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FirstBank, Shell oppose Nigerian group s bid to seize assets in oil spill dispute

3 Min Read YENAGOA/LAGOS (Reuters) - Nigeria’s FirstBank and a unit of energy giant Shell said on Friday members of a community in southern Nigeria had no right to seize assets from a bank branch this week in a dispute over compensation for an oil spill more than five decades ago. Members of the Ejama-Ebubu community and law enforcement officers entered a FirstBank branch in Port Harcourt on Tuesday to seize assets following a court award relating to the spill that took place in the 1967-70 civil war. The community was awarded damages worth 17 billion naira ($44.7 million), with accruing interest, in a federal court ruling in 2010. Shell Petroleum Development Company of Nigeria (SPDC) has long challenged the award. The community says the value with interest is now more than 180 billion naira.

Court finds Shell liable for Nigerian oil spills

Article by Amanda Jasi A DUTCH appeals court has ruled that Shell is responsible for the consequences of oil spills in two Nigerian villages from its subsidiary Shell Petroleum Development Company of Nigeria (SPDC). A decision regarding oil spills in a third village is yet to be made. In a case launched 13 years ago, four Nigerian farmers and Milieudefensie (Friends of the Earth Netherlands) claimed compensation from Shell for damage suffered due to oil spills from underground pipelines and an oil well. The spills from pipelines occurred in the villages of Goi (about 150 bbl) and Oruma (400 bbl) in 2004 and 2005, respectively. Two leaks occurred in the village of Ikot Ada Udo in 2006 (about 1 bbl) and 2007 (629 bbl). Shell has argued that it is not responsible under Nigerian law, as the spills were caused by sabotage.

Nigeria: Shell Nigeria must compensate farmers for oil leak pollution & Royal Dutch Shell to install leak detection system, orders Dutch Appeal Court

Business & Human Rights Resource Centre Featured pages Featured pages Featured pages Featured pages Article Nigeria: Shell Nigeria must compensate farmers for oil leak pollution & Royal Dutch Shell to install leak detection system, orders Dutch Appeal Court Dutch court orders Shell to pay Nigerian farmers over oil spills , 29 January 2021 . The Court of Appeal in The Hague on Friday ruled that the Nigerian arm of the British-Dutch company must issue payouts over a long-running civil case involving four Nigerian farmers who were seeking compensation, and a clean-up, from the company over pollution caused by leaking oil pipelines. It held Shell’s Nigerian subsidiary liable for two leaks that spewed oil over an area of a total of about 60 football pitches in two villages, saying that it could not be established “beyond a reasonable doubt” that saboteurs were to blame.

How White & Case Advised TNOG Oil on Acquisition of OML 17

Obinna Chima Global law firm, White & Case LLP, has disclosed that it advised Trans Niger Oil and Gas Limited (TNOG), a related company of Heirs Holdings Oil & Gas Limited and Transnational Corporation of Nigeria Plc (Transcorp), on the highly innovative acquisition financing of a 45 per cent participating interest in OML 17 and related assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. TNOG Oil and Gas Limited, now has sole operatorship of the asset. This is just as White & Case has announced the promotion of Deji Adegoke, one of its officials, who played a key role in the transaction to the position of a Partner in its Global Project Development and Finance Practice.

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