Multinational oil firm, Shell Petroleum Company, has agreed to pay N45.9billion to the Ogoni folks of Rivers State for the losses they’d suffered from oil spillage that ravaged their communities.
This comes 10 years after a Federal High Court ordered the corporate to pay the compensation. Daily Post studies that it will likely be paid to the Ogonis by their lawyer, Chief Lucius Nwosu.
Shell Petroleum Company by its lawyer, Chief A. O Ejelamo, a Senior Advocate of Nigeria, introduced the choice to pay up the cash whereas addressing Justice Ahmed Ramat Mohammed of the Federal High Court, Abuja, on Wednesday.
The senior lawyer sought the order of Justice Mohammed to allow fee of the debt by the Chief Registrar of the court docket in a checking account to be opened for the aim.
The ultimate choice to pay up the cash was endorsed by Justice Ahmed Ramat Mohammed of the Federal High Court, Abuja.
Although the oil firm had sought to pay by the Chief Registrar of the court docket, it was ultimately agreed that the quantity be paid to the aggrieved folks by their lawyer.
The quantity was awarded in favour of Ogoni folks by Justice Ibrahim Buba of the Lagos division of the Federal High court docket on June 14, 2010 in his judgment in a go well with filed by the Ogoni folks.
However, the Ogonis waived the curiosity on the principal quantity as concession agreed upon throughout reconciliation.