By using our website, you agree to the use of our cookies.

Advert Placement

Nigerian Presidential and
National Assembly Election!

  • days
  • Hours
  • Minutes
  • Seconds
🇳🇬 👍 🇳🇬
News

Shell Top Executives Summoned by the Court Over Alleged 16 million Barrels of Crude Oil Fraud 

 

An Upper Area Court sitting in Abuja has summoned Shell Petroleum Development Company of Nigeria and seven of its top Executives over alleged theft of 16 million barrels of crude oil through fraudulent and unapproved metering system.

The judge of the court sitting in Zuba, Gambo Garba, issued the summons on Thursday following a direct criminal complaint filed by the African Initiative Against Abuse of Public Trust.

In the said complaint, the group is urging the court to convict the Shell Executives for alleged criminal acts of conspiracy, theft, and cheating which are in violation of Sections 97, 287 and 323 of the Penal Code Law Cap 89 Law of Northern Nigeria, 1963.

Advert placement

Those summoned by the court included: Captain Callium Finlayson; Chibueze Uduanochie, Simon Ruddy; Bashir Bello; Osagie Okunbor; Igo Weli and Toyin Olagunyi.

The direct criminal complaint marked DC/CR/200/21 was filed by Obed Agu pursuant to section 88 and 89 of the Administration of Criminal Justice Act, 2015.

Advert placement

The group alleged that as operators of the Bonny Terminal, Shell installed an unapproved metering system which it claimed was temporary and which it manipulated to deliberately understate the volume of crude oil that was injected to the terminal thereby shortchanging the local oil companies, owners of the oil and the Federal Government the revenue due to them.

 

The oil companies include Belema Oil, Eroton, AITEO and Newcross.

From the court papers, the group alleged that the Department of Petroleum Resources has conducted investigation into the allegations and has indicted SPDC. They also allege that Shell has admitted to having cheated the companies of about 2 million barrels and also committed to refund the crude to the companies.

The group say they will be pressing for the maximum punishment which is 6 months in jail for conspiracy, 5 years for theft and five years for  cheating.

 

 

 

Source: www.sunnewsonline.com

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Disclaimer

Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

Advert Placement


Support The Pacesetter Frontier Magazine

It takes a lot to get credible, true and reliable stories.

As a privately owned media outfit, we believe in setting the pace and leaving strides in time.

If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.

Related posts

Leave a Reply

Required fields are marked *

All Rights Reserved | The Pacesetter Frontier Magazine | Design by Karm