A consultancy firm, Trobell International Limited
The managing director explained why the company is demanding $1.5 billion as recovery charges from the government.The firm said it was the first to bring to the attention of the government the possibility of making the recovery at a time the Nigerian government was struggling with balancing up its finances following the economic crises between 2015 and 2017.
It was out of patriotism that Trobell on 19th January 2017 when Nigeria was in recession and knowing fully well that the contracting oil companies which signed the Production Sharing Contracts are owing Nigeria these colossal sums of money from profit oil, wrote a proposal to the then Honourable Minister of Finance to be appointed a lead consultant to recover the money from the International Oil Companies .
When there was no response exactly one year after Trobell’s proposal to the Former Minister of Finance, Trobell again submitted the same proposal on January 19, 2018 to the Honourable Attorney-General of the Federation . “…this court, in exercise of its original jurisdiction can order that the terms of settlement by parties be made the judgment of this court. Accordingly, I hereby order that the terms of settlement entered into and duly signed by both the Plaintiffs and Defendant and their counsel be and is hereby made the judgment of this Court in respect of the dispute between the parties to this suit. The said terms of settlement shall be and remain the judgment of this court.
vi. Computation of revised Profit Oil distribution between OML operators and NNPC/FGN on switch of profit-sharing ratios
And una don borrow tire. Na God fit settle the matter
55 billion USD recovered and we are still poor? Abi I no read am well. Please someone should help if am getting the story wrong because 😭😭😭 can't help. God please have mercy on Nigeria and her people.
Where’s the money oh Biko
That doesn’t stop you people from borrow borrow no make me rich
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerian govt officials under fire over rivalry, leak of memosThe All Progressives Congress (APC) Professionals Forum has told civil servants and appointees of President Buhari Muhammadu in Ministries Department and Agencies (MDAs) to exhibit professional conduct. They made the call on Wednesday in reaction to the circular warning government workers to stop the leak of memos to the public. Nigeria's Head of Civil Service, ❤❤❤❤❤❤❤❤❤❤
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Children\u2019s Day: Nigerian govt gives update on reopening of schoolsSecretary to the government of the federation, Boss Mustapha, on Wednesday said the Federal Ministry of Education will soon issue guidelines for the reopening of schools in the country. Boss Mustapha made this known during Wednesday\u2019s daily briefing by the COVID-19 task force. Recall that the Lagos State government had explained that it does not Why is it that everyday u must say govt gives update while there's nothing new! Please behave ❤❤❤❤❤❤❤❤❤❤
Source: DailyPostNGR - 🏆 11. / 59 Read more »
COVID-19: Nigerian govt approves three drugs for further researchThree herbal drugs have been forwarded to relevant authorities for validation and further research. This was confirmed by the Presidential Task Force (PTF) on COVID-19 on Wednesday. The three 'cures' were picked from numerous claims of COVID-19 solutions. The Chairman of the PTF, Boss Mustapha, while speaking at a press briefing in Abuja, said the ❤❤❤❤❤❤❤❤❤❤
Source: DailyPostNGR - 🏆 11. / 59 Read more »
COVID-19: Nigerian govt clears air on June 8 reopening of schools, gives conditionsNigeria's Minister of State for Education, Emeka Nwajiuba, has denied that schools will reopen on June 8. Nwajiuba, speaking at the daily briefing of the Presidential Task Force on COVID-19 on Wednesday, asked parents and guardians to disregard the rumours making the rounds. 'June 8 school resumption date report is false,' he said. The minister What kind of conditions because the morning and afternoon section is not the best so it better they learn from home Student cant wait to go back to school 😭 Naija 4life
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Lagos demands N400bn from Nigerian govtThe Lagos State Government has called on the Federal Government to assist it with about N400billion to complete efforts in saving the nation\u2019s coastlines from erosion. Commissioner for Water Front Infrastructure Development, Kabiru Abdullahi, made the appeal on Wednesday at a ministerial press briefing, NAN reports. He announced that Lagos had constructed groins and needed 400Billion😳😳😳 Buhari should just hand 2020 budget to them. I wonder if Lagos is the only State fighting Covid-19 The 10 billion has finished 🤣🤣🤣
Source: DailyPostNGR - 🏆 11. / 59 Read more »
COVID-19: Nigerian govt clashes with WHO over use of ChloroquineNigeria's Minister of State for Health, Olorunnimbe Mamora, has said the World Health Organisation (WHO) cannot dictate how the country fights the COVID-19 pandemic. WHO on Monday, announced the suspension of the solidarity trial with hydroxychloroquine on COVID-19 patients. The Director-General of the health agency, Tedros Ghebreyesus, explained that it was due to safety concerns. We don't want WHO's interference they've lost credibility The world is faced with a pandemic due largely to the failure of WHO to act with dispatch & do all that was necessary at the very beginning to curtail its spread. Having spread all over the world, every country must be allowed to go about its containment in their own ways. Thank goodness our govt is waking up. I give it all to realDonaldTrump for his stand about the drug. Follow me and I follow back
Source: DailyPostNGR - 🏆 11. / 59 Read more »