Popular Human rights lawyer, Femi Falana, SAN, has called for the recovery of more than $123 billion and N66.4 billion allegedly owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and other oil and gas companies. He recently had his say via a letter addressed to the Senate President and copied to the Speaker of the House of Representatives.
Urgjng the authorities to initiate measures to recover the funds, Falana warned that failure to initiate recovery measures within 14 days of receiving the letter would prompt his firm to institute legal proceedings at the Federal High Court to compel the relevant authorities to act.
He concluded by alleging that NNPCL has failed to remit $23.1 billion in dividends attributable to the Federal Government’s 49 per cent stake in Nigeria LNG Limited to the Federation Account.
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