Monday, May 25, 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
Why I serve food at public functions, by Peter Obi
Politics

Africa has no business being poor, says Obi

by Eze Chidozie
May 24, 2026
0

Peter Obi, a leading opposition figure in Nigeria and sole presidential candidate of the Nigeria Democratic Congress (NDC) for the...

Read moreDetails
ADC: South-West stakeholders endorse Hayatu-Deen ahead of primaries

ADC: South-West stakeholders endorse Hayatu-Deen ahead of primaries

May 24, 2026
Abduction: Oyo state government exposes where kidnappers of principal, students are trapped

Terrorist footprint grows in Africa 

May 24, 2026
The case for the office of Judge Dan Maliki

The case for the office of Judge Dan Maliki

May 24, 2026
Afreximbank posts 25% growth in net income, improved profitability Q1 2026

Afreximbank posts 25% growth in net income, improved profitability Q1 2026

May 24, 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