Falana writes Kachikwu, threatens to go to court over alleged $60bn oil revenue loss

News Express |15th Apr 2019 | 1,634
Falana writes Kachikwu, threatens to go to court over alleged $60bn oil revenue loss

Falana SAN

Human rights lawyer and Senior Advocate of Nigeria, Mr Femi Falana, has asked the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, to provide him with information regarding the “loss of $60 billion oil revenue”.

He made the request in a letter addressed to the minister and dated April 10, 2019.

The senior advocate said the Federal Government has refused to collect the said amount from International Oil Companies (IOCs) as at August 2017.

He urged Kachikwu to provide details on how the nation lost $60 billion oil revenue from non-implementation of Production Sharing Contract (PSC) terms between the government and the IOCs.

Falana noted that he had informed the minister while he was the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) in 2015 about the non-implementation of the PSC terms.

He added that Kachikwu had also confirmed the huge oil revenue loss and blamed it on “public officials”.

According to him, the acting chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Mr Shetima Bana, also made a confirmation in January 2019.

The lawyer, therefore, asked the minister to provide the information he requested, in with the Freedom of Information Act.

He gave Kachikwu a seven-day ultimatum to make the information available, stressing that he would be forced to seek a court order should the minister failed to do so.

The Chief of Staff to the minister, Oge Modie, acknowledged receipt of Falana’s request in another letter signed and dated April 11, 2019.

Read Falana’s letter below:

In my letter dated 5th November 2015, addressed to you in your capacity as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), I called your attention to the refusal of the regulatory agencies in the Ministry of Petroleum Resources to enforce the Production Sharing Contracts signed with the International Oil Companies by the Federal government.

In a public statement credited to you sometime in August 2017, you did disclose to the media that Nigeria had lost not less than $60 Billion due to the refusal of some public officials to implement the terms of the Production Sharing Contracts between the Federal Government and the International Oil Companies.

In another public statement made on January 19, 2019 by the Acting Chairman of the Revenue, Mobilisation, Allocation and Fiscal Commission, Mr Shetima Bana, confirmed the loss of oil revenue of $60 billion arising from the non-implementation of the said production sharing contracts.

In view of the foregoing, I am compelled to request you to furnish me with information on the revenue of $60 billion which the Federal government has refused to collect from the International Oil Companies as at August 2017. As this request is made pursuant to section the provision of the Freedom of Information Act you are required to supply the requested information not later than 7 days from the date of the receipt of this letter.

TAKE NOTICE that if you fail or refuse to accede to my request, I shall be compelled to apply to the Federal High Court to direct you to avail me with the information on the loss of the oil revenue of $60 billion.

Read Kachikwu’s response below:

On behalf of the Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, this is to acknowledge receipt of your letter dated 10th April 2019 and received 11th April 2019 on the above subject matter,” the letter read.

Please accept the assurances of the Honourable Minister’s best regards.

•Sourced from Channels TV.






Comments

Post Comment

TikTok’s CEO used to work for Mark Zuckerberg as a Facebook intern. Just one decade later, he’s become one of Meta’s fiercest competitors

TikTok’s CEO used to work for Mark Zuckerberg as a Facebook intern. Just one decade later, he’s become one of Meta’s fiercest competitors

Rihanna welcomes third child with A$AP Rocky

Rihanna welcomes third child with A$AP Rocky

Drones close a Denmark airport for a second time in a week

Drones close a Denmark airport for a second time in a week

Eberechi Eze scored his first goal for Arsenal as they beat League One side Port Vale to reach the Carabao Cup fourth round.

Eberechi Eze scored his first goal for Arsenal as they beat League One side Port Vale to reach the Carabao Cup fourth round.

Trump demands inquiry over UN 'triple sabotage' after escalator and teleprompter mishaps

Trump demands inquiry over UN 'triple sabotage' after escalator and teleprompter mishaps

Colombia's president calls US attacks on alleged drug boats 'act of tyranny'

Colombia's president calls US attacks on alleged drug boats 'act of tyranny'

Malawi’s President Chakwera concedes election defeat to predecessor Mutharika

Malawi’s President Chakwera concedes election defeat to predecessor Mutharika

Jorge Jesus explains why he left Cristiano Ronaldo on bench during Al-Nassr's thumping King Cup of Champions win over Jeddah as Joao Felix takes spotlight again

Jorge Jesus explains why he left Cristiano Ronaldo on bench during Al-Nassr's thumping King Cup of Champions win over Jeddah as Joao Felix takes spotlight again

Trinidad ends US extradition bid for ex-FIFA vice-president Warner

Trinidad ends US extradition bid for ex-FIFA vice-president Warner

JUST IN: Despite court judgement/pending suit at Supreme Court, Finance Minister plots payment of Osun LG fund to court-sacked chairmen — State Govt raises the alarm

JUST IN: Despite court judgement/pending suit at Supreme Court, Finance Minister plots payment of Osun LG fund to court-sacked chairmen — State Govt raises the alarm

FULL LIST: Ex-AIG, 2 Police Commissioners, 3 others for trial today in Abuja  (PLUS: Details of the cases against them)

FULL LIST: Ex-AIG, 2 Police Commissioners, 3 others for trial today in Abuja (PLUS: Details of the cases against them)

Family of five found unconscious in Benue, one confirmed dead

Family of five found unconscious in Benue, one confirmed dead

Police operatives reject N4 million bribe from murder suspect

Police operatives reject N4 million bribe from murder suspect

NDLEA pushes for mandatory drug test for driver’s licence applicants

NDLEA pushes for mandatory drug test for driver’s licence applicants

2027: Why Yoruba should support my presidential ambition — Atiku

2027: Why Yoruba should support my presidential ambition — Atiku

Police Seek Arrest Warrant Against Andy Uba Over Alleged N400m Job Scam

Police Seek Arrest Warrant Against Andy Uba Over Alleged N400m Job Scam

14-year-old student obsessed with 'Nazi ideologies' stabs teacher in France

14-year-old student obsessed with 'Nazi ideologies' stabs teacher in France

FG intensifies crackdown on fake certificates, issues nationwide enforcement deadline

FG intensifies crackdown on fake certificates, issues nationwide enforcement deadline

Gunmen kill police corporal, abduct three others in Kwara

Gunmen kill police corporal, abduct three others in Kwara

Contract termination: Umahi lied against us — Contractors

Contract termination: Umahi lied against us — Contractors

Thursday, September 25, 2025 10:05 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025