┬áMinister of State for Petroleum Resources, Mr. Timipre Sylva, said yesterday that it was impossible for the Federal Government to recover a total $62 billon from International Oil Companies, IOCs, being revenue lost to oil exploration since 2003. The minister stated this while fielding questions from State House correspondents at the end of the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja. Recall that the Federal Government, through the Office of the Attorney-General of the Federation, AGF, had written to oil companies, demanding various sums of money from them on the basis of an October 17, 2018, judgment of the Supreme Court. [Breaking] Cost of Governance: Buhari reduces travels, estacodes for Ministers, others(Opens in a new browser tab) The apex court had in the said judgment, ordered the Federal Government to immediately take steps to recover all […]