PM NEWS
Agency Reports
The Ejama-Ebubu community in Ogoniland, Rivers State will within the next 21 days receive N45.9 billion from Shell as settlement for an oil that occurred during the Nigerian Civil War.
Shell finally agreed to pay the money on Wednesday when a Federal High Court in Abuja rejected its fresh bid to avoid payment.
Justice Ahmed Mohammed who gave the order on Wednesday held that the money must be paid within 21 days.
The cost was awarded against the company in 2010 for oil spillage in Ogoniland.
In his submission, Counsel to Shell Petroleum Company, Aham Ejelamo, informed the court that his client had agreed to make the payment.
Nigeria’s Supreme Court in November last year denied Shell’s bid to challenge a 2010 award of 17 billion naira ($41.36 million), that with accruing interest the community had said was worth more than 180 billion naira.
