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Shell to Pay $111 Million to End 30-Year Niger Delta case in Nigeria

Royal Dutch Shell Plc’s Nigerian unit agreed to pay a community in the West African country more than $111 million (€94,9 million) to resolve a long-running dispute over an oil spill that occurred more than 50 years ago. The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.9 billion naira ($111.68 million) in compensation to put an end to a legal case that began in 1991, the community’s lawyer Lucius Nwosu said by phone. Shell approached a court in Abuja, Nigeria’s capital, on Wednesday to disclose the development, he said.

Dutch court had ruled in January that Shell had polluted the Niger Delta in southern Nigeria and ordered the Anglo-Dutch energy giant to pay compensation.

Read the original article on Bloomberg