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Nigeria: Will Ogoni, Shell Oil Spill Dispute Ever Be Resolved
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Nigeria: Shell Fumes As Rivers Govt Takes Over Kidney Island
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Shell fumes as Rivers govt takes over Kidney Island
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By Davies Iheamnachor
The Rivers State government has sealed and taken over the ownership of Kidney Island from Shell Petroleum Development Company, SPDC.
This was as the government secured the enforcement of its interest in the acquisition of 45 per cent equity stake in Oil Mining Lease, OML, 11, and the Island in Port Harcourt.
However, SPDC has dismissed the claim by the state government that it has taken over the facility and interest of the oil giant in OML11, adding that the matter was still in court.
Kelvin Ebiri,Special Assistant to Governor Nyesom Wike on Media, in a statement in Port Harcourt said the Island used by SPDC as their operational base in Port Harcourt, now belongs to the Rivers State government following a certificate of purchase registered in the Lands Registry as No. 6 at page 6 in Vol. 46, Port Harcourt.
By Emmanuel Addeh
The Shell Petroleum Development Company of Nigeria Limited (SPDC) yesterday dismissed the purported takeover of Kidney Island asset of the company’s Joint Venture in Port Harcourt by the Rivers State government.
Governor Nyesom Wike had claimed victory over Shell’s local subsidiary at OML 11, saying that it was in response to a court judgment and thereafter asked for SPDC to hand over revenues from the assets on the base.
At the time, Justice Charles Nwogu ordered that SPDC to “render accounts to and pay over to the claimant all accruals from the defendant’s continued appropriation of the pecuniary interests in the said OML 11”
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(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of Appeal sitting in Port Harcourt.
According to SPDC, any purported exercise of rights allegedly acquired through that process including any attempt to take over or seal up the Kidney Island asset or other assets of the SPDC JV to satisfy claims in pending suits is premature and prejudicial to the ongoing court proceedings, and therefore not recognised.
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