Nigeria Losses Over U.S.$16 Billion in 18-Years - Activist Falana

5 December 2018

Foremost constitutional lawyer and rights activist, Femi Falana, SAN, has alleged that the failure of the federal government to enforce Nigeria's Offshore Inland Production Act in the last 18 years has cost the country over $16 billion dollars.

Falana also flayed President Muhammadu Buhari's vetoing of the Petroleum Industry Governance Bill passed by the National Assembly and subsequently transmitted to him for assent.

He accused the president of pandering to the whims and caprices of International Oil Companies, IOCs, whom he said were against the proposed law.

Speaking at the 40th anniversary celebration of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, in Abuja where he presented a lead paper, Falana bemoaned government's lack of support for the bill. He also alleged that the federal government had not properly implemented most laws aimed at making meaningful impacts on the lives of indigenous oil workers in particular and Nigerians as a whole.

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