A Federal High Court in Lagos was on Monday forced to adjourn continuation of hearing until November 15 in a suit filed by the federal government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth $406.8 million. The suit, filed by the federal government’s counsel, Fabian Ajogwu, has Shell Petroleum Development Company of Nigeria Ltd and its subsidiary — Shell Western Supply & Trading Ltd as defendants. A similar case before the same court involving the federal government and Agip, a subsidiary of oil giant Eni, which was also scheduled for Monday, was also fixed for November 15 for hearing. The plaintiff is claiming the sum of $406.8 million from the defendants, representing the shortfall of money paid into the federal government’s account with the Central Bank of Nigeria. FULL ARTICLE
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