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    Home » Malami denies recovering $62bn oil debt from IOCs

    Malami denies recovering $62bn oil debt from IOCs

    August 1, 2020
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    *Nigeria’s Attorney General of the Federation & Minister of Justice, Abubakar Malami.

    Mkpoikana Udoma

    Port Harcourt — The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, says he has not yet recovered the $62 billion debt from multinational oil companies, but has identified and vigorously pursued its recovery from the international oil companies, IOCs, in the last one year.

    Malami noted that as part of effort to recover funds for the Federal Government, his office identified and was pursuing such recovery with a view to have more funds for the execution of high-impact people-oriented projects in the country.

    A statement by the Minister’s Special Assistant on Media, Dr. Umar Jibrilu Gwandu, sighted by Sweetcrude Reports, said the minister made the clarification while presenting the scorecard of his ministry at a one-day workshop for judiciary correspondents in Abuja.

    Gwandu in the statement said the clarification was imperative to clear the misinformation caused by some reports, whereby Malami was misquoted to have said that the amount have been recovered.

    IOCs do not respect our laws – Stevedores

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