The Federal Government has filed an appeal, challenging the decision of a Federal High Court Lagos, which dismissed a debt recovery suit it filed against Nigeria Agip Oil Company Ltd, and Brasoil Services Company Nigeria Ltd over an undeclared oil shipment.
FG through its counsel, Prof. Fabian Ajogwu, SAN, had filed the suit in 2016, seeking to recover almost $12-billion in missing crude oil revenue from some International Oil Companies.
Government is claiming 55 million dollars against Agip, in missing oil revenue, and claiming the sum of $4.8-million against Brasoil in similar circumstances.
It says the sums represent shortfalls in the amount of excess crude oil lifted out of Nigeria.
In its judgment delivered on Wednesday, Justice Mojisola Olatoregun, dismissed the plaintiff’s case on the grounds that it failed to establish sufficient facts based on evidence.
Dissatisfied with the lower court’s judgment, FG through its counsel, filed a Notice of Appeal challenging the entire courts decision on several grounds.
No date has been fixed for the hearing of the appeal.