The Nigerian government is demanding $406.75 million minimum from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited over alleged crude oil theft. The amount, according to court papers in Lagos, represents the shortfall of the money paid by the multinational oil firm in the account of the Nigerian government with Central Bank of Nigeria, for crude oil lifted in 2013 and 2014. Government lawyer, Professor Fabian Ajogwu accused the Anglo-Dutch company of not declaring or under-declaring crude oil shipments during the period, following forensic analysis of bills of lading and shipping documents, Ajogwu, armed with sworn affidavits of three United States of America based professionals, claimed that Shell cheated Nigeria of the revenue. Among the three professionals employed by the Federal Government of Nigeria are: Professor David Olowokere, a US citizen who is the lead Analyst at Loumos Group LLC, a […]