Skip to content
October 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Nigeria loses in court in 57m barrels crude export suit, may appeal
  • Business & Economy

Nigeria loses in court in 57m barrels crude export suit, may appeal

Admin May 8, 2019

A Nigerian court on Wednesday dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West African country said an appeal would be launched.
Crude oil sales are the mainstay of Africa’s biggest economy, making up two-thirds of the country’s revenue and around 90 percent of foreign-exchange earnings.
In a lawsuit filed in 2016, Nigeria alleged that a number of companies exported a total of 57 million barrels of crude oil to the United States between 2011 and 2014. It said they failed to declare all of this to Nigeria’s government as required by law.
A judge at the federal high court in the commercial capital Lagos said the government had failed to provide enough evidence to support its suit against the local Agip unit of Italy’s Eni and the Brasoil unit of Brazil’s state-run Petroleo Brasileiro SA, better known as Petrobras.
“The court did not agree with our position,” said Ituah Imhanze, a lawyer who represented Nigeria’s government in court.
He said the government would file an appeal by the end of Thursday.
Representatives of Eni and Petrobras did not immediately respond to an email requesting comment.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: 57 million crude export Eni Nigeria Petrobas Petroleo Brasileiro SA

Post navigation

Previous Sudan interim government: Military rulers want Sharia law, local norms to guide legislation
Next Corruption: The case against Pinnick, others

Related Stories

Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote
  • Business & Economy

Cameroon’s Sonara signs fuel supply deal with Nigeria’s Dangote

October 30, 2026
Every borrowing is a debt, stop deceiving Nigerians – Atiku’s aide fires at Oyedele
  • Business & Economy

Every borrowing is a debt, stop deceiving Nigerians – Atiku’s aide fires at Oyedele

October 30, 2026
We are borrowing to expand investment opportunities for future generations: Tinubu explains 
  • Business & Economy

We are borrowing to expand investment opportunities for future generations: Tinubu explains 

October 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Navy intercepts 3 vessels in Delta, recovers 140,000 litres of petroleum Naval rating arrested
  • National News

Navy intercepts 3 vessels in Delta, recovers 140,000 litres of petroleum

October 30, 2026
Police detain suspected fake soldier in Bauchi Ekiti abductors
  • National News

Police detain suspected fake soldier in Bauchi

October 30, 2026
Ondo: Police probe suspected suicide of 46-year-old man Police
  • National News

Ondo: Police probe suspected suicide of 46-year-old man

October 30, 2026
Lagos 2027:  Sanwo-Olu pitches Hamzat as best man for the job; rallies Lagosians for support
  • Politics

Lagos 2027:  Sanwo-Olu pitches Hamzat as best man for the job; rallies Lagosians for support

October 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.