It might not have come as a surprise to those who follow murky Nigerian politics that its attorney-general and justice ministry want international oil companies to pay $62bn (about R941bn) in outstanding revenues.

Ostensibly, Nigeria is pulling its shakedown playbook on oil majors such as Chevron, Royal Dutch Shell and Total for shortchanging the government under a revenue-sharing agreement struck in the 1990s.  ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.