.IbeKachikwu, Falana Set For FoI Showdown Over '$60 Oil Revenue Loss' | Sahara Reporters However, responding in an April 11, 2019 reply, Kachikwu, through his Chief of Staff, Ms. Oge Modie, just acknowledged Falana’s letter. He he did not...READ MORE:
Ibe Kachikwu, Minister of State for Petroleum Resources, has acknowledged the request by human rights lawyer Femi Falana for the details of the loss of about $60bn oil revenue due to Nigeria — although he offered no hint whether he would acceded to Falana's request or not.
“In my letter addressed to you in your capacity as the Group Managing Director of the Nigerian National Petroleum Corporation , 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," Falana had written.
“In another public statement made on January 19, 2019 by the Acting Chairman of the Revenue, Mobilization, 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. “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.”
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