A civil society group, Socio-Economic Rights and Accountability Project (SERAP) has given the Federal Government seven days ultimatum to commence collection of overdue revenue from six multinational oil companies including Shell Petroleum Development Company (SPDC) or face legal action.
The group said the alleged failure by the government to "fully collect overdue revenue from the oil companies involved and ensure its transparent and efficient use for infrastructural development and the good of the country was a violation of Section 16 of the Deep Offshore and Inland Basin Production Contracts Act of 1999; the 1999 Nigerian Constitution and Nigeria's international human rights obligations and commitments."
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