Civil Plaintiff

Shell Will Pay $111 Million to Settle an Oil Spill Dispute

Royal Dutch Shell Plc’s Nigerian unit agreed to pay a local community $111 million to resolve a long-running dispute over an oil spill that occurred more than half a century ago.

The Anglo-Dutch energy giant will pay the Ejama-Ebubu people 45.7 billion naira ($111 million) in compensation to end a legal case that began in 1991, the community’s lawyer, Lucius Nwosu, said by phone. Shell approached a Nigerian court on Wednesday [Aug. 11] to disclose the development, he said.

The payment “is for full and final satisfaction” of a court judgment issued against the company 11 years ago, a spokesman for Shell’s Nigerian subsidiary said by email.

Read the source article at Insurance Journal

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