The People’s Alternative Political Movement (PAPM) has requested the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to implement the Supreme Court judgement directing the Nigerian authorities to recuperate all revenues misplaced to oil-exploring and exploiting firms as a result of fallacious profit-sharing components since August 2003.
Professor Omotoye Olorode and Jaye Gaskia on behalf of the group knocked the Minister of State for Petroleum, Timipre Silva, for asking the oil firms to not pay.
In a letter signed by their counsel, Femi Falana (SAN), the group requested Malami to make use of his workplace to make sure that the mentioned sum of $62 billion is recovered from the businesses and paid into the Federation Account with none additional delay.
The letter learn, “We are Solicitors to Professor Omotoye Olorode and Jaye Gaskia of the People’s Alternative Political Movement (PAPM) on whose behalf we write this letter.
“Our clients have instructed us to remind you that the Federal Government has not enforced the above-mentioned Judgment of the Supreme Court of Nigeria delivered on October 20, 2018. In the said Judgment the apex court had directed the Federal Government to immediately take steps to recover all revenues lost to oil-exploring and exploiting companies due to the wrong profit-sharing formula since August 2003.
“Based on the aforesaid Judgment, you did request for the immediate payment of the sum of $62 billion owed by the six international oil companies with joint operating agreements with the NNPC (Nigerian National Petroleum Corporation) namely Shell Petroleum Development Company, Mobil Producing Nigeria Unlimited and Chevron Nigeria Limited, Nigeria Agip Oil Company, TotalElf Nigeria and Pan Ocean Oil Company.
“But to the utter dismay of our clients, Mr. Timipre Silva, the Minister of State in the Ministry of Petroleum Resources publicly stated that ‘Well, we have started discussions. Let us consider that as a lost opportunity, the money was not in a cupboard, they have taken it. Nobody can bring out that kind of money, I mean we can’t get $62 billion. We can maybe get something from them but not $62 billion. It’s an opportunity we have lost. We have already started discussions with them but what is clear is that it is a lost opportunity really.’
“In view of the foregoing, we have the instructions of our client to request you to use your good offices to ensure that the said sum of $62 billion is recovered from the International Oil Companies and paid into the Federation Account without any further delay.
“However, if you fail or refuse to accede to the request of our client we shall not hesitate to approach the Federal High Court to seek an order to compel you to comply with the judgment of the Supreme Court in accordance with section 287(1) of the Constitution which provides that ‘The decisions of the Supreme court shall be enforced in any part of the Federation by all authorities and persons, and by courts with subordinate jurisdiction to that of the supreme Court.’
“As we await your reply to this letter please accept the assurances of our highest esteem and professional regards.”