Oil and Gas

AGF refutes allegations of shady deals in Addax suit against FG

The Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke (SAN), has absolved himself from the allegation that his office wanted to compromise a suit filed by Addax Petroleum Development (Nigeria) Limited and Addax Petroleum Exploration (Nigeria) Limited against the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources (MPR), Department of Petroleum Resources (DPR), Federal Inland Revenue Services (FIRS) and the Attorney General of the Federation(AGF), relating to the fiscal incentives granted by the federal government of Nigeria in 2001 to the plaintiff companies, This Day reports.

The denial came as Addax Petroleum Nigeria also said the AGF did nothing wrong in the Product Sharing Contract (PSC) agreement the company entered into with the federal government in 2011.

In a statement issued by the Director of Information at the Federal Ministry of Justice, Mr. Charles Nwodo, the AGF said he was merely a nominal party in the said suit.

The statement said the principal agencies of government concerned with the issues in dispute were the Ministry of Petroleum Resources the DPR, NNPC and the FIRS.

Source: Energy Mix

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