Reports: Kaduna: Between Uba Sani and the others
  • Anguish of a mother: I will dance naked on the street to save my son
  • Special Reports: 2023: Why Osinbajo is APC’s favourite presidential aspirant
  • Special Reports: Why PDP must choose Atiku: The facts, logic and emotions
  • Alleged 50 billion dollar inheritance: Sir Mobolaji Bank Anthony’s family cries out

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....