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Shell to Pay $110 Million to End 30-Year Nigeria Oil Spill Case - Bloomberg

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Royal Dutch Shell Plc’s Nigerian unit agreed to pay a community in the West African country more than $110 million to resolve a long-running dispute over an oil spill that occurred more than 50 years ago.

The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7 billion naira ($110.9 million) in compensation to put an end to a legal case that began in 1991, the community’s lawyer Lucius Nwosu said by phone. Shell approached a court in Abuja, Nigeria’s capital, on Wednesday to disclose the development, he said.

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August 12, 2021 at 01:36AM
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Shell to Pay $110 Million to End 30-Year Nigeria Oil Spill Case - Bloomberg
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