• About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 15, 2025
  • Login
  • 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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Your addiction to loans mortgaging Nigeria’s future, Atiku tells Tinubu
Cover

Pervasive hunger, poverty in Nigeria unacceptable – Atiku

by Mohammed Koi
September 15, 2025
0

Former Vice-President Atiku Abubakar, has decried what he described as "increasing spate of hunger currently ravaging the country, especially the...

Read moreDetails
Gov Mbah approves N290.8m for gratuities, pensions for February 2025 retirees

Forum applauds Gov. Mbah on transformational projects in Enugu 

September 15, 2025
US court orders FBI, anti-drug agency to release investigation dossiers on Tinubu

Track-and-Trace: CSO wants FG to probe FMF, ICRC, suspend SCIPA contract

September 15, 2025
Senate to debate Rivers N1.481 trn 2025 budget

Ibas urges Rivers residents to shun politics of bitterness

September 14, 2025
We are more than an anti-Tinubu coalition – ADC

List of confirmed state chairmen by INEC fake, ADC alleges

September 14, 2025
  • 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