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.  ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now