Shell Agrees To Pay Ogoni Communities N45.9bn compensation over oil spills

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Multinational oil company, Shell Petroleum, has agreed to pay N45.9billion to the Ogoni people of Rivers State for the losses they have suffered from oil spillage that ravaged their communities.

This comes after a June 14, 2010 ruling by Justice Ibrahim Buba of the Federal High court in Lagos which ordered the company to pay the compensation.

The monetary compensation ordered will be paid to the Ogonis through their lawyer, Lucius Nwosu.

Shell Petroleum Company through its lawyer, A. O Ejelamo (SAN) announced the decision to pay up the money while addressing Justice Ahmed Ramat Mohammed of the Federal High Court Abuja on Wednesday.

The senior lawyer sought order of Justice Mohammed to permit payment of the debt through the Chief Registrar of the court in a bank account to be opened for the purpose but it was eventually agreed that the amount be paid to the aggrieved people through their lawyer.

The final decision to pay up the money was endorsed by Justice Ahmed Ramat Mohammed of the Federal High Court, Abuja.

The Ogonis waived the interest on the principal amount as concession agreed upon during reconciliation.




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