Nigeria Can’t Recover $62bn From Oil Majors, Says Sylva
October 17, 2019
8:27 am
The Minister of State for Petroleum, Mr. Timipre Sylva has said that Nigeria knows that it cannot recover $62 billion from oil majors despite ongoing cases against the companies for money the government believes it is owed.
“Nobody can bring out that kind of money,” Sylva told reporters after a weekly cabinet meeting in Abuja. “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.”
The federal government has been fighting for the cash under a 1990s law that states it can revisit the Production …
