Sunday, May 17, 2026
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Business

Nigeria’s Supreme Court upholds freeze on sale of Shell’s asset in dispute over 2019 oil spill in 88 Niger Delta communities

Ada Okafor by Ada Okafor
June 21, 2022
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Nigeria’s Supreme Court has upheld a lower court ruling that stopped Shell Plc from selling its assets in Nigeria until a dispute between the oil major and a Niger Delta community over a 2019 oil spill is resolved.

The High Court in March barred Shell from any asset sale in Nigeria until a decision is reached on the dispute.

Eighty-eight communities in Rivers state were awarded $1.95 billion compensation for an oil spill they blamed on Shell and which damaged their farms and waterways.

Shell, which denied causing the spill, appealed the compensation verdict and the ruling blocking the sale of its assets. The company then went on to advertise for bids for the assets after filing an appeal.

But the Supreme Court, in a ruling dated June 16, said the parties should “maintain the status quo” until a hearing of all applications from Shell and the communities later this year.

“What the status quo means here is that there should be no bids, no sales until the hearing of the applications which has been fixed for November 3, 2022,” Mohammed Ndarani, the laywer representing the Delta communities told Reuters on Monday.

A Shell Spokesperson did not immediately respond to a request for comment.

Shell wants to sell its stake in Nigeria’s onshore fields, where it has been active since the 1930s, as part of a global drive to reduce its carbon emissions.

The company, the most significant international oil major operating in Nigeria, has faced a string of court cases in the past over oil spills.

In April, Shell said the volume of crude oil spills caused by sabotage in the Delta more than doubled to 3,300 tonnes last year, a level last seen in 2016.

Previous Post

The asymmetric war of attrition in South-East and South-West by soldiers of fortune

Next Post

Israeli Prime Minister dissolves Knesset, calls for new elections

Next Post

Israeli Prime Minister dissolves Knesset, calls for new elections

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
NNPC strengths national healthcare, donates MRI machine to NAUTH
Business

NNPC strengths national healthcare, donates MRI machine to NAUTH

by Newsdesk Africa
May 17, 2026
0

By Sam Otuonye NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has commissioned and handed over a...

Read moreDetails
2027- APC's anti-people policies, our pathway for retiring Tinubu - Adebayo

2027: Why I will defeat Tinubu — Adebayo

May 17, 2026
Ndume commends troops for foiling Boko Haram/ISWAP attack on Pulka community

Boko Haram abducts 42 students, children in Borno school attack — Ndume

May 17, 2026
SERAP seeks court order to compel CBN disclose LGA fund details

Probe alleged N800 billion FAAC diversion for campaign funding, SERAP tells INEC

May 17, 2026
Manchester City beat Chelsea F.C. to win FA Cup as Pep Guardiola lands 20th trophy

Manchester City beat Chelsea F.C. to win FA Cup as Pep Guardiola lands 20th trophy

May 17, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng