The People's Alternative Political Movement has asked the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to enforce the Supreme Court judgement directing the Nigerian government to recover all revenues lost to oil-exploring and exploiting companies due to wrong profit-sharing formula since August 2003.
“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.
“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.